🚀 Solana's Firedancer Hits 1 Million TPS in Testnet Phase
#Solana #Firedancer #TPS #Ethereum #Blockworks #JumpCrypto #SolanaBreakpoint #MegaETH #blockchain #cryptocommunity #testing #SOL
According to Blockworks, the debate over transactions per second (TPS) has intensified within the crypto community, particularly between Solana and Ethereum. Solana, known for its higher TPS compared to Ethereum, recently saw its high-performance client, Firedancer, developed by Jump Crypto, enter its testnet phase. Jump Crypto's chief scientist, Kevin Bowers, announced during a Solana Breakpoint talk that Firedancer achieved 1 million TPS in synthetic testing.
This announcement sparked discussions on social media, with a crypto venture capitalist highlighting Solana's progress while contrasting it with Ethereum's ongoing debates. Namik Muduroglu, part of the founding team for the upcoming layer-2 solution MegaETH, shared a GitHub screenshot indicating that Solana's protocol is currently capped at around 81,000 TPS. Muduroglu also noted that MegaETH aims to have shorter block times than Solana, potentially processing transactions milliseconds faster. Solana supporters responded by stating that the 81,000 TPS limit is adjustable and criticized MegaETH for commenting on an existing blockchain while still being unreleased.
TPS, which measures how many transactions a blockchain can process per second, is often used aspirationally. Firedancer's 1 million TPS was achieved in a testing environment without actual user transactions. Other unreleased blockchains like Monad and Layer N have also reported high TPS numbers in testing. Solana's TPS is influenced by whether #Solana #Firedancer #TPS #Ethereum #Blockworks #JumpCrypto #SolanaBreakpoint #MegaETH #blockchain #cryptocommunity #testing #SOL
🚀 Majority Of Blockworks Editors No Longer Hold Cryptocurrency
#Blockworks #cryptocurrency #Bitcoin #Ethereum #altcoins #NFTs #crypto
According to BlockBeats, on March 10, Blockworks revealed the monthly holdings of its editorial team. As of March 3, only 3 out of 13 editors continue to hold cryptocurrencies, with holdings exceeding $5,000. The remaining 10 editors have divested from Bitcoin, Ethereum, altcoins, NFTs, and shares in crypto companies. It is noted that the statistics may not include stablecoin holdings.#Blockworks #cryptocurrency #Bitcoin #Ethereum #altcoins #NFTs #crypto
🚀 Trump Advocates for Simplified Stablecoin Legislation at Blockworks DAS Conference
#Trump #Stablecoin #Legislation #Blockworks #Congress #MarketStructures
According to PANews, U.S. President Donald Trump addressed the Blockworks DAS Conference, urging the U.S. Congress to pass landmark legislation. He emphasized the need for straightforward and common-sense rules governing stablecoins and market structures.#Trump #Stablecoin #Legislation #Blockworks #Congress #MarketStructures
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🚀 Movement Co-Founder Rushi Manche Temporarily Steps Down Amid Controversy
#Movement #RushiManche #Controversy #Blockworks #Slack #Asia #Reporting
According to Odaily, Movement co-founder Rushi Manche has temporarily stepped down from his position. Reports from Blockworks suggested that Manche's personal account was removed from the company's Slack group, leading to speculation about his departure. In response, Manche took to X to refute these claims, sharing screenshots as evidence that he remains in the company's Slack group. He explained his absence from internal meetings was due to his participation in events in Asia. Manche also criticized Blockworks for what he described as unethical reporting.#Movement #RushiManche #Controversy #Blockworks #Slack #Asia #Reporting
🚀 Blockworks Shuts Down News Division Amid Uncertainty
#Blockworks #crypto #newsdivision #journalism #cryptoMedia #PANews #SamReynolds
According to PANews, former Blockworks journalist Sam Reynolds revealed on the X platform that the crypto media outlet Blockworks has decided to close its news editorial department. As of now, Blockworks has not issued an official statement regarding this decision.#Blockworks #crypto #newsdivision #journalism #cryptoMedia #PANews #SamReynolds
🚀 Solana Leads Blockchain Revenue for Second Month
#Solana #blockchain #Layer1 #Layer2 #networkrevenue #blockchainindustry #adoption #usage #dominance #NS3AI #Blockworks #SOL
Solana's network revenue has surpassed all other Layer 1 and Layer 2 blockchains for the second consecutive month. According to NS3.AI, this achievement highlights Solana's growing dominance in the blockchain space. The data, sourced from Blockworks, underscores the platform's increasing adoption and usage, setting it apart from its competitors. This trend reflects Solana's robust performance and its potential to maintain its leading position in the blockchain industry.#Solana #blockchain #Layer1 #Layer2 #networkrevenue #blockchainindustry #adoption #usage #dominance #NS3AI #Blockworks #SOL
🚀 SEC Official to Speak at Digital Asset Summit Amid Eventful Week for U.S. Markets
#SEC #DigitalAssetSummit #USMarkets #Blockworks #DigitalAssets #Regulation #Finance #Crypto
A U.S. Securities and Exchange Commission (SEC) official is set to speak at this year's Digital Asset Summit hosted by Blockworks. The SEC posted on X, highlighting the significance of the event following a historic week for America's digital asset markets. The summit is expected to address key developments and challenges in the digital asset sector, drawing attention from industry leaders and regulators alike.#SEC #DigitalAssetSummit #USMarkets #Blockworks #DigitalAssets #Regulation #Finance #Crypto
🚀 SEC Clarifies Jurisdiction Amid Calls for Regulatory Reform
#SEC #jurisdiction #regulatoryreform #PaulAtkins #Blockworks #USregulation #oversight #law #clarity #financialregulation
The U.S. Securities and Exchange Commission (SEC) is taking steps to clarify its jurisdictional boundaries within existing law. The SEC posted on X that as lawmakers deliberate on broader reforms to prevent rogue regulation, the agency is committed to providing clarity on its jurisdiction. This statement was made during opening remarks by SEC Commissioner Paul S. Atkins at a Blockworks event. The SEC's efforts come amid ongoing discussions about the need for regulatory reform to ensure clear and effective oversight.#SEC #jurisdiction #regulatoryreform #PaulAtkins #Blockworks #USregulation #oversight #law #clarity #financialregulation