TON blockchain experiences another network outage

TON blockchain has hit another network downtime, less than 24 hours after an extended halt. According to TON, congestion related to DOGS airdrop is the main reason. The Open Network (TON) blockchain has experienced another halt in block production.

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Breaking down Ethereum rollups – What makes a rollup optimistic vs zero knowledge?

Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014.

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Saga CEO discusses scalability challenges, solutions

Rebecca Liao of Saga addresses blockchain scalability, citing Solana's challenges and the quest for solutions amid network congestion.

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Solana Crawls: Network Update Fails To Fix Traffic Jam, Price Feels The Pinch

Solana, the self-proclaimed high-speed blockchain darling, finds itself facing an uphill battle. A confluence of a broader crypto market downturn and persistent network congestion threatens to stall its momentum and cast doubt on its long-term viability.

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Why SUI Will Be the ‘Greatest Performing L1’ in This Bull Cycle

According to Defi_Mochi, a respected voice in the crypto community, Sui (SUI) is poised to become the “greatest performing L1” (Layer 1 blockchain) in the upcoming bull cycle. What Sets SUI Network Apart? SUI Network stands out as a unique solution to the challenges of network congestion and lack of adoption plaguing many existing blockchains.

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Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs

Solana’s price has plunged 21. 8% in the last seven days despite fixing its recent network congestion issues. The Shiba Inu community has burnt over 774 million tokens in the past week. NuggetRush’s crypto mining game integrates NFTs with blockchain gaming.

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Solana rallies 9% as developers launches update to tackle network congestion

Solana developers have released a version 1. 17. 31 update to help the blockchain network battle the congestion issues it faced over the past month. In an April 15 post on X, Solana’s Status said: “The v1.

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Solana Devs Move To Permanently Fix Network Congestion Debacle, But There Could Be More Problems

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Anza Network aims to fix Solana congestion woes: ‘We analyzed the root cause’

Anza Network is set to roll out updates next week to fix the recent congestion issues on the Solana blockchain, which have been traced back to its validator client, Agave.

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Is the Meme Coin Season Taking a Toll on Solana Blockchain?

The Solana blockchain is strained by a surge in meme coin activity, leading to a high transaction failure rate and debates on the network's efficiency and congestion management. The post Is the Meme Coin Season Taking a Toll on Solana Blockchain? appeared first on BeInCrypto.

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Base sees explosive growth with $1.3B bridged and 6M users

Coinbase’s Base blockchain is slowly emerging as a significant player in the DeFi space. As an Ethereum Layer-2 (L2) scaling solution, Base aims to alleviate the challenges of high transaction fees and network congestion on Ethereum by offering faster and cheaper transactions for DeFi users.

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High-Octane Solana Network Forces Binance To Halt Withdrawals – What’s Brewing?

In a surprising twist, Binance, the crypto exchange behemoth, has hit the brakes on Solana (SOL) withdrawals due to a colossal surge in network activity. The Solana blockchain, known for its lightning-fast transactions, finds itself entangled in a web of congestion, prompting Binance to announce a temporary suspension of withdrawals, effective since March 4, 2024. […]

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Ethereum Developers Create 'DN-404' Tokens After ERC-404s Send Network Fees Surging

The new token type claims to solve some of the drawbacks with ERC-404s, an experimental standard that launched last week – to such popularity that it's already driven up congestion on the Ethereum blockchain.

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Over 157,000 Bitcoin Transactions Are Waiting To Be Confirmed, Here’s The Issue

The Bitcoin blockchain has run into a peculiar issue that has seen thousands of transactions pending to be approved. This is a testament to the network congestion that has plagued the blockchain over the past week.

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Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study

According to the study, a blockchain’s “fullness” is directly related to its security.

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What is blockchain network congestion?

Blockchian network congestion results in delayed transaction confirmations, increased costs and a slower user experience.

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Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal

Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit.

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Best Layer 2 Chains: A Comprehensive Guide to Ethereum’s Top 11 Layer 2 Projects

What is a Layer 2 Chain? A Layer 2 chain refers to a secondary protocol that extends an underlying Layer 1 blockchain network like Ethereum to improve scalability. Layer 2 chains process transactions “off-chain” to reduce congestion on Layer 1.

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Are ZK-proofs the answer to Bitcoin’s Ordinal and BRC-20 problem?

Zero-knowledge proofs could be a viable means to address recent network congestion and high fees on the Bitcoin blockchain.

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Ethereum's L1 would have no problem interacting with zkEVMs, Vitalik clarifies

The Ethereum blockchain would expand to a three-layer client. Latency and data efficiency remained a problem. Ethereum [ETH], plagued by transaction delays and network congestion a few yearsThe post Ethereum's L1 would have no problem interacting with zkEVMs, Vitalik clarifies appeared first on AMBCrypto.

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Ethereum Usage Will Drop If the Blockchain Doesn’t Boost Speed: Bank of America

The network’s early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said.

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Helium Resolved The Recent Network Congestion Error In 4-Hours

The Internet of Things blockchain Helium, encountered a 4-hour network outage early this week owing to validator troubles that happened after a software update. This software update also resulted in delay in transaction finality.

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Zuki Moba moves to Polygon

Today, most blockchain games run on BSC (BNB/USD) and Ethereum (ETH/USD), resulting in transaction congestion, slow speeds, and high transaction fees. Zuki Moba encountered many interruptions while carrying out transactions according to feedback from the community.

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Cardano Blockchain Congestion Causing Issues on New NFT Marketplace

The Cardano NFT marketplace, jpg. store, recently closed its first round of artist applications but has experienced congestion, which is affecting transaction finality. Sponsored Sponsored The Cardano blockchain load hit an all-time high of 92.

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Solana (SOL) dips 6% after another 48 hours of congestion issues

The Solana native crypto (SOL) has continued to nosedive as its blockchain continues to… The post Solana (SOL) dips 6% after another 48 hours of congestion issues appeared first on Coin Journal.

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Solana slips 15% on congestion news, lost 40% in a week

Solana’s native cryptocurrency (SOL/USD) has lost another 15% today, bringing its weekly losses to almost 40% and slipping under $90. The Solana blockchain continues to face major network congestion issues.

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Cardano's first DApp suffers major congestion minutes after launch

Cardano’s blockchain has evolved significantly over the years with the introduction of smart contracts. It embraced a "slow and steady” approach to transformation. While it might annoy some, the sThe post Cardano's first DApp suffers major congestion minutes after launch appeared first on AMBCrypto.

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Polygon launches EVM scaling solution Miden

Polygon has unveiled Miden, an Advanced zk-STARKs based scaling solution intended to address the issues of network congestion on the Ethereum blockchain.   Developers don’t need to be a cryptographer or have any understanding of what zero-knowledge proofs are to use it.

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Ethereum Targets Enterprise Adoption With Infura Transactions (ITX) Launch

The Ethereum network is seen as the front-runner for decentralized finance (DeFi). However, high transaction fees and network congestion have seen rival platforms steal the blockchain’s user base.

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EY selects Polygon to scale its enterprise blockchain products on Ethereum

EY is integrating its blockchain products with Polygon to mitigate the high fees and congestion associated with transacting on Ethereum mainnet for its enterprise clients.

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Next-Generation Blockchains Providing Scalable Solutions

Next-generation blockchains are helping pioneer blockchains like Ethereum scale their operations amid network congestion due to mass adoption. During the past decade, blockchain technology particularly the tokenization aspect has gained traction, thanks to huge institutional demand.

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What do these developments say about MATIC's price?

With the transition to Ethereum 2.0 likely to take more time, high gas fees and network congestion are still among the prevailing issues. Thanks to the same, the demand for alternative blockchain netwThe post What do these developments say about MATIC's price? appeared first on AMBCrypto.

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What is Tarasca? NFTs Meet DAOs on the Ardor Platform

Non-fungible tokens, or NFTs, are currently undergoing a significant resurgence. They first emerged in 2017 when Ethereum released the ERC-721 token standard and whipped up a storm when rampant enthusiasm for digital cat art app Cryptokitties caused the Ethereum blockchain to slow down due to congestion.

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Whale Believes Ethereum Will Soon Beat Bitcoin To Become ‘Better Digital Gold’ — And Here’s Why

Critics have often taken aim at the world’s second-largest blockchain due to its scalability issues. Truth be told, ethereum has contended with extreme congestion for quite some time now, and this has resulted in exorbitant transaction fees on the network.

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UniFi raises $1 million from Chain Capital, Consensus Labs and others

It looks like blockchain interoperability is trending again especially when several DeFi projects wanting to take advantage of Ethereum bridges to overcome high gas fees and network congestion. One suThe post UniFi raises $1 million from Chain Capital, Consensus Labs and others appeared first on AMBCrypto.

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Chainlink Endures Spam Attack: Congestion, High Fees

The oracle platform Chainlink was targeted by a spam attack on Sunday, Aug. 30, congesting the network and preventing nodes from providing data to blockchain app developers.

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First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads

The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices.

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Bitcoin Transaction Fees Dropped 58% Last Week as Congestion Eased

The cost of transacting on the Bitcoin blockchain fell sharply last week as the network reverted to less frantic levels of activity.

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Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance, two of the largest cryptocurrency exchanges, saw hundreds of transactions jammed, leading to trading delays.

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Baidu’s On-Demand Video Platform, iQiYi Adopts Blockchain Technology 

iQiyi, an online video platform owned by the Chinese tech giant, Baidu, has integrated distributed ledger technology (DLT) into its processes in an attempt to significantly boost its buffering speed and network congestion as well as energy consumption, according to reports on April 14, 2020.

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NetCents integrating Lightning Network into crypto merchant payment gateway

NetCents, a cryptocurrency payments solutions provider, announced today that it is integrating the Lightning Network into its crypto merchant gateway. The Lightning Network is a “layer 2” payment protocol that operates on top of blockchain-based cryptocurrencies; enabling near-instant transactions with low or non-existent blockchain fees for users regardless of network congestion.

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New ‘Spider’ Crypto Routing Scheme By MIT Boost Blockchain Transactions By 4x

Massachusetts Institute of Technology researchers have developed a fresh technology that they claim will help ease the congestion on the cryptocurrency payments networks, Cointelegraph reports. Dubbed Spider, the new crypto routing scheme will provide enhanced efficiency for payment channel networks commonly known as PCN.

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dApps on EOS blockchain Looking to Migrate If Severe Network Congestion Is Not Resolved

Since November 1st the issue of congestion has intensified as the EIDOS dapp has blocked the entire network by taking up most of the transaction processing. The network which was known for its seamless flow of transaction requires a minimum of 100 EOS at stake to perform a simple operation. The congestion issue is quite […]

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Nearly 19 Million EOS Coins, Valued Over $60 Million Today, Transferred on EOS Blockchain

An eventful week for EOS as the cryptocurrency sees a mysterious 19 million EOS tokens transferred across unknown wallets on November 10. This follows the recent congestion on the blockchain as an airdrop of the EIDOS project launched and EOS locked out most users from accessing the platform. On the peak of the cycle, the […]

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EOS Blockchain Congested: EIDOS Airdrop 95% of Transfers

EOS blockchain congestion caused by the EIDOS token airdrop prevents most users from having their transactions processed

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EOS Blockchain Undergoes Congestion and Heightened Transaction Rate for EIDOS Airdrop

EOS network launched its EIDOS token contract on October 31, 2019, and also announced an airdrop for the same where users with at least 0. 0001 EOS in their wallet can participate in the airdrop. A user needed to send a minimum amount of 0.

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Hydro Labs tap OmiseGO’s Plasma Infrastructure to Eliminate Ethereum Congestion Woes

In an official announcement dated October 8, 2019, open-source distributed ledger technology (DLT) project Hydro Labs announced that it had partnered with cryptocurrency project OmiseGO (OMG) to use the latter’s plasma transaction infrastructure to do away with the Ethereum blockchain’s scalability woes.

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50% of Ethereum Miners Voting for Increasing the Gas Limit; Will It Reduce Network Congestion?

Recently, Vitalik Buterin, the co-founder of Ethereum warned that the increased utilization of the network could result in larger transaction costs, which in turn, could deter institutional users from using Ethereum.

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Tether facilitates $417k worth of transactions on ETH network as USDT continues to clog Ethereum

A Redditor recently complained about pending transactions on the blockchain by stating that the pending period was past 10 hours and at press time, all the fingers were pointed toward Tether for network congestion.

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