Solanas weekend bounce risks turning into a bull trap Can SOL price fall to $60 next? Solana is currently the fastest blockchain in the world, and its token began discovering all-time highs as the conference started. This is one of the core eight innovations Solana has pioneered that make its network an outstanding home for DeFi.. Its going to take a lot of blood, sweat, and tears to get there, but in theory, that could be the theoretical limit for how fast the network is.. Lachlan holds a Bachelors degree in Journalism from Macleay College in Australia. Solana have announced their first yearly Solana Conference called Breakpoint! A Look Into the Recent Downturn and What the Future Holds, BingX Touts Grid Trading as a Profitable Automated Crypto Strategy, EarthFund Launches Carbon Removal DAO, A Community-Led Project Fighting Climate Change, Why Bridging the DeFi Interoperability Gap Will be the Ultimate Game Changer in DEX Trading, Hot Cryptocurrencies Right Now | Trending Tokens in 2022, One of the Prominent Crypto News Sites Sponsors Newly Launched Gaming Platform BitSpinCasino. The Solana network, which currently boasts the highest throughput for any public blockchain (65,000 TPS), has also invited key members of its ecosystem to learn from each other and network during the conferences packed agenda. Your email address will not be published. Please enter your username or email address to reset your password. Fingers crossed when we get to November the times are better! We made deposits, played and reviewed 80+ crypto casinos to choose the best one. This website uses cookies. Solana will host its first major conference, Breakpoint, in Lisbon this November 7-10. Bitcoinist is the ultimate news and review site for the crypto currency community! Visit our. As a fee-sharing protocol, Hubble distributes nearly 100% of the fees collected by its services to users who stake HBB, Hubbles native token, on the platform. Could you be next big winner? Hubble Protocol aims to become a leading provider for the next generation of DeFi services that will leverage Solanas high latency and low costs for the benefit of its users. Visit our. Save my name, email, and website in this browser for the next time I comment. Many industry watchers consider this integration of technologies as bringing about a new era, loosely defined as Web 3.0, in which through cryptocurrencys ability to allow for value to be transferred digitally, it has the opportunity to transform the existing incentive structures of the internet which has up until now largely been built around advertising. With improved interoperability, lower transaction fees, and the ability to leverage the power of other blockchain networks through Wormhole, we expect to see a massive expansion of Web3 capabilities in the near term.. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Marius talked about some of the challenges he faced when he first started building on Solana. It has lost some ground since, however, and was trading in fifth position at US$232 at press time, according to CoinMarketCap. Breakpoint highlighted that Solana was doing something special to advance the current state of the blockchain community. In Phase 2 of the protocols roadmap, Hubble will begin providing Solanas DeFi community access to structured products, which its project lead, Ciubotariu, spent years developing during his time with Bloomberg. 2022 Newblock. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. For example, Rust does not allow the programmer to run a computation in paralleleight cores, for examplethat would modify the same piece of memory without a locking system. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. The speed of light halfway around the world is about 110 milliseconds. Anticipation for the event was running high in the community as SOL, the native cryptocurrency of the blockchain, reached a new all-time high (ATH) of US$260 on Saturday before the conference, overtaking USDT and Cardano on Monday to briefly reach fourth spot in the crypto top 10. This shift can be seen with the emergence of the play-to-earn model of gaming, such as in the runaway success Axie Infinity, or through the emergence of decentralized, immersive non-fungible token marketplaces such as ones found on Decentraland. BitStarz Player Lands $2,459,124 Record Win! Official Website: Solana Breakpoint Conference. Breakpoint will host over 100 panels, technical workshops, andin-depth conversations on the rise of DeFi, the future of NFTs, and so much more. For example, Cryptonary gave Marius high marks for his efforts when it tweeted, Great talk from @HubbleMarkets about developing on @solana, commenting on an uploaded video of the workshops tail end. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. The big news at the conference was Solana breaking into the crypto Top 5 as its community began piling into Lisbon to get to business during the day and boogie down at night. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. What is the best crypto casino in July 2022? Read our comprehensive comparison! Its been a tough 2 years, with all the lockdowns worldwide and travel restrictions. Then, he shared with the audience how he managed to overcome these challenges and find solutions for building a protocol that can onboard millions of users. I consent to my submitted data being collected and stored. Read our comparison of 50 different crypto casinos. In the same fashion, Solana does not allow transactions to be run in parallel if they touch the same account IDs. After parting ways with ZeroInterest, Ciubotariu decided he wasnt finished with DeFi. With speeds of 65,000 transactions per second Solana is roughly 2,000 times faster than Ethereum and 40 times faster than Visa, making it an attractive network to build on. Rust is a relatively new entrant to the DeFi smart contract scene. Some of the events highlights included significant updates from Solana Co-Founders Anatoly Yakavenko and Raj Gokal on the overwhelming growth of the network and a talk from Alexis Ohanian, the Co-Founder of Reddit, who pledged $100 million to develop social media on Solana. Nearly everyone from the Solana ecosystem flew into Lisbon for four days of talks, workshops, and networking. During the hackathon, he single-handedly coded the Rust smart contracts for ZeroInterest, a project that gained acclaim from the press and received an honorable mention from the hackathons judges. Marius delivered an insightful workshop that stood out for its open and frank discussion of workarounds and solutions for coding on Solana. His work can be found in numerous magazines in Australia on topics ranging from culture to science. Solanas Breakpoint conference was a great success! On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the project is airdropping NFT tickets to existing Magic A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 A couple of times a year, there is a Solana Hackathon that gets bigger than the last. After giving it much consideration, he tendered his resignation with Bloomberg to pursue DeFi full-time and founded Hubble Protocol on Solana. Rust and Solana have a similar philosophy when it comes to running things in parallel, both of them having learned the lesson from years of computer science research, he said. 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Arguably the most significant development of the conference was the announcement of a new partnership between Solana and the venture capital arm of Reddit co-founder Alexis Ohanian, Seven Seven Six, to invest US$100 million into decentralized social media. After that, in Phase 3, Hubble will focus on developing undercollateralized lending services, which could become a revolutionary service that attracts more mainstream attention to DeFi in the future. Web3 turns users and creators into owners and stakeholders, a change that cant come soon enough to social media social media in the metaverse will be a collection of millions of self-sufficient communities, said Raj Gokal, COO of Solana Labs, in a statement shared with Forkast.News, adding that as the creator of one of the most widely used social media platforms, Reddit, Ohanian was perfectly positioned to help build these new projects. Play Now! Hubble Protocol increased its network of friends while Breakpoint was in full swing. A small percentage of these fees are returned to the protocol for maintenance and development, but the lions share is returned to Hubbles DeFi community. Wormholes new bridge will greatly expand the reach of the dApps, games, and NFTs that are native to the Polygon ecosystem, said Arjun Kalsy, vice president of Growth at Polygon, in a statement shared with Forkast.News. Market intelligence and data access plays an important role in blockchain ecosystems, he said. Due to nearly two years of isolation and travel bans, Breakpoint was the first time many people in the Solana community managed to meet face to face. Accordingly, the excitement in the air was palpable at Solanas first international conference as project heads and thought leaders shared ideas and networked night and day. There were talks about the future of DeFi, NFTs, and how Solana could change blockchain gaming and social media landscape with its massive throughput and low-cost per transaction. Thats in stark contrast with Ethereum, which does not parallelize any transaction at all., Ciubotariu went on to say that, Solanas Sealevel runtime knows what accounts will be affected by what transaction, allowing for non-overlapping transactions to execute in parallel. In a statement, Yakovenko said that he was pleased that platforms like Nansen were adding their support for Solana. Power Ledger Moving to Solana-Based Chain, BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX, Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse, GAIMIN Brings Blockchain and NFTs to Minecraft Press release Bitcoin News, Coinbase exec says major Ethereum scaling improvements coming soon, Owner of Russian bank Tinkoff acquires Swiss digital asset firm, Republic of Palau Partners with Ripple to Develop Digital Currency Strategy. For billions of people, the mobile web will be their gateway to Web 3.0 Deep integration with browsers is key to helping dApps (decentralized applications) build the best web experiences, said Anatoly Yakovenko, CEO of Solana Labs. Marius shook hands and traded information with tons of people from projects who thought Hubble had something to offer the world and wanted to work together, so expect partnership announcements as Hubble gears up for launch. Play Now! Other big conference reveals included statistics that show Solana is doing better than the average blockchain. Deploying Rust smart contracts on Solana, a blazingly fast blockchain (65,000 TPS) thats relatively new as well, presents yet another learning curve developers must deal with in the early stages of the network. As the conference wound up and the last few glasses of champagne were being drained, Gokul reflected on the significance of the event during the closing ceremony. During the Breakpoint conference, it was revealed that the Polygon Network, one of the largest blockchain ecosystems, will be added to the list of linked Wormhole networks. The project lead and head developer of Hubble Protocol, Marius Ciubotariu, was among the presenters leading a workshop on the conferences first day. At the Breakpoint conference, it was announced that Brave will be partnering with Solana to bring wallet features into Braves Web 3.0 desktop and mobile browsers in the first half of 2022 to the browsers 42 million monthly active users. NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Get the best of Forkast delivered to your inbox daily, JOIN FORKAST+ FOR EXCLUSIVE STORIES, REPORTS AND EVENTS, cross-chain communication bridge Wormhole, Crypto winter ushers in account freezes as platforms feel the chill, Okay Bears NFTs record sellout helps Solana net US$2B in sales, Crypto market tumbles amid uncertainty over Russia and Ukraine, NBA is taking the lead with blockchain, crypto, Philippine central bank governor says no plan to ban crypto, How crypto trading can become a life-consuming addiction. Will the Crypto Market Make a Comeback? Hubble will begin its mission to bolster DeFi on Solana by developing a crypto borrowing platform that allows users to yield interest on collateral deposits of multiple assets like SOL, BTC, and ETH. Newblock is a blockchain news service that covers bitcoin and altcoin news, technical analysis & forecasts for bitcoin price and other altcoins. Captained by a project lead with years of experience coding financial products for Bloomberg, it will be interesting to see what innovative services Hubble will introduce to Solanas blooming DeFi ecosystem as it powers through the future phases of its roadmap. Required fields are marked *. The four-day event will take place at three venues in the heart of Lisbon, and feature talks by Balaji S. Srinivasan, Jeremy Allaire, Sam Bankman-Fried, Meltem Demirors, Kyle Samani, and dozens more! Another feature of Solana that garnered the blockchain a great deal of attention was the launch of its cross-chain communication bridge Wormhole in August, which allows other decentralized finance networks to move tokenized assets across blockchains. The workshop will be led by Hubble Protocols project lead, Marius Ciubotariu, a veteran programmer who spent eight years developing FinTech solutions in Bloomberg LPs London office. Hubbles lead developer delivered his workshop to a packed house at the SUD Lisbon conference location. I think everybodys been talking about the energy across the whole set of events as the beginning of something really special, he said. For updates and exclusive offers enter your email. Buy gift cards/mobile Top Ups with Cryptos, Bitcoin Casinos Where, What and How to Play. Solana Breakpoint is organised by the Solana Foundation will bring together industry leaders, builders, and innovators from around the globe. The number of developers Solana had risen to 1,750 by the conference kick-off, and Co-Founder Gokal announced that Solanas plan was to increase that number to a million with sights set on servicing a billion people. Looking forward to seeing what the Solana community has to present at the Solana Breakpoint conference. SOL is up more than 850% from the beginning of July, after the successful launch of its non-fungible token series Degenerate Ape Academy and fast transaction speeds helped catapult the altcoin into the crypto top 10 in the past few months. Recognizing peoples attention is the driving resource under the current economic model of the internet, Brave compensates users each time they see an ad if they choose to opt-in with their own utility token, the Basic Attention Token, which can be paid forward to content creators. Yakovenko said, In relativistic terms, Solanas about four times slower than it should be. This website uses cookies. Since most users or contracts are pretty independent of each other, you have a chain that runs thousands of transactions per second without any conflict or threat to safety or performance. Blockchain analytics firm Nansen also announced the planned Q1 integration of a Solana dashboard to its platform to inform institutional and retail investors seeking to explore top-performing DeFi protocols, NFT launches and information on the Solana ecosystem as a whole. Decentralization and blockchain in social media have become the current zeitgeist since Facebook CEO Mark Zuckerbergs announcement the social media giant was exploring the metaverse as the next stage of social medias development. Visit our. Some left the hall impressed enough to share Marius workshop on social media. By continuing to use this website you are giving consent to cookies being used. Anatoly Yakovenko, Co-Founder of Solana, shared some mind-blowing statistics about Solana with the conferences main hall. Ciubotariu explained that he found working with Rust on Solana made more sense than building a DeFi protocol on any other network for several reasons. Marius workshop was one of the first technical presentations given at an international Solana conference. This website uses cookies. Blockchain is already being used to change this infrastructure in some projects, however. Ciubotariu found his way to the Solana community by participating in Solanas first hackathon, Season. Hype men pumped up the crowd and described the metaverse on Solana as something unlike any other. The room was full of developers who were all facing the same major issues with coding smart contracts in Rust on Solana. Nearly every presentation had incredible data to share about their project and the outlook of Solanas future. Could you be next big winner? Grab your Solana Breakpoint tickets here! Unfortunately, the conferences live stream cut off the first half of Marius workshop, Maintaining Global State in Solana. However, Solana has made Marius entire presentation available here on Youtube and the rest of the events recorded at Breakpoint. BitStarz Player Lands $2,459,124 Record Win! By continuing to use this website you are giving consent to cookies being used. Accordingly, the atmosphere at the conference was electric as Solana came out of its shell under the Portuguese sun. About his experience at Bloomberg, Ciubotariu shared, I was writing code to price exotic derivative products using Monte Carlo simulations in C++, built the derivatives lifecycle engine using OCaml (a functional language sharing a lot of similarities with Rust), and acted as a Tech Rep advocating for internal usage of Rust and OCaml and building infrastructure libraries in Rust and OCaml for the Bloomberg devs to use.. Your email address will not be published. Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding, Solana NFT Marketplace Magic Eden Reveals Airdrop, Plans to Launch DAO. After a stratospheric rise in the second half of 2021, the Solana blockchain a leading so-called Ethereum killer held its first global offline conference in Lisbon this week, giving its community and the industry as a whole plenty to look forward to in the coming months. Launched by one of the co-founders of the popular browser Mozilla Firefox, Brave is a privacy-focused web browser that blocks invasive ads, cookies and cross-site trackers. One of Breakpoints first workshop slots, titled Maintaining Global State in Solana, will address an important issue for successfully running smart contracts on Solana. Perpetually awash with lighting in Solanas signature purple, the sold-out Breakpoint 2021 event ran from Nov. 7 to Nov. 10, consisting of parties and panels showcasing the promise of the technology and projects being built on the emerging blockchain. Breakpoint will be attended by a long list of big names in crypto who will be leading panels in three different conference locations on the future of Solana, DeFi, and NFTs. Presentations revealed that the total value locked (TVL) in DeFi contracts on Solana topped $15 billion, and the networks NFT market had gone absolutely parabolic in the September and October leading up to the conference. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games. It will be hosted in Lisbon Portugal, from the 7th through to the 10th of November 2021. By continuing to use this website you are giving consent to cookies being used. This adds to Nansens existing analytics platform with data from over 100 million wallet labels across Ethereum, Polygon, Fantom and Binance Smart Chain. Over the course of three days, some of Solanas best developers will be meeting at Breakpoints Developer track venue, SUD Lisboa, to hold workshops beside Lisbons beautiful Tagus river. Lachlan is a journalist and producer at Forkast working from Melbourne, Australia.