• 06 July, 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
Solana (SOL) Surges Towards $154.89 – Will This Level Hold?

Solana (SOL) Surges Towards $154.89 – Will This Level Hold?

Solana (SOL), a prominent cryptocurrency, has exhibited a dynamic price movement recently. As highlighted by Muro, an analyst, the price

Markets
12 Solana-Based Memecoins Abandoned After Raising $26.7 Million in Presale

12 Solana-Based Memecoins Abandoned After Raising $26.7 Million in Presale

Independent blockchain investigator ZachXBT recently reported that 12 memecoins collectively raised $26.7 million through presales in the past month, only

Markets
Solana’s Bullish Surge Fuels Trader’s $1.49M Windfall: What’s Next?

Solana’s Bullish Surge Fuels Trader’s $1.49M Windfall: What’s Next?

A savvy trader has made waves in cryptocurrency by netting an impressive $1.49 million in just two days through shrewd

Markets
Solana’s Price Trajectory: Expert Predicts Surge to These Next Levels

Solana’s Price Trajectory: Expert Predicts Surge to These Next Levels

In a detailed analysis, CryptoBullet, a known figure in the cryptocurrency community, shared an optimistic outlook for Solana ($SOL). Their

Markets
Bitcoin and Ethereum Dip Below Key Levels Amid Altcoin Plunge

Bitcoin and Ethereum Dip Below Key Levels Amid Altcoin Plunge

The cryptocurrency market experienced a downturn today, marked by Bitcoin (BTC) slipping below the $62,000 level and Ethereum (ETH) approaching

News
Solana Mainnet Beta Update v1.17.31 Targets Network Congestion

Solana Mainnet Beta Update v1.17.31 Targets Network Congestion

Solana developers rolled out the mainnet beta update v1.17.31. Following extensive testing over three days, the update has been greenlit

News
Solana’s Position in the Cryptocurrency Market: Expert Insights

Solana’s Position in the Cryptocurrency Market: Expert Insights

In a YouTube video by Altcoin Daily, an industry expert, highlights the robust capabilities of the Solana blockchain, emphasizing its

News
Solana DeFi Implosion: MarginFi Founder Quits After $150 Million Drain

Solana DeFi Implosion: MarginFi Founder Quits After $150 Million Drain

Edgar Pavlovsky, the founder of MarginFi, one of the leading DeFi platforms on Solana has put his resignation amid controversy

News
Solana Sets April 15 for Crucial Network Fix Amid Transaction Troubles

Solana Sets April 15 for Crucial Network Fix Amid Transaction Troubles

In a recent development that has the Solana community on alert, developers are gearing up for a critical update scheduled

Market News
Solana Struggles: Anza Network Takes Lead in Congestion Crisis Resolution

Solana Struggles: Anza Network Takes Lead in Congestion Crisis Resolution

The Solana blockchain, a prominent player in the cryptocurrency arena, has hit a rough patch, grappling with significant network congestion

Market News
Solana’s Meme Coin Hype Tests Ethereum’s Dominance

Solana’s Meme Coin Hype Tests Ethereum’s Dominance

According to CryptoRank, meme coins have carved out a niche that captures the intersection of digital culture and investment. With

News
Solana’s Surge: Navigating the Path to Profit Amidst Volatility

Solana’s Surge: Navigating the Path to Profit Amidst Volatility

Solana (SOL) stands out as a promising asset, attracting attention from investors seeking potential opportunities. As of today, Solana is