Autor Cointelegraph By Brian Quarmby

Solana hit with another network incident causing degraded performance

The Solana blockchain has suffered a third incident in just a few months that clogged the network and caused transactions to fail, with users debating whether it was caused by another DDos attack or if it was just network issues.The scale and nature of the incident is hard to ascertain, with Coinbase, Wu Blockchain and Redditors reporting there had been an incident causing the network to slow and transactions to fail. However Solana Labs co-founder Anatoly Yakovenko denied there had been a DDoS on this occasion.The latest incident comes less than a month after a previous attack which saw reports the network was clogged with mass botting due to another Initial DEX offering (IDO) on Solana-based decentralized exchange platform Radium. According to Wu Blockchain, the Solana network went down for around four hours in the early morning of Jan. 4 UTC time as a result of an apparent DDoS attack. Solana.Status shows the network has been fully operational with 100% uptime over that period. Solana went down again at two o’clock in the morning (UTC+8) on January 4th. According to users of the official Telegram community, the attacker is suspected of using spam to conduct a DDoS attack.— Wu Blockchain (@WuBlockchain) January 4, 2022A post on the r/CryptoCurrency group on Reddit yesterday also shared several screenshots of Solana (SOL) users reporting issues with failed SOL transactions around the time of the potential DDoS and network downtime. Coinbase also provided an incident report over the past 24 hours on the Solana network’s “degraded performance” that resulted in failed withdrawals of SOL on the crypto exchange. “This is why you don’t use a service’s own status page to come to conclusions especially if it masquerades as a decentralized blockchain, but in reality is just a glorified database,” user u/Set1Less wrote. But other users responding to the r/CryptoCurrency post in the r/Solana community questioned the validity of the claims, with “NiftyMufti” stating that: “So instead of echoing random people’s opinions, why don’t you show the charts? A DDoS attack and downtime would have shown in the block explorers. I see no such signs. Prove me wrong. Which hours in which timezone was this supposed to have taken place?”Solana Labs co-founder Yakovenko echoed as such on Twitter earlier today, noting that the network issues weren’t related to a DDoS, and were just the “pain of getting a new runtime commercialized.”it’s not a ddos, just pain of getting a new runtime commercialized. $ solana ping— transaction statistics —8 transactions submitted, 8 transactions confirmed, 0.0% transaction lossconfirmation min/mean/max/stddev = 2119/3934/9387/2415 ms— anat◎ly (@aeyakovenko) January 4, 2022

In a separate Twitter thread, Yakovenko also stated that the “cost model for compute is still a [little] wonky, real fix to deal with this is in 1.9, where TXs have to specify all the resources they use upfront.” Related: Top crypto winners and losers of 2021In an interview with Cointelegraph on Dec. 22, Austin Federa, head of communications at Solana Labs said that developers are currently working to address the network’s issues, specifically in relation to improving transaction metering. “Solana’s runtime is a new design. It doesn’t use EVM [Ethereum Virtual Machine] and a ton of innovation was done to ensure that users have the cheapest fees possible, but there’s still work to be done on the runtime,” he said.

Čítaj viac

OpenSea NFT trading volume surges as Bored Ape mania intensifies

NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume.While popular onlookers as Wu Blockchain have asserted that the volume on Jan. 3 was a record high for OpenSea, previous data posted by rchen8 on Dune Analytics shows that Aug. 29 saw the all-time high (ATH) of $322 million. In December, OpenSea’s monthly volume topped $3.24 billion and fell just 5.3% short of the platform’s ATH in August of $3.42 billion. With the NFT marketplace already conducting more than $700 million worth of trading volume within the first four days of January, the record highs may soon be broken if the momentum continues throughout this month. Bored Ape maniaA factor that may be contributing to OpenSea’s surging volumes, is the recent mania surrounding the BAYC and MAYC NFTs along with a basket of other projects from Yuga Labs. Data from CryptoSlam shows that the MAYC is currently the top-ranked NFT project in terms of seven-day volume on secondary markets at $93.2 million, with the BAYC NFTs following closely behind at second with $88.4 million. Related: Bored Ape Yacht Club NFTs catch up to CryptoPunks, flips floor priceOver the past 30 days, the MAYC and BAYC projects have generated $189.7 million and $182.6 million apiece, making them the third and fourth highest ranked NFT collections at the time of writing. In terms of 24-hour volume, MAYC has garnered $18.7 million worth of secondary volume, while the BAYC has generated $14 million. According to OpenSea, the current floor price for BAYC NFTs is a hefty 67 Ether (ETH) worth roughly $250,000, while the MAYC NFTs are currently going for 15.87 ETH, or $59,300. In January so far, several Pop-culture icons such as rapper Eminem, musician Britney Spears, and comedian Dave Chappelle all reportedly snapping up BAYC NFTs for six-figure sums this month. BREAKING: @DaveChappelle just purchased @BoredApeYC #8343 for 99 ETH ($371,343.06) WelcomeWallet created today, and ENS held the domain davidchappelle.eth for him and allowed him to mint 2 it hours agoIronically, his name on OpenSea is “FollowtheWhitePeople” pic.twitter.com/E7B3ynpqCy— m0rgan.ethᵍᵐ ‍♀️ (@Helloimmorgan) January 2, 2022

Čítaj viac

Crypto predictions platform Polymarket fined $1.4M by CTFC

New York-based crypto predictions platform Polymarket has reached a settlement with the Commodity Futures Trading Commission (CFTC) to pay a fine of $1.4 million. Polymarket is a decentralized platform that enables users to bet on the outcomes of event markets such as pro-sports games and political elections via binary options contracts. On Jan. 3, the CFTC announced that it had entered an order filing and simultaneously settling charges against Polymarket, with the platform found to have operated an “illegal unregistered or non-designated facility” since June 2020. Under the order, Polymarket is required to pay a civil monetary penalty of $1.4 million along with winding back any markets on the platform that do not comply with CFTC and Commodity Exchange Act (CEA) regulations. Polymarket responded with a Jan 4. tweet stating that they were “excited to move forward”.We’re pleased to confirm that we’ve successfully agreed to a settlement with the CFTC, & are excited to move forward & focus on the future of Polymarket. As per the order, the 3 markets lasting past 1/14 that don’t comply with the Act will be prematurely resolved. More soon— Polymarket (@PolymarketHQ) January 3, 2022The CFTC stated that event market contracts backed by a pair of binary options “constitute swaps” under its jurisdiction and that platforms offering exposure to the market must be regulated under the CFTC and CEA. In the announcement, the CTFC’s acting director of enforcement Vincent McGonagle urged derivatives platforms to register with the enforcement body, he paid particular attention to those operating in the decentralized finance (DeFi) sector: “All derivatives markets must operate within the bounds of the law regardless of the technology used, and particularly including those in the so-called decentralized finance or ‘DeFi’ space.”The CFTC did note, however, that Polymarket received a reduced civil monetary penalty due to its “substantial cooperation” with the investigation into the platform.Related: Will US regulators shake stablecoins into high-tech banks?Cointelegraph reported back in October 2021 that the CFTC had launched its investigation into Polymarket, with the platform reportedly hiring former CTFC enforcement head James McDonald to handle the probe.

Čítaj viac

Fractal: 110K join Discord of Twitch founder’s new NFT gaming marketplace

Twitch co-founder Justin Kan launched a new blockchain gaming-focused NFT marketplace yesterday dubbed Fractal.Fractal’s Discord group has since amassed more than 111,000 members, despite only being announced two weeks ago. At the time of writing, it appears that the most significant sale on the platform so far was for a Baby Scoot NFT that went for 4 Solana (SOL) worth roughly $680. The Solana-based marketplace enables users to buy, trade and hold NFTs used in blockchain games. In an announcement made yesterday, the firm unveiled its first partnered blockchain games, including The Sandbox, Nyan Heroes, Caveworld and Genopets, to name a few. first of all: we are live https://t.co/y2yO4R7Ty2— fractal ❄️ (@fractalwagmi) December 30, 2021As part of the announcement, Kan labeled the 111,000 strong Fractal community as one of the “fastest-growing” in crypto and added that:”Durable digital assets through NFTs are the future of gaming. We’ve partnered with some of the most innovative gaming companies on the Solana blockchain to bring that future forward.””Players are excited about blockchain games and we’re excited about all the new experiences that will be enabled by them,” he added.In a separate blog post, Fractal also revealed that it would be airdropping 100,000 Fractal NFTs to its members, teasing that they may hold governance rights over the marketplace and in-game provide in-game benefits in the future. “Fractals will come with benefits both on the Fractal marketplace and within our community. Mysterious and powerful, their full potential is yet to be discovered. Perhaps in the future, they may grant special powers and abilities in your favorite blockchain-based games, or unlock the doors to exciting new worlds ripe for exploring,” the post reads. Fractal also hinted that it would eventually expand support to other blockchains, with Ethereum likely to be the next in line considering that The Sandbox metaverse project is built on the network. As it stands, users are currently able to connect Solana-friendly wallets such as Phantom and buy and sell any of the NFTs from Solana-based gaming projects. Related: Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananasSpeaking with Cointelegraph, Wendy Huang the co-founder of Australian-based Nyan Heroes cited the strong team behind Fractal as a key reason behind the company’s decision to partner with the platform.“Fractal’s game-centric NFT marketplace has the potential to become the premier hub and aggregator for gamers and gaming communities. The strength of their founding team gives Nyan Heroes further confidence that they could grow into a Steam-like platform,” she said.

Čítaj viac

Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks

Rocket Pool, a decentralized Ethereum 2.0 staking platform has surpassed $350 million worth of total value locked (TVL) within five weeks of its official launch. The project aims to remove the barriers to entry for Eth2 stakers and node operators. It allows any user to run a node for 16 ETH ($59,000), which is half of the 32 ETH ($119,000) required in the Eth2 deposit contract. Users with as little as 0.01 ETH can also stake their funds and receive yield. According to data from DefiLlama, Rocket Pool has surged up the decentralized finance (DeFi) staking platform rankings to sit at third with a TVL of $355.64 million at the time of writing. The project is currently behind the Keep3r Network at $584.34 million, and Lido Finance in first place with $6.04 billion. Lido Finance was launched in December 2020 and currently towers over its competitors in terms of TVL however, it only had 14 node operators as of Q4 2021. In comparison, Rocket Pool has around 635 node operators which the platform says contributes more to the decentralization of Ethereum. Around 67,000 ETH worth more than $252M is staked, with the remainder of the TVL from the platform’s own token RPL. StakingTVL: Ξ94.1k (+1.5%) – $345.4MStaking Pool: Ξ1.48krETH Price: Ξ1.0096 (4.3% APY)Average Commission: 12.24%️ NodesRegistered Nodes: 634Staking Minipools: 2.07kETH Validator Share: 0.75%Commission: 15.51%RPL Price: Ξ0.0112RPL Staked: 2.37M (Effective 2.30M) pic.twitter.com/SjYbQXr1rY— Rocket Pool Network Bot (@RocketPoolBot) December 30, 2021The project officially kicked off on Nov. 22 after a successful Beta launch two weeks prior that saw Rocket Pool register 237 node operations with a total of 1,088 staked Ether (ETH) in the space of two days. The project touts its decentralization, liquid staking pool, commissions and staking rewards as its major selling points. and the platform also enables users to stake their ETH and receive the rETH token against their holdings, which also accrues staking rewards over time. Speaking with Cointelegraph, Rocket Pool general manager Darren Langley cited the platform’s decentralization as a key reason for the platform’s strong launch, noting that: “In the staking market, there was significant latent demand for a decentralized option — it just needed our launch to spark an inferno.”“If you respect the principles of Ethereum you will stake with a decentralized pool. From Ethereum’s perspective, a decentralized pool is as secure as solo staking. Operational decentralization is extremely important,” he added. Questioned on how Rocket Pool is gearing up for the long-awaited transition to Eth2 and a proof-of-stake (PoS) consensus mechanism slated for mid-2022, Langley stated that it would provide many opportunities for the users. “Liquid staking will become more profitable after the Merge so we are expecting a surge in interest,” he said and added that “validators will start receiving priority fees that PoW miners are currently receiving.”Related: A fair comparison? Ethereum growth outpaces Bitcoin in 2021Looking forward to 2022, Langley also noted that the company hopes to ramp up the adoption of its liquid rETH token and expand the services on the platform.“We want rETH to be ubiquitous across the Ethereum ecosystem so we are focused on DeFi integrations (AMMs, lending, wallets, farms). Additionally, we will work to leverage layer-two to optimize aspects of Rocket Pool.”

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy