Tag: Solana

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Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

February 28, 2023

Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project…
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Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns

February 26, 2023

The Solana smart contract token network experienced a technical glitch on Saturday, February 25, 2023, known as a “large forking event,” causing transaction failures for some users. Solana’s incident report referred to it as “cluster instability” and indicated that a coordinated restart was launched to accelerate block finalization. Solana Blockchain Deals With ‘Large Forking Event’…
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Solana faces slowdown in block production, network restarted

February 25, 2023

The issue is linked to the recent network upgrade from 1.13 to 1.14, which slowed block finalization. Solana network faced a slowdown in block production on Fev. 25 following the upgrade in the validator software. The incident resulted in disruptions to transactions and led validators to downgrade the software in an attempt to restore network…
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Price analysis 2/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

February 25, 2023

Strong inflation data has pulled Bitcoin and select altcoins below their immediate support levels, signaling a few days of corrective action. Bitcoin is struggling to stay above $23,000 as the weekend approaches. The selling pressure increased after the personal consumption expenditures excluding food and energy rose 0.6% in January and 4.7% over the year, above…
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Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility

February 24, 2023

Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to…
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NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales

February 24, 2023

Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club Lead NFT Sales Surge While crypto asset…
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Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability

February 24, 2023

Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge…
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Blockchain Security Firm PeckShield Uncovers New Crypto Scam That Pretends To Be Affiliated With ChatGPT

February 23, 2023

Blockchain security firm PeckShield has found a number of scam tokens looking to profit from the ChatGPT AI chatbot craze.  PeckShield tweeted on Tuesday that,  “[It] detected dozens of newly created BingChatGPT tokens, of which 3 appear to be honeypots & 2 have high sell tax.”… Read More: Blockchain Security Firm PeckShield Uncovers New Crypto…
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Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower

February 22, 2023

Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%. Litecoin (LTC) Litecoin (LTC) ended a four-day losing streak on Wednesday,…
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Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

February 20, 2023

Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback. Core Helium Devs…
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