Blockchain
Solana Network Performance Improves Throughout 1H 2023
The Solana network had 100% uptime in the second quarter of this year, one of several positive advancements in performance stemming from improvements to the Solana network, as detailed in the latest Network Performance Report issued today by the Solana Foundation.
“Solana’s advantages in terms of speed, efficiency and composability are really shining brightly right now,” said Dan Albert, Executive Director, Solana Foundation. “The ecosystem is resilient and the dedication to innovating on Solana is contributing to exciting developments across a number of fronts, including DeFi, NFTs, network infrastructure, decentralized physical infrastructure, and more.”
The updated report by the Solana Foundation details improvements throughout the first half of the year to the Solana network as measured by several metrics, including the ratio of non-voting-to-voting transactions, block production time, and average and max transactions per second. The report also details the latest metrics regarding the decentralization of the Solana network, which showed that Solana continues to be run by a robust group of independent validators around the world and with a large number of open-source developers building applications on Solana.
“Solana is one of the world’s most decentralized proof-of-stake blockchains, and one of the most developed on,” Albert said. “The first half of 2023 presented a number of challenges for the network but the network performed very well and more advancements in the ecosystem are on the way that will further distinguish Solana as the leading decentralized smart contract blockchain.”
The Solana Foundation uses four key metrics to report decentralization and vitality of the network: block-producing validators (1,850), RPC nodes (925), the Nakamoto Coefficient (33), and active open-source developers building on the network (2,053) – all of which compare favorably to other smart contract blockchains.
Stability and reliability were focal points for network improvements during the first half of the year. Several improvements to the core network software upgrade process were implemented following an outage on Feb. 25, including bringing additional external developers and auditors into the release process and improving the server restart process. The network has experienced 100% uptime since then and successfully transitioned network version 1.14 to mainnet.
New innovations also debuted on Solana during recent months, such as state compression, a way to store data directly on-chain that vastly reduces costs and opens up new use cases only possible on Solana. Minting 100 million NFTs on Solana now costs as little as 50 SOL.
The full Solana Network Performance Report can be accessed here.
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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