Solana (SOL) Falls Back Towards Its Yearly Lows

Despite breaking out from a six-month descending resistance line SOL has failed to sustain its upward movement and returned to its yearly lows. The post Solana (SOL) Falls Back Towards Its Yearly Lows appeared first on BeInCrypto.

Timeline of Solana

Solana has finally released a report outlining the recent outage on 30 April and the steps that it is taking to strengthen its network. The report clarifies that the network disruption was not due to an external attack.

The NFT space has been moving at the speed of light recently, but to date almost all the big headlines and projects have been Ethereum-based. However, that may now be about to change. OpenSea has now integrated a number of Solana projects on its marketplace as part of a beta test, while several high-profile Solana The post What does OpenSea integration with Solana mean? Interview with MonkeyLeague appeared first on Invezz.

When it comes to processing transactions on a blockchain, scalability isn't everything. That's the biggest takeaway from the crash that knocked the Solana blockchain offline for seven hours.

Within the crypto space, the gaming industry has found a niche that is now expanding to mainstream investors as well. This has given rise to blockchain gaming which, after gaining the attention of Venture Capitalists, is now stretching itself out to cater to the more crypto-centric audience.

Solana SOL/USD is a public, open-source blockchain network that supports smart contracts, as well as non-fungible tokens (NFTs). The SOL token is the native cryptocurrency token used throughout the Solana ecosystem. The token can pass to nodes within the Solana cluster in exchange for the procedure of running on-chain programs or validating their output. Solana's The post Can Solana get back up to speed after its network outage? appeared first on Invezz.

The Solana network has suffered its seventh outage this year as bots took down the network over the weekend. The often dubbed “Ethereum killer” has itself been killed several times this year.

Over the last weekend, the Solana blockchain network suffered a major outage for 7 hours knocking off validators out of the PoS consensus and halting the block production. This happened as the bots managed to exploit the Solana-based NFT project Candy Machine.

The Solana blockchain went offline for seven hours on Saturday evening following a bot attack that flooded the network. The post What now for Solana following ‘Candy Machine' spam attack?

The persisting problem of the network outages on Solana has left investors annoyed and frustrated. Still, the larger impact this problem can have is completely overlooked at the moment.

Okay Bears NFTs are the first Solana-powered NFT collection to achieve 24-hour sales records on the world's largest NFT marketplace, OpenSea. This is not only a significant milestone for the collection, but also a celebration of the entire Solana blockchain.