CryptoX – Cryptocurrency Analysis and News Portal Inside the mtnDAO: Solana Devs Gather for a Month-Long Utah Retreat Source The post Inside the mtnDAO: Solana Devs Gather for a Month-Long Utah Retreat appeared first on CryptoX. CryptoX Portal
Solana suffered multiple well-documented (and excoriated) network outages in 2022 and 2021, some of which were driven by bots pummeling one corner of the blockchain simultaneously. In one such outage, in September 2021, bots crowded a token sale on exchange Raydium with more transactions than Solana could handle. Solana basically broke, going offline for 17 hours – an eon in 24/7 cryptocurrency markets. Source
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 Improve Blockchain Efficiency On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new…
Base is built on Optimism and Coinbase has no plans to issue a new network token. Source link
The fundamental value proposition of the Solana protocol persists from a technical perspective, the report said. Source
Though the initiative by Solana Spaces was creative and path-breaking, it was short-lived. Solana Spaces, a physical retail, educational, and community space dedicated to Web3, will close its outlets by the end of the month. The company used storefronts in New York City and Miami to promote the adoption of its Solana blockchain and is all set to shut down its locations. According to the company representatives, the startup had reached a divergence point and now wants to switch from the brick-and-mortar experiences to the buzzing world of Non-Fungible Tokens…
Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn’t onboard as many users as it initially anticipated. Solana Spaces tweeted the news on Feb. 21 sharing a note from its founder, Vibhu Norby, explaining the reasons behind the store shutdowns. The following is a note from our founder, @vibhu. Dear @solanaspaces community, We’ve made the difficult decision to sunset our stores in NYC and Miami by the end of February,…
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 Reveal Network Migration Date to Move to Solana The Helium Network, a chain dedicated to the internet of things (IoT), plans to migrate with the Solana blockchain network, according to a blog post published by…
With the recent Solana (SOL) price pump a staggering $5.86 million worth of Solana futures positions was liquidated over the last 24 hours. Solana bulls are clearly in action once again as SOL price has jumped by 12% in the last 24 hours and is currently trading at $26.4 with a market cap of $9.9 billion. Currently, SOL is the largest gainer among the top 50 cryptocurrencies by market cap. With today’s price surge, SOL has extended its weekly gains to more than 21% and is now the 11th largest…
This upgrade will encompass all wallets, Hotspots, and Helium Network state, and will take place over a 24-hour transition period on the decided date. Source link