• 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
Bitcoin Surges Above $63K as Top Cryptos Trade in Green

Bitcoin Surges Above $63K as Top Cryptos Trade in Green

Bitcoin has crossed the $63,000 mark, signifying a robust trend in the cryptocurrency market, according to CryptoRank, a crypto industry

Markets
Solana’s Resilience: Price Surge Post-Network Outage

Solana’s Resilience: Price Surge Post-Network Outage

In this technological world, nothing goes very smoothly, and anything can happen at any time.  Solana’s Beta network faced a

Features
Top 5 L1s: Building & Booming! Next Price Targets?

Top 5 L1s: Building & Booming! Next Price Targets?

Layer-1 crypto coins are the powerhouse of the digital world, powering all the outstanding ideas throughout the cryptocurrency. These top

Markets
Market Overview: Bitcoin Trades Below $61K as Top Cryptos Plunge into Red Zone

Market Overview: Bitcoin Trades Below $61K as Top Cryptos Plunge into Red Zone

CryptoRank, a crypto analyst, recently stated that Bitcoin is trading below $61,000, and the top 10 cryptocurrencies are showing losses.

Market News
Solana Soars with 692% Surge, Surpassing Bitcoin and Ethereum in Annual Gains

Solana Soars with 692% Surge, Surpassing Bitcoin and Ethereum in Annual Gains

Solana (SOL) has captured the spotlight with a significant 692% increase over the past year. This remarkable surge has positioned

Market News
Solana ETF Could Skyrocket Market Value Amid Changing Regulatory Landscape

Solana ETF Could Skyrocket Market Value Amid Changing Regulatory Landscape

GSR recently released its ETF possibility score, ranking ETH, SOL, NEAR, AVAX, APT, ADA, XRP, and ATOM based on decentralization

Market News
Bitcoin Dominance Dips as Solana, Ethereum, and Dogecoin Rally

Bitcoin Dominance Dips as Solana, Ethereum, and Dogecoin Rally

Bitcoin is currently trading below $61,000, with the broader cryptocurrency market showing positive trends. The top 10 cryptocurrencies are experiencing

News
VanEck ETF Filing Sparks Solana’s Biggest Rally in Over a Month

VanEck ETF Filing Sparks Solana’s Biggest Rally in Over a Month

Solana experienced its most significant rally in over a month after VanEck, an exchange-traded fund (ETF) issuer, submitted a filing

Market News
Metallica’s X Account Hacked: False Claims of Ticketmaster Partnership

Metallica’s X Account Hacked: False Claims of Ticketmaster Partnership

Metallica’s social media account was recently compromised, leading to the unauthorized promotion of a new cryptocurrency token, $METAL, falsely advertised

Market News
Bitcoin Drops Below $62K Amidst Mixed Trends in Top Cryptos

Bitcoin Drops Below $62K Amidst Mixed Trends in Top Cryptos

Bitcoin has experienced a dip, trading below the $62,000 mark, per recent CryptoRank data. The broader crypto market shows varied

Market News
Market Cap Drops to $2.39T Amidst Crypto Red Zone; Bitcoin Dominance Rises

Market Cap Drops to $2.39T Amidst Crypto Red Zone; Bitcoin Dominance Rises

Bitcoin’s market value recently dipped below $63,000, reflecting a broader downturn across the cryptocurrency sector. The majority of the top

Market News
Bitcoin Below $65K, Solana and Dogecoin Rise, Market Cap at $2.46T: Report

Bitcoin Below $65K, Solana and Dogecoin Rise, Market Cap at $2.46T: Report

The cryptocurrency market has again shown its unpredictable nature, with Bitcoin trading below the $65,000 mark. Renowned analytical platform CryptoRank