An Introduction To Solana: Innovations, Characteristics, And Criticism
Will Solana be the one? The race to be the prime smart-contract-enabled blockchain is heating up. Many projects are chasing Ethereum’s tail, offering faster and cheaper transactions plus technological innovations. What does Solana offer? An internal clock. An incredibly higher number of transactions. Fees so low that are almost non-existent. The possibility to scale to global adoption in their layer 1. Related Reading | Solana to Launch Stake Pools, This Is How It Will Enable Rewards For SOL Holders Will this be enough to capture the market? Is Solana the mythical Ethereum-killer....
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The US Securities and Exchange Commission (SEC) has made a noteworthy advancement in the potential introduction of new altcoin-based financial products by acknowledging several filings for Solana ETFs. Solana ETFs Potential In a regulatory filing, the SEC opened up the floor for public comments on the proposed “Canary Solana Trust,” aimed at facilitating mainstream investment […]
There is a lot of talk going on about Solana since a video promoting its upcoming Accelerate conference in New York came out. The ad, which aired on March 17, was quickly taken down because it made fun of gender identity problems, sparking widespread criticism. Related Reading: Dogecoin Hit By Huge Sell-Off—65 Million DOGE Sold […]
With Aptos, one of the most hyped blockchains at the moment celebrated its mainnet launch yesterday. Funded by numerous major crypto ventures – such as a16z, Jump Capital, FTX Ventures and Binance – the project has been surrounded by tremendous expectations since its inception and titled “Solana killer”. The project is a spin-off by former […]
A recent article by Filip Martinka delivers a damning characterization of the cryptocurrency world: we are a bunch of cultists, acting against our self-interest, religiously promoting something and trying to draw others into it as a means to expand its influence. The article takes the typical characteristics of a cult and breaks them down alongside the characteristics of Bitcoiners. Here are some of the things that, according to Martinka, make us cultists: The group is preoccupied with bringing in new members. The group is preoccupied with making money. The group has a polarized....
In a recently concluded voting program, it was revealed that over 92% of LidoDAO members (Lido token holders) of the decentralized liquid staking protocol Lido Finance, voted in favor of Lido ceasing its operations on the Solana Network. LidoDAO Cut Ties With The Solana Network Following Community Vote The proposal was first introduced by Lido on Solana’s peer-to-peer (P2P) team on September 5, due to financial limitations. Following the introduction, the voting program began on September 29, 2023, and was concluded a week later on October 6. Related Reading: Real Reason Behind....