Solana Validators to Make Second Restart Attempt as Transaction Freeze Drags On
The Solana network’s deep freeze continued Saturday as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.
Solana Restart Progress: What’s Happening After Network Upgrade
A network upgrade on Solana led to issues for users in trading digital assets on the blockchain. The network has been on restart mode due to an issue during the upgrade from 1.13 to 1.14 as it slowed down block finalization. The Solana network slowdown is attributed to an upgrade to validator software. However, the Solana price is not very much impacted with the network halt, compared with the crypto market. In comparison, Bitcoin price is down 0.60% in the last 24 hours.
Solana Blockchain Experiences Technical Glitch Causing Transaction Slowdowns
On Saturday at about 6:37 UTC, the Solana blockchain experienced reduced functionality, and users reported a significant slowdown in block finalization, along with some transaction failures. Solblaze, the liquid staking pool, reported that while Solana did not completely stop block production, it did experience a slowdown due to a forking event.
Inside the mtnDAO: Solana Devs Gather for a Month-Long Utah Retreat
Across from a seedy 7-Eleven and around the corner from a Victorian-style municipal hall in central Salt Lake City, Utah, Solana developers flock for a month-long coding retreat: mtnDAO.
Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM).
Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower
Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%.
Solana Spaces Close Less Than a Year After Opening
Solana Spaces, two retail stores that opened up this summer in New York and Miami, will be closing down by the end of February.
Solana Spaces will Close New York and Miami Stores 7 Months After Opening
Solana Spaces will close down its two Solana-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn’t onboard as many users as initially anticipated. Solana Spaces tweeted the news on Feb. 21, sharing a note from founder Vibhu Norby explaining the reasons behind the store shutdowns. Norby — who founded Solana Spaces in early 2022 — explained that the company reached an “inflexion point” with the stores, prompting them to shift its investment focus to “DRiP,” the firm’s new nonfungible token artwork airdrop platform. (Cointelegraph)
Solana Spaces Closing Stores in NYC and Miami
Solana Spaces—Solana-themed retail storefronts—announced the closure of its company-owned and operated stores on Tuesday, another ambitious initiative frozen by the prolonged crypto winter.
Solana ($SOL) Price Up Nearly 30% in a Week As It Moves To Overtake Dogecoin ($DOGE) Market Cap
The price of Solana ($SOL) has moved up nearly 30% over the last seven days to now trade above the $26 mark, as the cryptocurrency has been quickly recovering from the collapse of FTX, and as developers keep building on it.
