Blockchain News

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

Coins Legend February 28, 2023 0

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

Blockchain News

Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors

Coins Legend February 27, 2023 0

A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains following all compliance rules set […]

Blockchain News

Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns

Coins Legend February 25, 2023 0

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

Blockchain News

JPMorgan to Open Blockchain Innovation Lab in Greece

Coins Legend February 25, 2023 0

Financial giant JPMorgan has announced it will open a new blockchain innovation lab in Greece. The lab will be focused on the development of applications on top of Onyx, the blockchain platform launched by the bank in 2020, and on digital identity solutions. JPMorgan to Push Blockchain Development in New Innovation Lab JPMorgan, the investment […]

Blockchain News

Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon

Coins Legend February 25, 2023 0

Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips. Chain Reaction Raises $70 Million in […]

Blockchain News

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility

Coins Legend February 24, 2023 0

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

Blockchain News

Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability

Coins Legend February 23, 2023 0

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

Blockchain News

Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution

Coins Legend February 21, 2023 0

Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which are then leased to institutions such as schools and hospitals. Momint […]

Blockchain News

Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

Coins Legend February 20, 2023 0

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 […]

Bitcoin Blockchain News

Ordinal Inscription Collections on Bitcoin Blockchain Grow as Creators Monetize Art

Coins Legend February 20, 2023 0

With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there are now numerous collections as creators and artists have found a new way to monetize their artworks via blockchain technology. In the past month, people have launched collections such as Ordinal Punks, Ordinal Penguins, Bitcoin Shrooms, Inscribed Pepe, Planetary Ordinals, Based Apes, Satoshi