Blockchain Archives - Page 2 of 27

Terra Classic Network Targeted by Spam Transaction Attack

16Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Classic Network Targeted by Spam Transaction Attack

The Terra Classic community faced a network attack, with attackers aiming to disrupt validator operations. The tactic involved flooding the network with a large number of small Luna Classic (LUNC) transactions, and overwhelming validators with insufficient RAM capacity. Read Also: Elon Musk Revives Dogecoin Spirits, Shiba Inu Eyes Top 10 Return This attack resulted in over 30 validators being temporarily disabled, some of which remain offline. While staking rewards are paused for delegators who rely on these validators, user funds – both LUNC and USTC – remain secure. https://twitter.com/LunaClassicLabs/status/1780116877987004650 Luna Classic Labs, acknowledging the attack, emphasized their validator's resilience due to robust hardware specifications. They also implemented addi...

Koala Coin (KLC) Presale: Capitalize on FOMO During Market Fluctuations?

16Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Koala Coin (KLC) Presale: Capitalize on FOMO During Market Fluctuations?

The cryptocurrency market might be experiencing some volatility, but that's not stopping Koala Coin (KLC) from making a splash. With the presale for KLC tokens currently underway at $0.014, the project is aiming to capitalize on the "fear of missing out" (FOMO) sentiment among investors. Read Also: Shiba Inu Frenzy: Burning Bright Despite Market Gloom Koala Coin: More Than Just a Meme Coin KLC promises to be more than just your average meme coin. Built on a secure and transparent blockchain, it combines cutting-edge technology with a fun and engaging user experience. KLC tokens themselves offer exclusive benefits like: Governance rights: Holders can participate in shaping the future of the Koala Coin ecosystem. Staking rewards: Earn passive income by holding onto your KLC toke...

Exploring the Milestone of SHIB Hits 4M Addresses: What It Means for XRP and NUGX Investors

15Apr

By Kayode Oke MichaelNo Comments

Blockchain

Exploring the Milestone of SHIB Hits 4M Addresses: What It Means for XRP and NUGX Investors

The cryptocurrency market is an ever-evolving landscape, with new players entering the field and established ones gaining momentum. Among the most prominent are Shiba Inu (SHIB), NuggetRush (NUGX), and Ripple (XRP). Shiba Inu has made a remarkable achievement by surpassing 4 million unique addresses. This milestone reflects its growing popularity and solidifies its position as a prominent meme coin. According to recent data from Into The Block, around 200,000 new addresses have been added since March 1st, indicating a broader trend of increasing interest in alternative cryptocurrencies. Read Also: XRP Performance Against Bitcoin Raises Concerns Among Investors How Does NuggetRush (NUGX) Leverage NFTs to Revolutionize Play-to-Earn Gaming? NuggetRush, on the other hand, has gained gl...

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

15Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

Solana (SOL) is poised for a rebound after its developers implemented a software update (version 1.17.31) to address network congestion issues that have plagued the blockchain in recent months. This update coincides with a 10% surge in SOL price over the past 24 hours, suggesting renewed investor confidence. Solana Update Targets Congestion The update comes in response to a significant rise in user activity, which saw transactional volumes peak at $4 billion in March, compared to an average of $500 million daily transactions in 2023. This surge, partly fueled by the meme coin frenzy, resulted in network congestion and a spike in failed transactions. Certain smart contracts were even flagging successful transactions as invalid. Read Also: Cardano Poised for Takeoff? Analyst Predicts Bu...

Solana Outage Raises Concerns About Network Scalability

11Apr

By Onche Michael ONo Comments

Blockchain

Solana Outage Raises Concerns About Network Scalability

Solana, a blockchain known for its speed and scalability, recently experienced a significant outage, leading to scrutiny and debate within the crypto community. This outage resulted in over 75% of transactions failing, sparking concerns about Solana's ability to handle high volumes of activity. Cause of the Outage: Software Limitations and Tech Debt Austin Federa, Head of Strategy at the Solana Foundation, attributed the congestion to limitations in the software system's ability to manage current traffic. He acknowledged a trade-off between prioritizing new features and essential maintenance, which has led to "tech debt" within Solana's architecture. Developers Working on Solutions to Address Congestion Despite the setback, developers are actively working on improvements. Federa assure...

From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations

10Apr

By Kayode Oke MichaelNo Comments

Blockchain

From Boom to Bust: A Timeline of the Terra-LUNA Crash and SEC Investigations

In 2024, cryptocurrencies are again experiencing a bull run, and the Crypto Winter is no longer fresh in everyone's memory except for those who lost a significant amount in 2022. Three Arrows Capital and Coinbase Ventures still remember. Lightspeed Ventures Partners and Galaxy Digital also remember, particularly Galaxy's CEO, Mike Novogratz, who got a LUNA tattoo as a reminder to remain humble when investing. Looking back at the Terra-LUNA crash is essential because it's still unclear who caused it. Read Also: Singapore-based Exchange WEEX Joins Forces with Terra Classic Community to Burn LUNC Tokens In May 2022, the crypto market lost $60 billion due to the failure of TerraUSD, an algorithmic stablecoin, and LUNA, another cryptocurrency. Both were created by Terraform Labs (TFL) ...

Unleashing the Power of NFTs: Exploring Tensor (TNSR) on Solana

8Apr

By Kayode Oke MichaelNo Comments

Blockchain

Unleashing the Power of NFTs: Exploring Tensor (TNSR) on Solana

Bitget, a renowned cryptocurrency exchange and Web3 company, has recently added Tensor (TNSR) to its platform, offering Solana users an advanced NFT marketplace that caters to both traders and creators. The addition of Tensor to Bitget's platform is a significant boost to the exchange's offerings, as it expands its NFT marketplace and provides users access to one of the most advanced NFT marketplaces available on Solana. Tensor offers a robust marketplace experience, with unparalleled liquidity across the Solana ecosystem and coverage of over 30,000 collections, making it easy for traders to explore a wide range of NFTs. The platform has a lightning-fast, composable user interface that ensures real-time updates, providing a seamless trading experience. The advanced functionality of T...

Breaking News: Slothana Shatters Records with $10 Million in Presale

8Apr

By Kayode Oke MichaelNo Comments

Blockchain

Breaking News: Slothana Shatters Records with $10 Million in Presale

Slothana ($SLOTH) is a new Solana-based meme token that has gained significant popularity in recent times. The platform raised over $10 million through its unique presale model. The token’s main idea revolves around an ‘office sloth’ character who wants to leave the 9-5 grind and enter into crypto trading. Users can buy $SLOTH by sending $SOL to the token address or using the homepage widget. The $SLOTH tokens are airdropped directly to the user's wallet, eliminating the waiting time for the presale to end. Currently, early buyers can get 10,000 $SLOTH for just 1 SOL. https://twitter.com/SlothanaCoin/status/1772350526635610558 Next Solana Meme Token to Go Viral After $SLERF? Meme coins have traditionally been created on Ethereum using the ERC-20 standard, but Solana is now emerging...

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

7Apr

By Kayode Oke MichaelNo Comments

Blockchain

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

Cryptocurrency enthusiasts are observing a shift in the market, with new coins showing potential to challenge the top performers. Solana has been a notable name, but new contenders are poised to rise in the bull run of 2024. This article delves into which tokens could see significant growth and what that means for Solana's position in the market. Unveiling the Viral Phenomenon: BlastUP's $4 Million Success Story BlastUP, the premier launchpad on Blast, has raised $4 million in just a few weeks, attracting smart investors who recognize its potential. BlastUP token holders enjoy participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking. Read Also: Solana (SOL) Price Soars, Nears $150 Resistance Level Backed by B...

Solana Price Stalemate: Bullish Flag or Bearish Whales?

3Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Price Stalemate: Bullish Flag or Bearish Whales?

Solana (SOL) is caught in a tug-of-war between bullish and bearish signals, leaving investors unsure how to respond. Analysis identified a bullish flag pattern for SOL, suggesting a potential price rally past $200. This technical indicator points towards a breakout following a period of consolidation. Read Also: XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects Dominant Buyers, But Whale Activity Threatens Despite a recent market-wide correction, it was discovered that buyers remain dominant for SOL. However, reports of whales transferring SOL to exchanges raise concerns about increased selling pressure shortly. The H12 swing low sits at $162.45. A drop below this level would flip the market structure to bearish. Conversely, breaking and retesting the up...