Fun

News Feed - 2023-07-21 01:07:12

Martin Young4 hours agoSolana records 1 outage in first half of 2023, 100% uptime in Q2The Solana network is seeing steady improvements in performance and reliability as outages become more infrequent.2201 Total views25 Total sharesListen to article 0:00NewsJoin us on social networksLayer-1 blockchain network Solana has shown an improvement in reliability and uptime so far this year only having one outage in 2023, according to a report from the Solana Foundation.


On July 20, the Solana Foundation released its latest performance report stating it has improved the network through the first half of 2023, as measured by uptime and the ratio of non-voting-to-voting transactions.


In previous years, Solana has been plagued with reliability and uptime issues. Co-founder Anatoly Yakovenko has called them a “curse” but said the network’s low-cost transactions were the cause of the outages.


The latest report noted Solana has experienced 100% uptime since Feb. 25, marking a whole quarter without an outage. The single February outage saw the network knocked offline for almost 19 hours.Solana achieved a 100% uptime in Q2, 2023. Source: Solana


The report added there have been improvements in the ratio of voting to non-voting transactions. Voting transactions occur when a validator votes to confirm one or more proposed blocks of information and non-voting transactions are triggered by user behavior on the blockchain.“Over time, we would expect to see the ratio of voting to non-voting transactions go down because the overall percentage of voting transactions should drop as the network gets more efficient.”


Blocktimes, which measure how quickly new blocks are added to the chain, have also become more consistent aside from the spike during the outage.1/ The Solana Foundation has released the most recent @Solana Network Performance report.

The Solana network’s performance has improved through H1 2023, as measured by uptime, the ratio of non-voting-to-voting transactions, & more.

Read the full report: https://t.co/naOftyknLA pic.twitter.com/yI9Q8swWdT— Solana Foundation (@SolanaFndn) July 20, 2023


Transactions per second (TPS) are also used to measure the network’s performance and throughput. Solana’s maximum daily TPS has been climbing since January with significant increases that correlate with new network upgrades, it noted. Dune Analytics reports the current figure on the network at 3,777 transactions per second.


Related:Solana price hits a 2023 high, but do strong fundamentals back the SOL rally?


The Artemis dashboard reports a daily transaction count of 19.2 million for Solana, which has been the leader for this metric until it was recently usurped by the Sui Network due to the popularity of a Web3 game.


The price of the blockchain’s native token, Solana (SOL), was down 4.5% on the day — around $25.50 at the time of writing, according to Cointelegraph data.


The token has been performing well over the past month with gains of 50% but remains down 90% from its November 2021 all-time high of $260.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:How smart people invest in dumb memecoins — 3-point plan for success# Blockchain# SolanaAdd reactionAdd reactionRelated NewsHistory of money: From fiat to crypto, explainedUS law protects institutions and exposes retail investors — Rep. Torres7 most in-demand programming languages to learnShared Web3 user base could power new social app integrations — Aave CEOUK government rejects lawmaker’s call to treat crypto like gamblingZero Barriers ahead! Zero knowledge and AI combine to redefine the future

News Feed

Indian Police Investigate 3 Companies Running a Crypto Ponzi Scheme, CEO Charged
Indian Police Investigate 3 Companies Running a Crypto Ponzi Scheme, CEO ChargedThree companies allegedly running a large-scale cryptocurrency Ponzi scheme are being investigated by
Crypto Biz: Massive inflows to exchanges amid market turbulence
Ana Paula Pereira3 hours agoCrypto Biz: Massive inflows to exchanges amid market turbulenceThis week’s Crypto Biz examines Hong Kong’s crypto ETF market, Morgan Stanley’s green light for Bitcoin funds, Xapo Bank li
French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in US
French Lawyer Asks Russian Patriarch to Help Save Alexander Vinnik From ‘Political Trial’ in US A member of the defense team of the alleged BTC-e operator Alexander Vinnik has
Nigerian central bank alleges unauthorized transactions by Binance
Amaka Nwaokocha13 hours agoNigerian central bank alleges unauthorized transactions by BinanceBinance’s alleged illegal operations were highlighted in court on July 5, with a central bank official testifying on the lack
Marcel Pechman3 hours agoOptimism transactions surpass Arbitrum, but what’s behind the uptick in users?Transactions on Optimism recently eclipsed the Arbitrum network, but do the project’s fundamentals support a sust
Jesse Coghlan6 minutes agoCoinbase shares hit 18-month high after Binance chargesThe price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a sl
Bitcoin reaches one billion transactions
Brayden Lindrea21 minutes agoBitcoin reaches one billion transactionsAn average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence.178 Total views1 Total sharesListen to article 0:00NewsOw
US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report
US Authorities Investigate Binance for Insider Trading and Market Manipulation: Report Binance’s troubles with regulators grow as U.S. authorities are now reportedly investi
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company
Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company Eight days ago, the crypto lender Hodlnaut announced that the platform was suspendin
Vitalik Buterin is cooking up a new way to decentralize Ethereum staking
Martin Young2 hours agoVitalik Buterin is cooking up a new way to decentralize Ethereum stakingEthereum co-founder Vitalik Buterin suggested penalizing validators proportionally to the deviation from their average failur
Bitcoin exchange inflows drop to 10-year lows after $74K all-time highs
William Suberg9 hours agoBitcoin exchange inflows drop to 10-year lows after $74K all-time highsBitcoin exchanges are seeing the kind of daily inflows more associated with BTC prices under $1,000.4360 Total views5 Total
Marcel Pechman2 hours agoWill Bitcoin price hold $26K ahead of monthly $3B BTC options expiry?Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell tro