Tuesday , January 31 2023
Home / Tag Archives: solana

Tag Archives: solana

What is SOL?

ETH alternative: Why SOL is getting attention? Solana is a blockchain platform that includes proof of history (PoH) technology to improve speed without sacrificing security. Because of its PoH technology, Solana is one of the fastest blockchains available, with an average processing speed of 2’700 transactions per second. The native cryptocurrency of the Solana network is the SOL token, which is currently in the top ten of all cryptocurrencies for...

Read More »

Solana Praised Again By Buterin, Price Surges 10%

Not long ago, Live Bitcoin News published an article talking about how poorly the Solana cryptocurrency was doing. The asset was crashing and burning likely due to its ties to the now fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried, and while things aren’t fully looking up for the currency just yet, it’s garnering a heavy load of support from crypto developers such as Vitalik Buterin, the co-creator of popular crypto network Ethereum. Solana...

Read More »

Ethereum and Cardano Record Highest Level of Developer Activity in 2022: DappRadar

Ethereum and Cardano have always been at loggerheads. The two blockchain network’s development activity has been pitted against each other even before the former’s transition to Proof-of-Stake (PoS). Needless to say, Ethereum and Cardano went on to become the blockchains with the most active developers in 2022, with 223 and 151 average daily devs throughout the year. According to the latest report by DappRadar, Ethereum saw the smallest decrease of 9.37% in active developers...

Read More »

Solana Keeps on Crumbling Due to FTX Ties

Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Fried. Solana Isn’t Doing Too Well FTX is currently in the process of filing bankruptcy. Sam Bankman-Fried is accused of lending out approximately $10 billion in user funds to his other company Alameda Research, which was supposed to be a separate and independent entity from...

Read More »

Solana Foundation Run RPCs Go Offline, Exec Weighs In

Solana Foundation’s Remote Procedure Call (RPC) endpoints went offline on January 8th as a result of a bug in the Validator client’s test release 1.14. According to an update by Solana Status, the bug affected those nodes that adopted the latest test release and advised those operating on the node to change over to 1.13. RPC endpoints are essentially the nodes that connect decentralized applications (DApps) and wallets to the blockchain. The incident, however, did not impact...

Read More »

Devs of Bonk Inu Burned All Their Initially Allocated Tokens

The development team behind the Solana-based memecoin project – Bonk Inu (BONK) – has revealed burning over 5 trillion tokens, or 5% of the total supply. The blockchain data confirmed the process, which saw nearly $1 million worth of BONK removed from circulation. As a result, BONK’s circulating supply declined by 5% to 94.16 trillion. Updating the same, the devs tweeted, “BONK represents the best of Solana. Our community is working together across the ecosystem to make...

Read More »

Magic Eden to Reimburse Users Tricked into Buying Counterfeit NFTs

Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features – Snappy Marketplace and Pro Trade tools. As a result, unverified NFTs were listed in these two tools. More technically, the newly deployed “activity indexer” failed to detect dupe NFTs. Instead, the bug...

Read More »