Solana

Solana ($SOL) is an open-source blockchain platform designed to facilitate decentralized applications with high scalability. Originating in 2017, it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland. Solana's protocol introduces a hybrid consensus model, combining proof-of-history (PoH) with the underlying proof-of-stake (PoS) consensus of blockchains. This innovative approach allows Solana to achieve transaction speeds of up to 50,000 transactions per second, a significant leap compared to Ethereum's 15 transactions per second. Solana's energy efficiency is also noteworthy, with each transaction consuming energy equivalent to a few Google searches. The cryptocurrency associated with Solana, SOL, witnessed a remarkable surge in 2021, with its market capitalization reaching over $66 billion at one point. However, by October 3, 2022, its market cap had decreased to approximately $11.71 billion. Solana's unique proof-of-history concept, introduced by co-founder Anatoly Yakovenko in a 2017 white paper, enables the verification of the order and passage of time between events, enhancing the speed and efficiency of the blockchain. As of September 2022, Solana has processed over 100 billion transactions at an average cost of $0.00025 per transaction. Solana's GitHub repository indicates active development, with a focus on scalability, security, and decentralization. The platform's architecture can theoretically handle up to 710,000 TPS on a standard gigabit network. The repository also emphasizes compliance with applicable laws and regulations, highlighting the project's commitment to ethical and legal standards.

solana

Is Crypto Winter Coming? Mike Ermolaev Explains, Picks The Top 4 Solana Gaming Coins

by Mike Ermolaev
Jan 31, 2022

solana

Solana sees Network Instability Amid Crypto Volatility

Solana was hit by instability due to excessive duplicate transactions, according to the notice on the blockchain network's website.

by Aaron Limbu
Jan 24, 2022

solana

Sky-High Transaction Fees are Driving NFT Users Away from Ethereum, says JPMorgan

A decreased return in Ethereum's NFT market share is attributed to congestion and high gas fees.

by Brian Njuguna
Jan 19, 2022

solana

Binance.US to Establish Office in Portals, the Metaverse Platform on the Solana Blockchain

The US branch of the world-leading Binance exchange, Binance.US, is opening an office in Portals, the Metaverse platform on the Solana blockchain.

by Annie Li
Jan 10, 2022

solana

DeFi Growth Outlook for 2021: From $18.71B to $258.58B

According to data from DeFiLlama, the DeFi ecosystem, encompassing the top blockchain networks saw a massive growth surge from $18.71 billion in Total Value Locked (TVL) as of Jan 1, 2021, to $258.58 billion it is pegged at as of today.

by Godfrey Benjamin
Dec 27, 2021

solana

Here Is Why Crypto Is Still The Best Asset Class, Top Altcoins to Buy Before 2022

Even though we at ChangeNOW.io aren't seeing the explosive growth predicted by some analysts by the end of this year and some are upset with BTC retracing more than 30% from its all-time high of $69,044.77 hit in November, things are not all that bad.