network

Solana Labs raises $314 million in new funding round

Solana blockchain validators restart network after transaction stoppage

advertisement The Solana blockchain is back online after an hours-long outage. As previously reported, Solana’s transaction blocks came to a stop on Tuesday. Developers later said that Solana’s mainnet “encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging …

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Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Bitcoin network undergoes largest difficulty drop ever by nearly 28%

Quick Take The Bitcoin network’s mining difficulty has decreased, taking into the account the recent drop in hash rate. This latest difficulty adjustment was the largest in its history. The mining difficulty of the Bitcoin network has dropped by 27.9%, as the network adjusts to the massive drop in hash rate. This is the biggest …

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China’s crackdown on bitcoin mining has probably already made the network greener — for now

China’s crackdown on bitcoin mining has probably already made the network greener — for now

Quick Take Xinjiang said to have shut down nearly two gigawatts of coal-based bitcoin miners. Sichuan has also ordered some miners to shut down. The global environmental implications for the bitcoin network depend on where China’s miners decide to move. This feature story is available to subscribers of The Block Daily. You can continue reading …

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[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

Imagine a network where partners – stemming from legacy finance, CeFi, and DeFi industries – are all created equal. This network has no central nodes and all data is sent from one node to another via the shortest, most efficient route available. In this network, all participants agree to a set of core conceits – …

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round from NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO. “Mariano really understands what we’re doing,” said Razor Network founder and CEO Hrishikesh Huilgolkar in an interview. “He probably created the …

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Tether has blacklisted 100 addresses on Ethereum, network data shows

Tether has blacklisted 100 addresses on Ethereum, network data shows

The number of blacklisted Tether addresses on the Ethereum network has reached 100, according to new findings from The Block Research.   Eighty-four of the blacklist actions by Tether took place in 2020, with most of them happening after July.  The term “blacklisting” means that the addresses in question cannot send, receive, or redeem USDT, …

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