• 19 November, 2024

Tag: Solana (SOL) News

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.

Markets
Crypto Updates: Solana Fix, Dark Skippy, Hong Kong Reform

Crypto Updates: Solana Fix, Dark Skippy, Hong Kong Reform

The renowned analytical platform CryptoRank has provided a comprehensive update on the latest developments in cryptocurrency. In a recent X

Markets
Solana’s Surge and Brazil’s Bold Step in the Crypto Market

Solana’s Surge and Brazil’s Bold Step in the Crypto Market

Solana (SOL) has been capturing significant attention with its recent market performance. As the cryptocurrency landscape evolves, SOL’s movements against

Markets
Solana Season at the Horizon? SOL Nears ATH Against Ether

Solana Season at the Horizon? SOL Nears ATH Against Ether

Solana (SOL) has experienced a price surge of 7.5% in the past 24 hours, trading at $153.44 as of press

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Bitcoin Surges Past $57K, Leading Crypto Market Rally

Bitcoin Surges Past $57K, Leading Crypto Market Rally

The renowned analytical platform CryptoRank shared its insights in a recent X post, shedding light on the current state of

Markets
Solana’s Dramatic Rebound: What’s Driving the Market?

Solana’s Dramatic Rebound: What’s Driving the Market?

Solana (SOL) recently experienced a sharp rebound following a severe price drop. Ali Martinez, a prominent crypto enthusiast, noted that

Market News
Analyst Exposes Market Manipulation in Solana’s Price

Analyst Exposes Market Manipulation in Solana’s Price

Solana, a layer 1 cryptocurrency, has reached the $127.73 price point 15 times in the last four months. A crypto

Market News
Solana’s Sharp Decline vs. Ethereum’s Smooth Slide: Analysis

Solana’s Sharp Decline vs. Ethereum’s Smooth Slide: Analysis

The Solana-to-Ethereum (SOL/ETH) ratio is on the verge of reaching an all-time high for the fourth time in this cycle.

News
FTX’s Secret Solana Holding: 8% of Supply in Hidden Wallets

FTX’s Secret Solana Holding: 8% of Supply in Hidden Wallets

In a shocking revelation, an ex-employee of FTX has come forward, exposing that FTX’s wallets secretly hold 8% of Solana’s

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SEC Keeps Solana’s Security Status Uncertain Amid Binance Lawsuit Adjustments

SEC Keeps Solana’s Security Status Uncertain Amid Binance Lawsuit Adjustments

The U.S. Securities and Exchange Commission (SEC) has not ruled out Solana (SOL) as a security despite withdrawing its request

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Rising Concerns Over Neiro Crypto: Potential ‘Pump and Dump’ Scheme

Rising Concerns Over Neiro Crypto: Potential ‘Pump and Dump’ Scheme

Neiro crypto, a newly launched memecoin on the Solana blockchain, has quickly become a topic of concern among investors. Within

News
SEC Drops Security Claims for Solana: Strategic Shift or Legal Maneuver?

SEC Drops Security Claims for Solana: Strategic Shift or Legal Maneuver?

Securities and Exchange Commission’s (SEC) case against Binance has stirred discussions in the crypto community about the regulatory status of

Market News
Investors Flock to Solana Amid Ethereum’s Post-ETF Struggles: Here’s Why

Investors Flock to Solana Amid Ethereum’s Post-ETF Struggles: Here’s Why

The rivalry between Solana ($SOL) and Ethereum ($ETH) is intensifying as market dynamics shift. As highlighted by Michaël van de