• 04 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.

Market News
Analyst Takes on Building a Successful Crypto Portfolio for Beginners

Analyst Takes on Building a Successful Crypto Portfolio for Beginners

In the dynamic world of cryptocurrency, navigating the bull market requires strategic decision-making, especially for beginners. CryptoBusy, a prominent voice

News
Solana (SOL) Price Plummets 6%: FTX Bankruptcy Concerns

Solana (SOL) Price Plummets 6%: FTX Bankruptcy Concerns

Solana (SOL) has seen a significant 6% price drop over the last 24 hours, igniting concerns within the crypto community.

News
Solana Leapfrogs Dogecoin in Market Capitalization Amid NFT Boom

Solana Leapfrogs Dogecoin in Market Capitalization Amid NFT Boom

Solana and Dogecoin are seeing significant shifts in their market capitalization rankings. Recent reports from Messari, a provider of crypto

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Cypher Protocol Faces $1 Million Security Breach in Major Crypto Exploit

Cypher Protocol Faces $1 Million Security Breach in Major Crypto Exploit

In a significant cybersecurity incident, Cypher Protocol, a decentralized futures exchange built on the Solana blockchain, fell victim to a

News
Solana Surges Higher Amid Network Upgrades and Rising DeFi Activity

Solana Surges Higher Amid Network Upgrades and Rising DeFi Activity

Solana’s native token SOL saw a strong 6.23% price increase over the last 24 hours, rallying to $25.04. The total

News
Solana Labs Unveils Solang Compiler for Seamless Solidity-Solana Smart Contracts

Solana Labs Unveils Solang Compiler for Seamless Solidity-Solana Smart Contracts

In a recent announcement, Solana Labs, a web-scale blockchain platform, unveiled Solang, a ground-breaking compiler that bridges the gap between

News
Solana’s Surprising Surge: A 35% Jump Sparks Renewed Interest in SOL

Solana’s Surprising Surge: A 35% Jump Sparks Renewed Interest in SOL

Solana (SOL) has embarked on an impressive run in a surprising turn of events, recording a substantial 35% surge over

News
Polkadot vs. Solana – Unveiling the Latest Price Trends and Market Sentiments

Polkadot vs. Solana – Unveiling the Latest Price Trends and Market Sentiments

In the rapidly evolving landscape of cryptocurrencies, two formidable players, Polkadot (DOT) and Solana (SOL), have emerged as strong contenders,

News
Revolut Follows Bakkt’s Lead: Delists Three Tokens for US Customers

Revolut Follows Bakkt’s Lead: Delists Three Tokens for US Customers

Revolut, a UK-based fintech firm, has announced that it would cease offering Solana, Cardano, and Polygon’s tokens to its US

News
98.87% of Crypto Investors Will Miss Solana Pump – says Crypto Analyst

98.87% of Crypto Investors Will Miss Solana Pump – says Crypto Analyst

Solana, one of the rising stars in the cryptocurrency world, is gearing up for a massive pump, and an alarming

News
Robinhood Exchange Delists ADA, MATIC, and SOL After SEC Lawsuit

Robinhood Exchange Delists ADA, MATIC, and SOL After SEC Lawsuit

In response to the increasing regulatory crackdown on major exchanges like Coinbase and Binance, Robinhood, the popular commission-free trading platform,

News
Solana Shows Strong Uptrend Signs for June, July; Says Crypto Analyst

Solana Shows Strong Uptrend Signs for June, July; Says Crypto Analyst

A prominent crypto analyst believes that the leading cryptocurrency Solana (SOL) is poised for growth and shall rise 702.84% in