July 23, 2024
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Will Solana Update Fix The Current Network Congestion? Here’s What It Relies On

Solana’s recent update went live, focusing on fixing the current network congestion. However, to work, it relies on one key factor. Solana, known for its high-speed transactions and low costs, has recently been plagued by congestion issues.  The congestion, primarily due to an increase in transaction volumes and network demand, has led to delays and

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Latest News News

Solana Releases Update To Alleviate The Ongoing Network Congestion

Solana developers have released a new update to tackle the ongoing network congestion issues. Solana developers have announced a new update with significant enhancements that will “help alleviate the ongoing congestion” on the network. Congestion issues plagued Solana in recent months, with the meme coin frenzy driving up user activity and demand for the network. 

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Bitcoin News

Bitcoin’s Network Crisis: Ordinals, New Token Standards, and The Road Ahead

Bitcoin’s introduction of Ordinals and new token standards has upped its network activity. However, with this surge, a series of unprecedented problems have emerged. The main issue? A stark inability to manage the soaring demand for its block space. Since implementing Ordinals, Bitcoin’s network congestion has reached alarming levels. Significantly, despite its peak performance since

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Bitcoin News

Lightning Labs Unveils Upgraded Taproot Assets Protocol, Paving the Way for Efficient Bitcoin Asset Minting

  In a significant development for the Bitcoin community, Lightning Labs has released an updated edition of the Taproot Assets Protocol, promising a more efficient approach to minting new assets on the blockchain. In a recent blog post, the previous methods employed for inscribing assets on the Bitcoin blockchain were deemed “particularly inefficient” by the

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Bitcoin News

Bitcoin ‘under siege’ by BRC-20 Coins With Soaring Fees, Claims Analyst

Bitcoin’s popularity has been both a boon and a curse for the digital currency. On one hand, its decentralized nature and limited supply have made it a favorite among investors seeking to diversify their portfolios. However, as demand for Bitcoin transactions has increased, so too have the network’s congestion and fees. According to a recent

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Bitcoin News

Bitcoin falls below US$28,000, Ether declines, Litecoin slips further, US equity futures stall

On Tuesday morning in Asia, Bitcoin fell below US$28,000 as the growth of the Ordinal protocol and Bitcoin-based memecoins drove up transaction fees and caused network congestion. Ether, as well as the top ten non-stablecoin cryptocurrencies, have declined, with Litecoin topping the losers. After Wall Street closed neutral on Monday, US equity futures traded flat

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Bitcoin News

Top Analyst Decodes the Crypto Landscape: $BTC, $ETH, and $PEPE in Focus

Miles Deutscher’s recent research into the cryptocurrency industry has shed light on some fascinating new information. In a statement made on May 3, 2023, Deutscher drew an intriguing analogy between Ethereum and a casino, stating that “if meme coins are gambling, then Ethereum is the casino.” This statement was made in light of recent statistics

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Bitcoin News

Is Bitcoin’s Lightning Network Adoption in Jeopardy – Liquidity and Risk Issues Loom Large

The Lightning Network has emerged as the technological solution to Bitcoin’s scalability problem over the last five years. However, its growth has been slow and has been hampered by significant obstacles such as a lack of liquidity and potential risks. To overcome these obstacles, a collaborative effort between centralized and decentralized solutions will be required,

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Blockchain News

Dogecoin To Get Upgrade Release Packed With New Features And Enhancements

Dogecoin (DOGE), the world’s largest meme cryptocurrency, is about to get a major upgrade that will make the popular blockchain more interoperable and user-friendly. Michi Lumin, a Dogecoin core developer, recently tweeted about the upgrade, stating that “lib-dogecoin 0.1.2” was now available. He then stated that “this is a big one,” referring to the roll-up

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Bitcoin News

Bitcoin [BTC] Breaks Free: Will Recent Spike Leave Bear Market Behind

Bitcoin [BTC] completed last week’s trading session with an astonishing 35.8% increase in value, leading it to bounce out of the deep bear market region, according to Glassnode in a new report. According to the data provider’s evaluation of the king coin’s on-chain performance, the price increase since 14 March has resulted in BTC moving

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