SOL

In a recent Twitter post, global cloud service provider Google Cloud revealed an integration with the Solana blockchain network.  The tweet, addressed to Solana co-founder Anatoly Yakovenko began: “Should we tell our followers the big news?” https://twitter.com/googlecloud/status/1588912775291609093?s=20&t=RMi6Zv8Bh8PgTolVuYEgQA Solana’s Latest Validator The platform followed the tweet with another one hour later, explaining exactly what they had accomplished. It appears Google Cloud now plays a key role in the Solana network. The follow-up post announced: Now that we got your attention... check…

On Friday and in the early hours of Saturday, the Solana network experienced yet another outage, frustrating thousands of Solana users. The recent event is the second major downtime the network has suffered since January this year when it experienced a slew of partial outages. It took some hours for the network devs to resolve the issue which notably caused the network’s native token to slip 6%.  Solana Validators Restart the Network Mainnet Solana first called attention to the outage…

California resident Mark Young has filed a class-action lawsuit against big players in the Solana ecosystem and Multicoin Capital. Young filed the complaint in the US District Court for the Northern District of California in the past week. He claims several Solana parties illegally profited from the sale of Solana (SOL), the native token of the Solana blockchain. The filing names Solana Labs, the Solana Foundation, Solana co-founder Anatoly Yakovenko, crypto VC giant Multicoin Capital, Multicoin co-founder Kyle Samani, and…

Solana blockchain marked the new month of June with network downtime. The open-source blockchain platform announced this through a Twitter thread. The thread began: Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord.”  While Solana users blamed 5 NFT drops for the crash, Solana attributed the downtime to a bug that prevented the network from advancing. However, the Solana team assured users about the safety of the network and their…

In recent days, the Solana network has registered another outage linked to the congestion of its network. It is not the first time the system has suffered from these problems, and the market is starting to worry. Today we will better understand the problem of network congestion, starting from the functioning of Solana Mainnet Beta. Solana is not the first blockchain to find itself in this situation, but the market hopes that newer systems will solve this problem. About Solana…

Former hedge fund manager Raoul Pal said that Ethereum could finish the year above $10,000. However, he also thinks that there is a “decent chance” of “flipping” – referring to Ethereum becoming the most significant crypto by market cap, removing Bitcoin from first place. Moreover, he thinks that Ethereum’s competitors will do even better. Raul Pal is a former Goldman Sachs executive and co-manager or GLG, a London-based global macro hedge fund. He has since retired from his position and started…

SOL has been one of the standout performers in the crypto industry for the past few weeks. The coin gave many investors a haven, especially when the market started to go sideways. Most coin prices were taking a beating, but SOL stood firm. There is no doubt that the SOL resurgence has been impressive. The coin’s performance over the past few weeks has been incredibly inspiring. But, unfortunately, you often see a large-cap coin standing firm even when the entire market is…

Solana, a smart contract center, has been the talk of the crypto world for about a month now. Its value increased nearly 7 times between August and September, from merely $30 to over $200. Those excellent moves in the coin and network show that the blockchain is heading to greatness. Nonetheless, the cryptocurrency has seen its value plummet from the recent ATH to values below $150. Analysts are still discussing whether the crypto's price action signals a pump and dump…

The CEO and co-founder at Solana Labs, Anatoly Yakovenko, addressed how Solana has taken up crypto space. Anatoly shared some specifics about the project in an interview at the SALT conference 2021. Solana's Achieved improvements The CEO reported that the project's sole focus is on improving transactional speed to ensure scalability for its users. To achieve this, Yakovenko stated that Solana sought out a third-party host. He mentioned that SOL hit 200,000 transactions per second. The third-party validators ensure higher capacity for crypto…