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Bitcoin News / Bitcoinist - 1 year ago

Solana Rolls Out First Mainnet Update To Tackle Congestion Issues

In a move to address its congestion issues, Solana has launched a new update to its validator client software, as announced by Anza, a spinoff from Solana Labs. The update, version 1.17.31, has been released to counter the problems caused by spam tra...

Bitcoin News / Bitcoin.com - 1 year ago

Solana Developers Test Congestion Fixes in Testnet, Introduce Measures to Prioritize Traffic

Anza, a collective of developers focused on the Solana blockchain, has produced a fix that aims to reduce the congestion that the network has been experiencing. The new version of Solana, now being tried in testnet, includes a feature called stake-we...

Bitcoin News / Bitcoinist - 1 year ago

Solana Lender Drama Deepens: $250 Million Outflow After Founder Quits

Solana continues to be on the news, this time due to some projects based on the chain having a dispute. Solana-based lending and borrowing protocol MarginFi has recently been “beefing” with Solend, another lending protocol, and SolBlaze, a liquid sta...

Cryptocoins News / CoinJournal - 1 year ago

New Solana memecoin, BabyMona, launched as long-awaited successor to MonaCoin

In a surprise announcement on their official X (Twitter) account, the team behind BabyMona, the long-awaited successor to the legacy of MonaCoin (the “Japanese Dogecoin” and second-oldest memecoin), has declared the arrival of $BYMONA. Pl...

Cryptocoins News / Blockchain  - 1 year ago

Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions

Solana validators have approved a proposal called "Timely Vote Credits" to reduce consensus vote latency and incentivize timely votes, potentially speeding up blockchain transactions, before implementing the mechanism. (Read More)

Cryptocoins News / CoinJournal - 1 year ago

Slothana Meme Presale Raises Over $10 Million in 2 Weeks Amid Solana Network Congestion

London, United Kingdom, April 9th, 2024, Chainwire The newly emerging Solana-based meme coin Slothana ($SLOTH) continues to gain traction and raises over $10 million in thirteen days, becoming one of the biggest ongoing Solana presale. The milestone...

Cryptocoins News / CoinJournal - 1 year ago

Zeta Markets unveils governance token and Solana’s first L2 scaling solution

Zeta Markets is among the top decentralized exchanges built on Solana. Zeta Markets plans to distribute 100 million Z tokens to Solana community members. Zeta Markets has also unveiled plans for the first Layer 2 scaling solution. Solana-based dece...

Cryptocoins News / CoinJournal - 1 year ago

Solana devs target April 15 to fix failed transactions bug

Solana developers target TX bug fix, with a patch expected on April 15. Helius Labs CEO says issues are a result of “an implementation bug, not design flaw.” Solana developers are reportedly targeting April 15 as the date to implement a...

Bitcoin News / Bitcoinist - 1 year ago

Solana Devs Set Sights On April 15 To Fix Network Congestion

Solana developers are gearing up for a crucial update scheduled for April 15 aimed at resolving the pressing issue of network congestion. This move comes in the wake of transaction failures skyrocketing due to an “implementation bug” as e...

Bitcoin News / Bitcoinist - 1 year ago

Paradigm Shift: Hard Data Shows Billions Flowing Into Solana, Ethereum Bleeding

If recent on-chain data is anything to go by, then there is a paradigm shift among investors. According to the Real Time Money Flow (RTMF) shared by one analyst on X, capital is moving away from Ethereum and the BNB Chain. On the other hand, other c...

Cryptocoins News / CoinJournal - 1 year ago

Velo and Solana partner to establish a clearing house for Laos’ Digital Gold

This strategic initiative aims to expand Laos’ Digital Gold user base. Solana will act as the blockchain settlement layer. Velo will be responsible for securely validating transactions. Velo and the Solana Foundation have signed a Memorandum...

Bitcoin News / Bitcoin.com - 1 year ago

Solana Developers Rush to Address Network Congestion; Operativity Remains Impaired

Anza, a collective of Solana-focused developers, has announced the measures it is taking to mitigate the congestion issues the network has been facing. Anza stated that it has made significant progress in tackling these problems and hopes to release...

Cryptocoins News / Blockchain  - 1 year ago

Sullivan and Cromwell's Sale of Solana (SOL) at a Massive Discount Raises Concerns among FTX Creditors

The recent sale of 2/3 of $2.6 billion worth of Solana tokens by law firm Sullivan and Cromwell at a significant discount has sparked controversy. FTX Creditor Champion, Sunil, expressed concerns about the impact on FTX creditors, while others questi...