Uh-oh: Solana propada in Gensler kliče Coinbase

September 15, 2021by Mark Murdock

14. september 2021 / Unchained Daily / Laura Shin

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Dnevni bit ✍️✍️✍️

• Predsednik SEC Gary Gensler naveden that crypto lending and staking platforms most likely fall under US securities law; Gensler also opozoriti that Coinbase lists “dozens of tokens that might be securities.”

• Bitcoin Core version 22.0, the latest version of the Bitcoin core software, was sprosti v ponedeljek.

• Ernst and Young (EY) will use Polygon to razporedi EY blockchain products onto Ethereum.

• Interaktivni posredniki začela cryptocurrency trading on its platform.

• Jump Trading announced the launch of Skoči na kripto.

• SkyBridge Capital, led by Anthony Scaramucci, is releasing an NFT site.

• Bitcoin energy consumption in 2021 has already outpacedall of 2020.

• Gate.io, a crypto exchange, opened a 100 milijon dolarjev sklada to invest in budding crypto startups.

• An unsuccessful attempt at attacking Ethereum managed to fool several nodes.

• Immutable, an NFT startup, postavljeno a $60M Series B.

• Amberdata, a crypto data startup, brought in $15M through Series A led by Citi.

• Argo Blockchain, a crypto mining company, commenced its Prva javna ponudba (IPO) yesterday.

• Layer 2 solution Arbitrum trpel a temporary outage.

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Kaj si meme?

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Kaj je Poppin?

How quickly narratives change in crypto.

After leading Tuesday’s newsletter with the headline “SOL > BTC + ETH” in reference to a surge in interest for Solana-based digital asset funds in comparison to BTC and ETH, today’s What’s Poppin’ is covering Solana for an entirely different reason.

Solana, a high throughput smart contract blockchain, experienced significant issues on its mainnet yesterday. As of publishing time, the network has been down for over 10 hours, according to data from Solscan. This means that no blocks, transactions, or network activity was recorded between 8 am ET to 7:00 pm ET.

Fundacija Solana naslovljena the downtime on Twitter, explaining that a large increase in transactions, peaking at over 400,000 per second, flooded the network, causing Solana to start forking. Once the network began forking, nodes were overwhelmed due to the excessive memory consumption of multiple chains running simultaneously.

Anatoly Yakovenko, CEO of Solana Labs, believes that a Raydium initial DEX offering (IDO) caused the flood of transactions.

Solana node operators began coordinating a “restart” of the network at roughly 3 pm ET Tuesday afternoon. According to CoinDesk, the restart would include a patch of the network that would allow Solana to come back online once 66% of validators, a supermajority, go live. As of publishing time, Solana remains down, though the validator community on Discord remains quite active.

While rare, it is not entirely unheard of for blockchains to shut down. Even Bitcoin experienced 14 hours of downtime during its formative years between 2009 and 2013. Since then, Bitcoin has run continuously, with a 99.986% functional runtime. For Solana, in particular, an outage is not surprising, as the network is less than two years old and still in beta mode. Yesterday’s outage was Solana’s first since December 2020.

For Anatoly’s part, the CEO took the outage in stride, emphasizing the youth of Solana’s network. It appears Anatoly is more worried about Solana’s 10-year outlook and its ability to serve 1 billion users, rather than stressing over its inability to handle 400,000 transactions per second just 18 months into the blockchain’s existence.

Unsurprisingly, Solana’s native token, SOL, dropped more than 15% yesterday, dipping from roughly $175 down below $150. The dip comes just one week after SOL’s latest all-time high, which saw the token cross $216.

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Priporočena branja

• Fidelity on institutional investors and digital assets:

• The Defiant on airdrops:

• @CometShock on how Solana’s chain-stoppage could affect the network:

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Na The Pod ...

Ali je bitcoin mogoče zavarovati le s transakcijskimi provizijami? Dva raziskovalca se izklopita

 

Ko se nagrada za blok močno zmanjša, ali je mogoče Bitcoin zavarovati samo s provizijami za transakcije? V oddaji Unchained pisec o bitcoinih Vijay Boyapati in Justin Drake iz fundacije Ethereum razpravljata o prednostih varnostnega modela bitcoinov, za katerega Drake pravi, da bo v veliki meri odvisen od provizij za transakcije že v 20-30 letih, ne v 100+ letih. Poudarki:

• Justinovo in Vijayevo poklicno ozadje
• zakaj Justin meni, da Bitcoin ne more preživeti samo s provizijami
• kako je Bitcoin trenutno zavarovan
• zaradi česar je varnost Bitcoina bolj subjektivna kot binarna
• koliko bi v dolarjih stalo 51% napad na Bitcoin
• kaj bi lahko omrežje Bitcoin naredilo kot odgovor na 51-odstotni napad
• kako izračunati varnostni proračun Bitcoina
• zakaj cena bitcoina ne more biti eksponentna za vedno
• ali bi "jedrska možnost" za Bitcoin rudarje lahko zaščitila pred 51% napadom
• zakaj so lahko nacionalne države za ali proti bitcoinu
• zakaj bi lahko bil Bitcoin standard podoben zlatemu standardu
• kako se bo Bitcoin spremenil v prihodnje in zakaj Vijay meni, da se bodo transakcijske provizije povečale
• zakaj Justin meni, da se transakcijske provizije ne bodo dovolj povečale, da bi zagotovile osnovno plast Bitcoina
• kako bi Justin popravil varnostni model bitcoina – in zakaj misli, da je 21 milijonov hard cap meme
• zakaj Vijay meni, da se varnostni model Bitcoina ne bo nikoli spremenil – zlasti 21-milijonska trda omejitev
• kaj Justin misli, da je Ethereum boljši od Bitcoina
• zakaj Vijay misli, da bo Ethereum propadel

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