![]() Retrieved 2 October 2022.Enter the ghost of technology's past. "Solana back online after another outage. ^ "Solana suffered a four-hour blackout due to a bug in how the blockchain processes offline transactions"."Opinion | What Is Happening to the People Falling for Crypto and NFTs". "Solana tumbles as its blockchain network suffers 2nd outage in a month". "Solana suffered its second outage in a month, sending price plunging". Retrieved 2 December 2021 – via Yahoo News. "Solana says it is back up and running after a surge in transactions caused the network to crash the day before". ^ Shumba, Camomile (15 September 2021)."Solana: A new architecture for a high performance blockchain" (PDF). "Solana is up 12,000% this year-what to know before buying the Ethereum competitor". "New Lawsuit Alleging That Solana Is A Security Could Have Big Implications For The Crypto Investment Landscape". ^ " 'Ethereum Killer' Solana Falls Prey to Binance-FTX Deal Turmoil".^ "How will the Binance-FTX drama affect Solana? Here's what we know so far".^ "Hacking attack drains £5m from 8,000 wallets linked to Solana crypto network"."Proof of History: How Solana brings time to crypto". ^ "India Will Push Blockchain Platform Solana Get To 1 Bn Users: Cofounder Raj Gokal".On 1 October 2022, the Solana network went down for 6 hours due to a single misconfigured node. On 1 June, 2022 Solana reportedly suffered another outage due to a bug in how the blockchain processes offline transactions. On 30 April and, Solana experienced major outages due to being taken offline by bots. The outage at the beginning of the month lasted roughly seven hours, and the one at the end of the month lasted about four and a half hours. The Solana blockchain again went offline on 1 May and. The network was brought back online the next day on 15 September 2021. On 14 September 2021, the Solana blockchain went offline after a surge of transactions caused the network to fork, and different validators had different views of the state of the network. Solana has experienced multiple outages in 20. Solana's execution environment is based on eBPF, which allows the Rust, C, and C++ programming languages to be used. Like various other blockchains, Solana can run smart contracts. An example of proof of history is when a person takes a picture of today's newspaper with the date and time recorded so that it can be used to verify the newspaper in the future. Proof of history enables network participants to have a high degree of certainty that an event took place at a specific moment in time. The Solana whitepaper describes this design as a decentralized clock. Proof of history enables the network to operate faster because nodes do not need to communicate to validate a block. Solana achieves consensus using a proof-of-stake mechanism and its model, known as "proof-of-history" mechanism. ![]() The lawsuit claimed that Solana stated it would reduce the supply by this amount, but it only burned 3.3 million tokens. The lawsuit accused Solana of selling unregistered securities tokens in the form of Solana (SOL) from March 24, 2020, onward and that Solana deliberately misled investors concerning the total circulating supply of SOL tokens.Īccording to the lawsuit, Anatoly Yakovenko, the founder of Solana Labs, lent a market maker more than 11.3 million tokens in April 2020 and failed to disclose this information to the public. On July 1, 2022, a class action lawsuit was filed against Solana. In November 2022 the price of Solana dropped by 40% in one day and in the midist of the FTX liquidity crisis. Security researchers discovered that Slope wallet sent sensitive account data to its remote servers in clear text. All wallets affected were at one point created, imported, or used in the Slope wallet applications on iOS and Android. Four Solana wallet addresses took approximately $4.1 million in total from victims. On the 3 August 2022, it was announced that the Solana ecosystem had been targeted by hackers, affecting 9,231 Solana wallets. On 16 March 2020, Solana's first block was created. This paper described a technique called "proof of history". Solana was proposed in a white paper Anatoly Yakovenko published in November 2017. ![]()
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