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Solana News
Hackernoon
2w
108
Image Credit: Hackernoon
No Waiting, No Mempool: How Solana Moves Crypto at Lightning Speed
- A Solana transaction consists of cryptographically signed instructions from accounts, updating the network.
- The structure of a Solana transaction includes signatures and a message containing the list of transactions to be processed.
- Solana maintains a maximum transmission unit (MTU) size of 1280 bytes for fast and reliable data transmission.
- Each Solana transaction requires 64 bytes for each signature and varying bytes based on transaction requirements for messages.
- The message header in a Solana transaction consists of three u8 integers that specify various transaction details.
- Recent Blockhash in Solana transactions prevents duplicated or stale transactions and ensures transaction order.
- Instructions within a Solana transaction contain program IDs, account address indexes, and data specific to the program.
- Solana transactions are processed quickly as the network uses a hybrid structure, allowing accounts to store data and executable code.
- RPC servers in Solana entry points relay signed transactions to leaders for validation and transaction sequencing.
- The Solana network uses various stages to process transactions efficiently, ensuring secure delivery and parallel processing.
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TechBullion
2w
38
Image Credit: TechBullion
Market Shift: Solana Holders Flock to SKYRN Amid Crypto Downturn
- Solana holders are flocking to Skyren DAO (SKYRN) amid the crypto downturn.
- Solana is facing sell pressure, declining staking yields, and network instability, leading holders to seek better DeFi opportunities.
- Skyren DAO offers high APY staking, automated airdrop system, and AI-powered governance, attracting SOL holders looking for passive income.
- With Solana's price down, falling staking rewards, and network concerns, Skyren DAO presents an attractive risk-reward play in DeFi.
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TheNewsCrypto
2w
419
Image Credit: TheNewsCrypto
Altcoins Face Bearish Pressure: Dogecoin, Solana and XRP Struggles for Recovery
- Dogecoin (DOGE) confirms a death cross, struggles above 0.14, risks dropping to 0.12 or 0.10.
- Solana (SOL) faces further declines with the death cross after losing 150 support.
- XRP attempts recovery, but key resistance at 2.57 must be broken for bullish momentum.
- Dogecoin and Solana face strong bearish pressure, while XRP struggles to break key resistance.
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25 Likes
TheNewsCrypto
2w
233
Image Credit: TheNewsCrypto
Solana SIMD-228 Proposal to Cut Inflation Rate Fails to Pass
- The SIMD-228 proposal to reform the inflation rate failed to pass in the voting system.
- Around 61.4% of the Solana community voted against the proposal, falling short of the required 66.67% to pass.
- The proposal aimed to introduce a dynamic inflation system based on staking participation, reducing inflation by 80%.
- Despite the rejection, the Solana voting system is receiving attention as a significant milestone for crypto governance.
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14 Likes
Bravenewcoin
2w
372
Image Credit: Bravenewcoin
Franklin Templeton Makes History with Solana ETF Filing After XRP Application
- Asset management giant Franklin Templeton has submitted a filing for a Solana ETF, just one day after submitting an application for an XRP ETF.
- The filing aims to list and trade shares of the proposed Solana ETF on the Chicago Board Options Exchange.
- The Solana ETF is designed to track the market price of the cryptocurrency and includes a request to allow staking of the fund's underlying SOL to earn additional rewards.
- Franklin Templeton's dual filing for Solana and XRP ETFs reflects its strategic embrace of the evolving crypto market and signifies growing recognition of digital assets within traditional finance.
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22 Likes
Crypto-News-Flash
2w
277
Image Credit: Crypto-News-Flash
Can Solana Reach $500 in 2025? Key Factors to Watch for SOL
- Solana's price has experienced a decline and is currently trading 56.8% below its all-time high.
- Despite the recent drop, CoinCodex predicts that SOL could reach $500 in 2025.
- Key factors to watch for Solana's price trajectory include regulatory developments, competition from other blockchains, and market adoption and institutional interest.
- Regulatory clarity and the success of Solana in differentiating itself from Ethereum are important factors for its future performance.
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16 Likes
Newsbtc
2w
149
Image Credit: Newsbtc
Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto
- The Solana price is predicted to correct to $90, resulting in a 26% decline.
- The cryptocurrency has experienced a slow momentum due to the ongoing market letdown.
- Analyst MadWhale suggests that Solana is in a Descending Channel, indicating a sustained downtrend.
- Solana's market sentiment is switching to fear, with the Fear and Greed index at 34.
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8 Likes
TronWeekly
2w
91
Image Credit: TronWeekly
Alameda’s $23M SOL Unstaking Sparks Selloff Fears as Solana Nears Death Cross
- Alameda Research has unstaked $23 million worth of Solana (SOL), raising concerns of a potential selloff.
- The funds were distributed to multiple addresses linked to FTX and Alameda, intensifying fears of market pressure.
- Solana is nearing a death cross, with past occurrences leading to significant price declines.
- Solana's price has remained relatively stable despite the movement of funds, trading at $125.47, down 15% over the past week.
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5 Likes
Hackernoon
2w
156
Image Credit: Hackernoon
Solana’s Block Propagation Problem Was Huge—Here’s How They Fixed It
- Block propagation is a key process in blockchain networks, but traditional methods face scalability challenges as networks grow in size.
- Solana addressed slow block dissemination by introducing Turbine, a multi-layer mechanism that breaks blocks into smaller parts for more efficient distribution.
- Turbine, inspired by BitTorrent, optimizes streaming by using data chunking and UDP transmission for latency benefits.
- Erasure coding with Reed-Solomon is applied to shreds in Turbine to protect against data loss and ensure data availability.
- Shreds, as atomic units, are sent between validators, enabling swift and efficient block data distribution in Solana.
- Confirmed blocks have the supermajority of ledger votes, while finalized blocks are confirmed with 31+ built on top.
- Turbine Tree, a structured network topology, aids in propagating shreds through a 2- or 3-hop tree to inform validators of the latest state.
- Nodes may resort to gossip and repair in case of missing shreds or loss exceeding the FEC rate to ensure efficient data transmission.
- Solana uses a dynamic FEC rate to adapt to network conditions and reduce the impact of network-wide packet loss during block propagation.
- Turbine's approach enhances Solana's ability to maintain high throughput and network security while efficiently disseminating block data.
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9 Likes
Hackernoon
2w
411
Image Credit: Hackernoon
Why Solana’s Consensus System is Both Genius and a Hardware Hog
- Consensus mechanisms ensure all participants in a blockchain network agree on one source of truth for reliability and security.
- Solana's Proof of History (PoH) precedes reaching consensus by establishing a verifiable order of events with cryptographic timestamps.
- PoH allows parallel transaction processing, reducing confirmation time and promoting high throughput in Solana.
- The use of Verifiable Delay Functions in Solana adds security by making transaction alteration resource-intensive and enhancing network transparency.
- While PoH enhances scalability, it also increases complexity and resource-intensiveness, raising the bar for validators and making Solana hardware-intensive.
- Solana's high hardware requirements raise questions about whether computing advancements will lower barriers to entry or if demand for high performance will persist.
- Moore’s Law and the Jevons Paradox play a role in Solana's hardware demands, suggesting that greater efficiency may lead to increased overall computational demand.
- Alternative solutions to PoH propose leveraging relative block times rather than fixed absolute times for future slots, ensuring block order without explicit delay computations.
- Advancements in hardware and client software will enable Solana to process more transactions efficiently, but increased efficiency may drive higher computational demands.
- Optimizations in Solana's execution layer may further decrease block propagation times, enhancing network performance.
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24 Likes
Hackernoon
2w
307
Image Credit: Hackernoon
Solana’s Secret to Staying Fast? A Blockchain Gossip Network
- Solana uses a peer-to-peer gossip protocol based on the Plumtree algorithm, allowing decentralized communication between nodes to propagate state changes efficiently across the network without relying on a central source.
- Every 0.1 seconds, Solana nodes exchange "push" and "pull" messages, ensuring continuous and up-to-date information sharing to maintain rapid data dissemination and synchronization across the network.
- The gossip protocol consists of four main message types—Push, Pull, Prune, and Ping/Pong—that help distribute data, request missing information, manage node connections, and check node vitality.
- Gossip data is stored in a Cluster Replicated Data Store (CrdsTable), which is continuously updated with incremental updates to the network's state, ensuring data availability and synchronization among nodes.
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Hackernoon
2w
156
Image Credit: Hackernoon
Lost Blockchain Data? Solana Has a Fix for That
- Solana utilizes the Reed-Solomon Erasure Coding Scheme for data recovery in its blockchain.
- Reed-Solomon Erasure Coding Scheme uses a polynomial-based error detection and correction scheme to recover corrupted data.
- Solana's Turbine uses the tree structure to propagate and recover data throughout the network efficiently.
- Solana's approach to data recovery differs from Ethereum's Danksharding method, which employs Data Availability Sampling and KZG commitments.
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9 Likes
TheNewsCrypto
2w
173
Image Credit: TheNewsCrypto
Solana Shows Recovery Signals, Is the Altcoin Safe-Zoned from the $100 Support?
- Solana has recorded a 1.87% price increase in the last 24 hours.
- The altcoin's daily trading volume has decreased by 18.62%.
- Solana shows signs of beginning an ascending channel and may distance itself from the $100 support.
- Other altcoins like Celestia and Avalanche have shown positive trends.
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10 Likes
Newsbtc
2w
270
Image Credit: Newsbtc
TRUMP Token Takedown—Did Insiders Plan The Crash?
- The official TRUMP token, commemorating Donald Trump's presidency, experienced a significant drop in value after a surge.
- Insider trading occurred before the crash, with early investors cashing out for substantial profits.
- Losses for TRUMP token holders are similar to previous bearish cycles in the NFT market.
- The crash also affected the Solana ecosystem and meme coin platform, Pump.fun, indicating declining interest.
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16 Likes
Bitcoinist
2w
195
Image Credit: Bitcoinist
Ethereum Poised For A Strong Comeback: Key Oversold Zone Hints At A Potential Breakout
- Ethereum is facing bearish pressure, but it might be nearing a crucial moment for a potential upward surge.
- An analyst suggests that Ethereum entering the oversold zone could indicate a trend reversal and pave the way for a new rally.
- Historical data and previous trends support the expectation of a significant recovery and a move towards new all-time highs, possibly targeting $11,500.
- Ethereum's current price action indicates a bearish movement, with key support levels at $2,060 and $1,440 being crucial for its next move.
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11 Likes
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