Cryptocurrency Analysis and News Portal
Social media platform Reddit is back online after it identified and implemented a fix for a “major outage” that made browsing impossible for desktop and mobile users for almost six hours.The platform first noted it was offline at 7:18 pm UTC on March 14, according to Reddit Status, and
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“Votes aren't just counted as transactions, they are literally implemented as transactions because there is no cheaper way to do it,” Yakovenko said. “If there was a cheaper way to get votes to all the nodes in the network, then why wouldn't user transactions also take the cheaper path?” Source
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As the Solana network suffered another setback, crypto community members went on social media to express various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin. On Feb. 25, the Solana network faced performance degradation issues, resulting in transaction disruptions, leading validators to opt for a network restart.
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Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain network could be suffering from an outage.Latest blocks and transactions on Polygon. Source: PolygonscanAccording to data from Polygonscan, the blockchain's last block and transaction was processed
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Polygon has not processed a new block in over an hour. Source
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Microsoft is currently in the crosshairs at the time as its stock price is likely to trail a downtrend following the release of previous quarter earnings.Following the report from different users that applications from American multinational technology giant Microsoft Corporation (NASDAQ: MSFT) are down, the company has announced that it
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"The real takeaway for me is how impressively resilient the cardano network is. Something took down ~60% of nodes and the network recovered in a few minutes, and continued producing blocks throughout," Pi Lanningham, chief technology officer of Cardano-based decentralized exchange SundaeSwap, tweeted. Source
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Cardano stake pool operators (SPO) and users have been reporting at least half of the nodes for the network briefly went offline over the weekend. According to a Jan. 22 post shared on the Telegram SPO for Input Output Global, the engineering and research fintech behind the Cardano blockchain, an anomaly
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The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchange must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017. According to a local news source,
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South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court
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