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Solana News
Hackernoon
2w
414
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
309
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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18 Likes
Hackernoon
2w
157
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
174
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
271
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
3w
196
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
Crypto-News-Flash
3w
148
Image Credit: Crypto-News-Flash
Sony’s Soneium & LINE Partner to Bring Blockchain Mini-Apps to 200M Users
- Soneium, backed by Sony Block Solutions Labs, is partnering with LINE to integrate four successful mini-apps into its blockchain ecosystem.
- The collaboration aims to bring blockchain-enabled gaming experiences to LINE's 200 million active users.
- The mini-apps featured on the Soneium blockchain include Sleepagotchi LITE, Farm Frens, Moonveil's Puffy Match, and Pocket Mob.
- The partnership between Soneium and LINE also aims to accelerate the adoption of decentralized applications by leveraging LINE's user base.
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8 Likes
Crypto-News-Flash
3w
297
Image Credit: Crypto-News-Flash
North Korea’s Lazarus Group Hacks Software Developers to Attack Solana & Exodus Wallets
- The North Korean Lazarus Group has once again made headlines, this time for targeting Solana and Exodus wallet users.
- New research from Socket found that the group planted six malicious packages in npm, designed to steal login credentials, deploy backdoors, and extract sensitive data from crypto wallets.
- The techniques and tactics employed in this attack align with Lazarus Group's known operations.
- The recent attack highlights the vulnerability of the crypto sector and emphasizes the need for updated systems and heightened cybersecurity measures.
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17 Likes
TheNewsCrypto
3w
367
Image Credit: TheNewsCrypto
Solana Holds Above $120, But Analysts Warn of a Potential Crash
- Solana has rebounded above $120 but remains 60% below its all-time high.
- Solana’s real economic value (REV) has dropped 90% due to reduced meme coin trading.
- A double-top formation and rising network inefficiencies indicate a bearish divergence.
- Analysts warn of a potential crash and further downside risks for Solana.
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22 Likes
TheNewsCrypto
3w
205
Image Credit: TheNewsCrypto
Altcoins Under Pressure: Solana, Dogecoin, and Ethereum Face Critical Levels
- Solana nears a death cross, struggling below $150 with potential drops to $110 or $100.
- Dogecoin risks falling below $0.14, possibly declining to $0.10–$0.12.
- Ethereum breaks $2,000 support, signaling bearish momentum and further losses.
- Solana, Dogecoin, and Ethereum face critical levels and are under bearish pressure.
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12 Likes
Medium
3w
314
Image Credit: Medium
ATMTA Announces Strategic Equity Investment in Shaga to Enhance Star Atlas Accessibility
- ATMTA announces strategic equity investment in Shaga to enhance Star Atlas accessibility.
- Shaga introduces a decentralized cloud gaming approach by utilizing existing gaming PCs as Shaga Nodes, allowing low-latency gameplay and enabling access to Star Atlas on various devices.
- The collaboration aims to make Star Atlas more inclusive, particularly for gamers in regions like Southeast Asia and Latin America, and those from diverse economic backgrounds.
- Shaga's decentralized network employs edge computing to provide efficient, high-quality streaming, ensuring smooth gameplay and real-time mechanics on less powerful devices.
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18 Likes
Bitcoinist
3w
144
Image Credit: Bitcoinist
Solana Inflation Set To Plummet Below 1%—Quorum Reached
- Solana's proposed token emission model, SIMD 228, has reached quorum with 70% of votes cast in favor.
- If the proposal passes, Solana's annual inflation will be reduced to approximately 0.92% from the current emission rate.
- SIMD 228 aims to implement a 'static curve' adjusting SOL issuance based on the network's staking participation rate.
- The proposal argues that the current fixed emission schedule overpays for security and needs to be adjusted based on market conditions.
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8 Likes
Bitcoinist
3w
161
Image Credit: Bitcoinist
SEC Delays Spot XRP, Dogecoin, SOL And LTC ETFs—What’s Going On?
- The US Securities and Exchange Commission (SEC) has delayed decisions on proposed spot exchange-traded funds (ETFs) for XRP, Dogecoin, Solana, and Litecoin.
- The delay pushes back potential approval dates to May 2025 for various ETF applications, including those from VanEck, Canary, and Grayscale.
- The SEC states that it needs more time to consider the proposed rule change and the issues raised.
- The odds of approval for the proposed ETFs vary, with Litecoin having a 90% approval likelihood, Dogecoin at 75%, Solana at 70%, and XRP at 65%.
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9 Likes
TronWeekly
3w
26
Image Credit: TronWeekly
Solana (SOL) At Risk of Falling Below $110 After 38% Plunge
- Solana (SOL) has plunged 38% in 30 days, dropping below $120, with bearish momentum threatening a fall under $110.
- Coinglass data shows $27.3M in liquidations, with SOL hitting $114, falling below its $134 realized price since May 2022.
- Solana’s revenue plummeted 93% to $4M, while DeFi TVL halved to $6.38B, reinforcing bearish sentiment.
- SOL now faces crucial support levels and any recovery requires breaking key resistance zones, with a potential correction below $100 still on the table.
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1 Like
Bitcoinsensus
3w
323
Image Credit: Bitcoinsensus
Solana Price Prediction: Bull Run or Fakeout?
- Solana has swept a key liquidity zone on the daily chart, hinting at a possible bullish reversal.
- A break of the H2 supply zone could shift market structure from bearish to bullish.
- The M15 demand zone holds untapped liquidity and could be a strong buy zone if price pulls back.
- Solana is at a critical point, and the next few days will determine whether we get a confirmed bullish reversal or just another fakeout.
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19 Likes
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