The History of Solana Crypto Explore

BY: Sandeep Bishnoi

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Birth of a Scalable Dream (2017)


– Anatoly Yakovenko, a Qualcomm engineer, envisions a faster, more efficient blockchain.

From Loom to Solana (2018)

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– Loom Network emerges, creating confusion with the similar Loom name.

Mainnet Ignition (March 2020)

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– The official Solana blockchain launches, boasting unique architecture.

NFT Boom and DeFi Explosion (2021)

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– Solana gains traction with the rise of non-fungible tokens (NFTs).

The Summer of Solana (2021)

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– Solana Labs raises $314 million from Andreessen Horowitz and Polychain Capital.

Network Outages and Challenges (2021-2022)

– The crypto market crash in May 2022 hits Solana hard, with SOL dropping below $50.

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Rebuilding and Innovation (2023-2024)

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– Solana Foundation focuses on scalability solutions and network upgrades.

The Future of Solana: Decentralization Reimagined

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– Solana aims to become the go-to platform for Web3 applications.

Article credite:- google bard

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