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

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

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

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 […]

Altcoins

Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App

Coins Legend August 4, 2022 0

Following the Solana wallet attack, the Solana Status team updated the public and detailed that the wallet addresses affected by the breach were tied to Slope mobile wallet applications. The team further stressed that “there is no evidence the Solana protocol or its cryptography was compromised.” Solana Status Report Says Affected Addresses Were at One […]

Altcoins

Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised

Coins Legend August 3, 2022 0

The Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.” Solana Investigates Massive Wallet Exploit, Root Cause of the Hack […]

Market updates

BNB Was the Top Ten’s Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst

Coins Legend July 23, 2022 0

With the first half of the year gone, statistics from the second quarter of 2022 indicate that the crypto economy has tumbled significantly in value, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value during the past three months. Q2 data further shows that binance coin managed […]

Altcoins

Finder’s Crypto Experts Predict Solana Rising to $512 by 2030

Coins Legend July 23, 2022 0

A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees,” one of […]

News

Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL

Coins Legend July 7, 2022 0

Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million in Crypto to Crema […]

Market updates

Biggest Movers: AVAX, SOL Slip by 14% on Wednesday, as Prices Near 1-Week Low

Coins Legend June 29, 2022 0

SOL was down by as much as 14% on Wednesday, as prices fell close to a one-week low earlier today. In addition to this, AVAX saw a similar decline, as the token dropped for a fourth consecutive session, with prices moving below $20. Solana (SOL) SOL was lower in today’s session, as prices fell for […]