March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Solana (SOL)
Solana is as a fourth Generation cryptocurrency project looking to overtake Bitcoin, Ethereum and Cardano.
Price:
$13.71
Mkt Cap:
$5,069,350,978
View Coin Page
Project Fundamentals
- Solana (SOL) is a fourth-generation platform that provides a foundation for decentralized applications (DApps).
- Its whitepaper was launched in 2017 and utilizes a Proof-of-Stake (PoS) protocol that aims to achieve scalability without compromising security.
- The native token of Solana is the SOL token which has no maximum supply.
- Solana Boasts a number of unique characteristics including a Proof of History consensus mechanisms, tower byzantine fault tolerance and the turbine propagation protocol.
Partnerships / Implementation
- Solana prides itself as the fastest blockchain boasting more than 4.9 million unique SOL wallets
- Circle, the founders of USDC, has in October 2020 announced the immediate availability of USDC for Solana, to be known as USDC-SPL.
- For example, Cryptocurrency derivatives platform FTX provides a decentralized exchange on Solana called Serum. According to FTX’s Sam Bankman-Fried Solana could become the next Ethereum due to its comprehensive plan to accommodate mass adoption.
Roadmap and Announcements
- Currently, a variety of popular Dapp’s exist on Solana, including O3 Swap (cross-chain aggregation protocol), Aware (decentralized data storage) and Oxygen (Defi prime brokerage protocol).
- In December 2021, NBA legend Michael Jordan launched a fan engagement platform called HEIR on Solana, betting big on Web3
- Solana is set to benefit from continue growth in Decentralised Finance the metaverse and the broader crypto market.
- In mid 2022 Solana announced the future launch of the Solana mobile phone with a focus on integrating blockchain and Web 3.
- In August 2022 Copper.co announced it would provide De-Fi custodianship allowing connectivity to Solana.
- In September 2022 Firelocks announced that it will support De-Fi on Solana.
- In September 2022 Helium voted to make Solana its native network with with 80% of voters in favour.
Technical Analysis
More Bright Ideas
February 27, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 24, 2023
Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
February 22, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 21, 2023
Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
