Solana

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Solana Information


What is Solana Solana is a high-performance cryptocurrency blockchain which supports smart contracts and decentralized applications. It uses a proof of stake consensus mechanism with a low barrier to entry along with timestamped transactions to maximize efficiency.This allows Solana to process 50-65 000 transactions per second with a theoretical limit of over 700 00 transactions per second (compared to Bitcoin’s 7 TPS and Ethereum’s 15 TPS). In contrast to other similar projects such as Polkadot.The team at Solana has designed their blockchain with a long-term vision in mind. This comes from founder Anatoly Yakovenko’s own experience watching telecommunications technologies almost double in capability every year during his time at Qualcomm.Solana is developed by a company of the same name which is based in San Diego, California. The Solana team consists of former Qualcomm, Google, Apple, Microsoft, and Dropbox employees. In addition to being based on similar database technologies used by Google and Microsoft, Solana’s architecture is also inspired by Filecoin, a decentralized data storage cryptocurrency project.How does Solana Work?Disclaimer: Solana is incredibly complex. Start with a term you may have heard if you have looked at the project before: Proof of History (PoH). PoH is not a consensus mechanism. Rather, it is a component in Solana’s Proof of Stake consensus. PoH involves timestamping transactions when they are added to a Solana block. A new block on Solana is generated every 400ms (compared to Ethereum’s roughly 15 seconds and Bitcoin’s 10 minutes).Without getting into too much detail, the decentralized clock which is used as reference for the timestamps is the SHA256 hash function. SHA256 may sound familiar because it is used in Bitcoin’s Proof of Work consensus mechanism. However, instead of working to “solve” the hash functions to produce a new block, Solana instead uses SHA256’s repetitive outputs as reference – timestamps. This produces a sort of “clock tick” where each clock tick is 400ms (instead of one second like a regular clock). 

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USDT Market Price Change (24H) Market Cap Last 7 Days
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0.02998 $ 0 % 8.59 Million $
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274 days or roughly nine months ago the crypto economy was worth 2.34 trillion and at 967 billion the aggregate value of all 13192 crypto assets is 1.48 trillion less. Most of the top digital currencies tapped an alltime price high in November 2021 and today a great majority of the top crypto assets are down between 70 to 90 in value against the U.S. dollar.9 Out of 12 Crypto Assets Have Lost Sign

Weekend Watch: Terra Classic (LUNC) Soars 20% Cryptopotato.com 19 hours ago

Bitcoins weekend continues to be rather uneventful as the asset has settled at around 19000.Most altcoins are also quite calm today with minor daily losses. LUNC on the other hand keeps rising following another doubledigit price increase.Bitcoin Boring at 19KThe primary cryptocurrency had a quiet week unlike the previous one. Last weekend saw the asset trade around 19000 something that didnt reall

PRESS RELEASE 8211 Please Read DisclaimerOn Sept. 28 during the Token2049 event in Singapore MEXC Exchange officially announced at the MEXC afterparty MampM Launcher that its fund was officially upgraded to MVentures and a new management team. The upgraded MVentures is a comprehensive fund committed to empowering innovations in the cryptocurrency field via strategic investment mergers and acquisit

A firstofitskind study published by the Basel Committee on Banking Supervision details that the worlds largest financial institutions are exposed to roughly x20AC9.4 billion US9 billion in crypto assets. The research paper authored by the Basel Committees secretariat Renzo Corrias further explains that out of all the banks total risk exposure cryptocurrency exposure is estimated to be around 0.01

The proofofstake PoS blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year and the blockchains latest downtime caused the networks native currency to slide 4 lower against the U.S. dollar in the last 24 hours.Solanas Blockchain Deals With

The Solana blockchain experienced yet another outage late on Friday but its back online after getting restarted.The protocols native cryptocurrency dropped by 6 daily as a consequence of the latest network outage.The Solana Status Twitter page informed late last night about the network issues as it stopped processing transactions.Shortly after Stakewiz 8211 an entity operating a validator node on

Bitcoin tried its hand at taking down 20000 yesterday once again but just like it happened earlier this week it was stopped and dropped by almost 1000.Most largercap altcoins are slightly in the red now while there are some gains from the midcap ones.Bitcoin Rejected at 20K Once MoreBitcoin had a significantly less volatile week than the previous one when the US Federal Reserves actions pushed it

The biggest news in the cryptosphere for Sept. 30 includes a court ruling in favor of Ripple against the SEC for the Hinman document Bitcoin decoupling from SampP500 amid macro turmoil and Crypto influencer Lark Davis denying ZachXBTs accusations.CryptoSlate Top StoriesJudge rules in favor of Ripple against SEC in Hinman document caseThe SECs motion to avoid submitting the Hinman document for exam

The biggest news in the cryptosphere for Sept. 30 includes a court ruling in favor of Ripple against the SEC for the Hinman document Bitcoin decoupling from the SampP 500 amid macro turmoil and Crypto influencer Lark Davis denying ZachXBTs accusations.CryptoSlate Top StoriesJudge rules in favor of Ripple against SEC in Hinman document caseThe SECs motion to avoid submitting the Hinman document for