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Solana Network’s co-founder, Anatoly Yakovenko, has confirmed the conditions the blockchain would meet before finally exiting the much-talked-about beta mode. According to a tweet on Friday, the Solana network would go full mainnet when “firedancer is stable and it’s running as a safety check on mainnet.” The revelation came in response to a tweet flaunting the stability of the Solana Network. The X user revealed that the blockchain has maintained an uptime of 336 days, 29 days shy of a full year without downtime. Mainnet Finally? The “Mainnet Beta” phrase affiliated with the Solana Network had seen it receive less criticism during downtimes. However, the blockchain has shown appreciable stability amidst peak usage. The Solana Network experienced zero downtime during the SOL’s mini-bull run last year, surpassing daily and monthly transaction highs. At one point, SOL’s DEX trading volume surpassed that of Ethereum and other layer-1 networks combined, but it maintained uptime and a reasonable transaction fee. Despite the positives, Yakovenko maintained that its independent client validator, Firedancer, must be more stable and run safety checks before Solana goes mainnet entirely. Solana introduced the Firedancer last year to boost the network’s scalability, speed, and decentralization. Way to the Top? Although Solana suffered several setbacks during and after the Mainnet Beta 2 launch in 2020, it is on course to become one of the leading blockchains in the crypto sector. Solana’s scalability has improved drastically and is second only to the Ethereum Network. With Yakovenko stating at one time that he sees nothing holding developers from building layer-2s on Solana’s blockchain, the network might be on track to greater scalability and stability and may finally match Ethereum toe-to-toe. However, Solana co-founder Raj Gokal insists he wants to see the second-largest crypto asset thrive. #Write2Earn: #TradeNTell #TrendingTopicChallenge #Solana-SOL

Solana Network’s co-founder, Anatoly Yakovenko, has confirmed the conditions the blockchain would meet before finally exiting the much-talked-about beta mode. According to a tweet on Friday, the Solana network would go full mainnet when “firedancer is stable and it’s running as a safety check on mainnet.”

The revelation came in response to a tweet flaunting the stability of the Solana Network. The X user revealed that the blockchain has maintained an uptime of 336 days, 29 days shy of a full year without downtime.

Mainnet Finally?

The “Mainnet Beta” phrase affiliated with the Solana Network had seen it receive less criticism during downtimes. However, the blockchain has shown appreciable stability amidst peak usage.

The Solana Network experienced zero downtime during the SOL’s mini-bull run last year, surpassing daily and monthly transaction highs. At one point, SOL’s DEX trading volume surpassed that of Ethereum and other layer-1 networks combined, but it maintained uptime and a reasonable transaction fee.

Despite the positives, Yakovenko maintained that its independent client validator, Firedancer, must be more stable and run safety checks before Solana goes mainnet entirely. Solana introduced the Firedancer last year to boost the network’s scalability, speed, and decentralization.

Way to the Top?

Although Solana suffered several setbacks during and after the Mainnet Beta 2 launch in 2020, it is on course to become one of the leading blockchains in the crypto sector. Solana’s scalability has improved drastically and is second only to the Ethereum Network.

With Yakovenko stating at one time that he sees nothing holding developers from building layer-2s on Solana’s blockchain, the network might be on track to greater scalability and stability and may finally match Ethereum toe-to-toe. However, Solana co-founder Raj Gokal insists he wants to see the second-largest crypto asset thrive.

#Write2Earn: #TradeNTell #TrendingTopicChallenge

#Solana-SOL

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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Bitcoin has once again regained a trading price of $42,000 after a week characterized by downtrends. The price drop was fueled by a massive sell-off recorded by the asset management firm Grayscale on its flagship ETF product. Grayscale’s Selling Spree Slows Down On January 10th, Grayscale’s GBTC was one among 11 spot Bitcoin exchange-traded funds (ETFs) that got approved. The asset management company took the leading position in terms of trading volume, holding nearly half of the market share in just 24 hours after approval. Reports confirmed on January 22nd that the bankrupt crypto derivatives exchange FTX sold off almost $1 billion worth of GTBC. Several investors followed the same path, pulling their funds from Grayscale’s GBTC product. In one instance, the firm saw more than $515 million exit its platform in a single day. Presently, the selloff has reduced as Grayscale’s total sales total $4.3 billion, signifying a possible slowdown in the selling spree. The massive exodus recorded in Grayscale’s Bitcoin ETF business has benefited other financial institutions offering the same product. For example, BlackRock’s IBIT and Fidelity’s FBTC continued to record inflows throughout the week while Grayscale saw outflows. Meanwhile, Bitwise became the first ETF issuer to publicly disclose the Bitcoin wallet address holding its ETF proceeds. While the move may likely bring more investors into its ecosystem, the firm noted that the action will bolster transparency. Since then, the company has seen donations poured into its wallet address. These additional funds will be issued to investors in Bitwise’s BITB investment vehicle. BTC Trades at $42K After a troubling week for the leading cryptocurrency, it has bounced back to a current trading price of $42,000. BTC’s downward spiral earlier this week saw its lowest on January 23rd when it traded around $38,600. However, the asset began seeing uptrends earlier today, causing its latest impressive price performance. #Write2Earn: #TradeNTell #friend3
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Crypto index fund manager Bitwise has led the way by becoming the first Bitcoin exchange-traded fund (ETF) issuer to publicly reveal its Bitcoin address holdings. The move comes about two weeks after the products were made available for trading. Bitwise Holds $453M in BTC In a Wednesday post on X (formerly Twitter), the firm disclosed that its trust (BITB) currently holds about $453 million in Bitcoin. The San Francisco-based digital asset manager noted that the decision to reveal its digital wallet addresses is aimed at enhancing transparency and fostering trust. “Now anyone can verify BITB’s holdings and flows directly on the blockchain. Onchain transparency is core to Bitcoin’s ethos. We’re proud to walk the walk with BITB. Publishing on-chain addresses is a first step toward increasing public transparency. As infrastructure evolves, we hope to do more, such as working with firms like the Hoseki app to provide real-time cryptographic attestations”, the firm said. Through this move of publishing its Bitcoin address holdings, Bitwise aims to position itself at the forefront of regulatory compliance and investor communication. The firm’s willingness to disclose this information can be viewed as a demonstration of its commitment to addressing concerns related to the verification of asset backing, building credibility for Bitcoin investment products and setting an industry standard. Bitwise’s Spot Bitcoin ETF Bitwise is one of the several spot Bitcoin exchange-traded funds (ETF) issuers that the United States Securities and Exchange Commission (SEC) officially gave approval earlier this month to offer the product to American investors. On the first day of trading, the asset manager saw around $238 million of inflows. Last week, the firm’s CEO Hunters Horsley revealed a $370 million in assets under management (AUM) within its inaugural four days of trading. Additionally, the company pledged earlier this month to allocate 10% of profits from the Bitwise Bitcoin ETF (BITB) towards supporting Bitcoin open-source development. #Write2Earn: #TradeNTell
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