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Solana Price & Charts

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Solana News

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  • PDA inference added to Anchor September 24, 2022
    "Account munging be gone! For most instructions, anchor will now derive every account possible from has_one and seeds. Recursively. No more fetching related accounts and PDA constructing. No more sdks that are 90% boilerplate. The future is now, old man!" https://twitter.com/redacted_noah/status/1573512847883206656?t=5BeVGnfOSs8oF06PW8stjA&s=19 https://github.com/coral-xyz/anchor/pull/2198 submitted by /u/7LayerMagikCookieBar [link] [comments]
    /u/7LayerMagikCookieBar
  • Find high-quality Solana RPC providers and check which providers are online using SolBlaze's RPC Status Dashboard! September 24, 2022
    submitted by /u/FunEarnings [link] [comments]
    /u/FunEarnings
  • Here are some easy ways to get more SOL for free! September 24, 2022
    submitted by /u/FunEarnings [link] [comments]
    /u/FunEarnings
  • looking for one or more community promotion and operation officers to join our growing team September 23, 2022
    MetaVirus is an automatic combat role-playing game that uses blockchain technology as the bottom layer of the economy. The game combines blockchain technology with a Unity engine, augmented-reality VR technology, global-positioning LBS technology, and other coding marvels that coordinate to offer eight elements to game play, including: individual identities, social interaction, low latency controls, open-world […]
    /u/Key_Lingonberry559
  • Best place to stake? September 23, 2022
    You can earn 6.2% staking on Binance.US, can you do better staking through the Phantom wallet and choosing a validator? All the commissions say like 10%, so I want sure. submitted by /u/dropdx [link] [comments]
    /u/dropdx
  • Solflare September 23, 2022
    Hi, I just looked at my Solflare Wallet and some weird activity has taken place. 4 days ago there is “+1 Raydium Alpha Tester Invitation” and then 2 days ago ‘+1 StarAtlas Anniversary’? Haven’t connected my wallet to either site. Assuming scams?? submitted by /u/Comfortable_Earth827 [link] [comments]
    /u/Comfortable_Earth827
  • Solvent Protocol AMA - Hosted by Step Finance September 23, 2022
    Gm. Recently Solvent came on for an AMA with Step Finance to discuss all the tools they offer to the Solana NFT ecosystem. Their primary use case provides users liquidity in the form of 'Droplets', which are fungible tokens that can be traded on Serum orderbooks just like any other SPL token. They also recently […]
    /u/ceagleoneism
  • anybody use their solana to stake usdh on hubble ? September 23, 2022
    submitted by /u/JayBing-20 [link] [comments]
    /u/JayBing-20
  • Weekly Summary | September 16 - September 23 - 2022 September 23, 2022
    submitted by /u/ansi09 [link] [comments]
    /u/ansi09
  • FreeCodeCamp Received A Grant From Solana Foundation To Build Interactive Web3 Courses Around Solana Ecosystem September 23, 2022
    FreeCodeCamp Received A Grant From Solana Foundation To Build Interactive Web3 Courses Around Solana Ecosystem Source: https://twitter.com/ossia/status/1572659934688604160 I'm excited to announce that we've received a grant from @SolanaFndn to build interactive Web3 courses around their ecosystem. You can run these right inside VS Code. You'll test your skills by building 5 integrated Solana projects. Blog […]
    /u/ansi09

What Is Solana ?

Solana platform, built mainly as a secure, fast and scalable decentralized blockchain that functions at fifty thousand transactions per second for decentralized apps and organizations.

Solana was designed to scale blockchain without sacrificing security and decentralization. One of the tools, Solana is deploying for the scaling solution, is a decentralized clock titled Proof-of-History (PoH).This is built to solve the problem of time in decentralized networks where such is lacking, not even a single source of time. By using Verifiable Delay Functions, Proof-of-History (PoH) allows each node to generate timestamps for usage, eliminating any form of broadcast of timestamps across the network. This improves the overall network efficiency.

Solana uses a variation of the Practical Byzantine Fault Tolerance algorithm to achieve more than 50,000 transactions per second. The aim of Solana is to have a network, at-least as fast as a single node. This architecture eliminates bandwidth bottlenecks that often reduce scalability on other chains.

Solana partnered with FTX’s Serum to launch “Wormhole”- a decentralized bridge for Ethereum ERC-20 tokens. Wormhole will allow users to transfer value between different blockchains.

Features of Solana

  • Proof of History-this guarantees Speed.
  • Scaling Without Sharding
  • Distributed Web Services and Storage

Solana Team

The team is made up of highly experienced professionals who are so dedicated and passionate about Solana project.

The team is led by Anatoly Yakovenko – CEO and the founder. Anatoly led the development of operating systems at Qualcomm, compression at Dropbox and distributed systems at Mesosphere.

Other members of the team include:

Greg Fitzgerald –he is the CTO

Raj Gokal-he is the COO

Eric Williams, PhD –he is the Chief Scientist

Use Cases of Solana (SOL)

  • Solana (SOL) is used for staking & validation,
  • Solana (SOL) tokens are used for direct peer-to-peer trading between cryptocurrencies.
  • Solana (SOL) token is used as the exchange value that powers the network.
  • Solana (SOL) is used as a timestamp across multiple blockchains.

Mining of Solana (SOL)

Solana uses Proof-of-Stake (PoS) consensus mechanism to mine. Validators run the network and process transactions. Remember, these validators are chosen based on the amount of stakes, they staked in the network. The highest validators are mostly chosen to input transactions on the blockchain and when they do such, they earn tokens. Sometimes, validators allocate their slots to delegators (stakers who couldn’t make the validators’ list) in other to earn more from delegators.

Holding SOL tokens can also be a fine way to earn as the unit price of SOL token is appreciating.

SOL tokens are available at the major exchanges such as Binance, FTX, OKEx, Hoo, MXC.COM etc.

 

Notes for Investors

Solana (SOL) is one of the high scaling decentralized blockchains presently. The steady rise of the token is a reflection of its technological innovations in the blockchain industry. Solana (SOL) assembled highly skilled professionals in the blockchain sphere to make their project, problem solving.

Presently, the unit price of Solana (SOL) is $1.85 USD (+31.00%) while the market cap is $85,057,396 USD; the circulating supply is 45,883,527 SOL and presently ranked 99th in the cryptocurrency market.

Solana (SOL) will never be considered a bad investment option when considering the above statistics.

Quick Disclaimer

This report is not in anyway, recommending Solana (SOL for investment. The crypto market is presently unstable and unpredictable. Please, consider this publication informational, just to educate the public.