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Usha Yadav
Jun 3, 2022
by Usha Yadav

Solana Labs Communications Head Heaps Praise on The Solana Network

Solana Labs Communications

Table of contents

  1. Solana - Highly Active Open-Source Project
The Solana blockchain is back up and running following a four-hour outage due to a software error, the latest in a string of network outages in less than a year. In January, the digital asset's network saw a wave of outages and service difficulties that lasted up to 18 hours, enraging traders who watched their portfolio values plummet while unable to sell tokens. According to a tweet from Solana earlier in the week, the network and all cash are safe. Solana's quick ascension to the top echelon of crypto's effective alternatives to Bitcoin and Ethereum has been slowed in recent months by outages.

The head of Solana Labs Communication heaped praises on the Solana Network and tweeted,

Solana - Highly Active Open-Source Project

Solana is a highly active open-source project that uses the permissionless feature of blockchain technology to create decentralized finance (DeFi) solutions. According to CoinGecko, Solana is one of the top ten cryptocurrency assets. However, it is down significantly from its all-time high of $259.96, established in November 2021. Solana is a blockchain comparable to Ethereum in that it is a general-purpose blockchain. It has a different technical foundation than Solidity or Vyper. Therefore, developers design apps in Rust rather than Solidity or Vyper. The Solana ecosystem's end-user applications are decentralized finance (DeFi), non-fungible tokens (NFT), markets, games, e-commerce, and more.

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Solana Labs Communications Head Heaps Praise on The Solana Network
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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