The Solana Network Gets A Lot Of Praise From Solana Labs’ Communications Director
The Solana blockchain is back up and running following a shutdown of more than four hours, the latest in a series of outages of the network in less than a year.
According to data from Solana Beach block explorer, SOL’s validators did not process new blocks for nearly four and half hours, causing a total shutdown of all of its applications. The official Twitter account of SOL Status also tweeted about the incident on Wednesday at 12:56 p.m. (ET).
The head of SOL Labs Communication heaped praises on the SOL Network and tweeted:
Solana – Highly Active Open – Source Project
SOL is a highly active open-source project that uses the permissionless feature of blockchain technology to create decentralized finance (DeFi) solutions. According to CoinGecko, SOL is one of the top ten cryptocurrency assets.
However, it is down significantly from its all-time high of $259.96, established in November 2021. SOL is a blockchain comparable to Ethereum in that it is a general-purpose blockchain. It has a different technical foundation than Solidity or Vyper. Therefore, developers design apps in Rust rather than Solidity or Vyper. The SOL ecosystem’s end-user applications are decentralized finance (DeFi), non-fungible tokens (NFT), markets, games, e-commerce, and more.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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The Solana Network Gets A Lot Of Praise From Solana Labs’ Communications Director
The Solana blockchain is back up and running following a shutdown of more than four hours, the latest in a series of outages of the network in less than a year.
According to data from Solana Beach block explorer, SOL’s validators did not process new blocks for nearly four and half hours, causing a total shutdown of all of its applications. The official Twitter account of SOL Status also tweeted about the incident on Wednesday at 12:56 p.m. (ET).
The head of SOL Labs Communication heaped praises on the SOL Network and tweeted:
Solana – Highly Active Open – Source Project
SOL is a highly active open-source project that uses the permissionless feature of blockchain technology to create decentralized finance (DeFi) solutions. According to CoinGecko, SOL is one of the top ten cryptocurrency assets.
However, it is down significantly from its all-time high of $259.96, established in November 2021. SOL is a blockchain comparable to Ethereum in that it is a general-purpose blockchain. It has a different technical foundation than Solidity or Vyper. Therefore, developers design apps in Rust rather than Solidity or Vyper. The SOL ecosystem’s end-user applications are decentralized finance (DeFi), non-fungible tokens (NFT), markets, games, e-commerce, and more.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
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