Solana Revives at $13.06, Can the Bulls Sustain the Current Trend?
Solana price analysis reveals SOL is in a firm bullish trend as the coin has surged by 14% in the
Solana, often referred to as the “Ethereum killer,” shares significant similarities with Ethereum. The Solana Foundation was founded in 2018 and later launched Solana, an open-source project.
The Solana blockchain uses a proof-of-history consensus mechanism, unlike earlier blockchains. Solana blockchain’s native token is Solana (SOL). Notably, Solana uses “a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of crypto’s first-wave solution,” as quoted by CEX.IO COO Konstantin Anissimov. With its unique combination of proof of history and delegated proof-of-stake algorithms, Solana is aimed at solving Ethereum’s scalability issues.
Solana offers faster transaction speeds than its closest competitors, Ethereum and Cardano. Compared to Ethereum’s 15 transactions per second, Solana can process about 2,600 transactions per second. Thus, Solana is identified to be one of the fastest blockchain platforms. To know what’s happening in the Solana ecosystem, read from CryptoTale.
Solana price analysis reveals SOL is in a firm bullish trend as the coin has surged by 14% in the
The Solana blockchain’s SOL token dropped to a new post-FTX low of $12.45 on Thursday after Binance said that deposits
The market is concerned that Alameda Research, a large holder of SOL tokens, may sell its tokens on FTX, a
As of late, public blockchain platform Solana’s newest initiative, Solana Mobile, has announced its newest partner: cryptocurrency hardware wallet maker
More than $100 million was stolen from the decentralized finance (DeFi) platform Mango, which is built on the Solana blockchain.
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