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Bitcoin News / Bitcoinist - 2 years ago

Solana Is Winning The Energy-Efficiency Race But Ethereum “Is Too Large To Ignore”

One developer, “0xIchigo,” behind Helius, a software company developing infrastructure for users to build on Solana, thinks Solana is winning the energy efficiency race. However, competing platforms, especially Ethereum, are here to stay....

Cryptocoins News / CoinJournal - 2 years ago

LDO token takes a hit after Lido DAO votes to end liquid staking on Solana

Lido DAO sunsets Solana project due to financial issues, backed by 92% community vote. P2P team considered $1.5M funding or Solana exit due to $484,000 losses. Solana staking to be halted by February 2024. In a decisive move, Lido DAO has chosen to...

Cryptocoins News / Blockchain  - 2 years ago

Lido Finance Halts Operations on Solana Following Community Consensus

Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite...

Cryptocoins News / Blockchain  - 2 years ago

Solana Foundation Offers $400k Bounty for Critical Code Discovery

Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation's endeavor to ensure robust network security. (Read More)

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Solana wind down ‘deemed a necessity’ after low fees, says Lido Finance

Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting. Decentralized liquid staking protocol Lido Finance...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Lido on Solana wind down ‘deemed a necessity’ after low fees, says staking firm

Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting. Decentralized liquid staking protocol Lido Finance...

Cryptocoins News / Blockchain  - 2 years ago

Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai

The strategic partnership between Solana Foundation and DMCC Crypto Centre marks a significant milestone towards fostering a thriving Web3 ecosystem in Dubai. By offering technical and business development support, alongside educational initiatives,...

Bitcoin News / Bitcoinist - 2 years ago

Solana Marks Its Territory In Dubai With Major Free-Trade Zone Partnership

The Solana Foundation, the nonprofit organization behind one of the leading blockchain platforms globally, has officially announced its partnership with the Dubai Multi Commodities Centre (DMCC) Crypto Centre, the centerpiece of Dubai’s flouris...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Solana becomes ecosystem partner of Dubai free zone

The Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre, one of the free economic zones within the UAE. The Solana Foundation has...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

FTX estate stakes 5.5M Solana coins

The coins staked are worth $122 million and represent a small fraction of FTX’s holdings of Solana. The FTX estate seems bullish on Solana (SOL), as it staked over 5.5...