Solana blockchain

[PolcaInvest]

Wormhole token bridge loses $321M in largest hack so far in 2022
https://cointelegraph.com/news/wormhole-token-bridge-loses-321m-in-largest-hack-so-far-in-2022
The token bridge between Ethereum and Solana saw 120K wETH tokens removed from the platform and distributed between the hacker’s Solana and ETH wallets.
https://twitter.com/wormholecrypto/status/1489001949881978883

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[adiebitsler]

Solana is a web-scale, open-source blockchain technology that helps developers and organizations build decentralized apps and markets all over the world. Solana's protocol is quick, safe, and censorship-resistant, allowing developers to design apps with the freedom of an open infrastructure.

In addition, Solana also has a different appeal in the eyes of some investors so that the amount of volume can also be maintained very well although this does not have much effect on the decline and increase in prices in the market, because market conditions and the durability of a coin are always tested at the time as it is now.

[JrRini]

Solana is the world's most performant and efficient blockchain, built to be the perfect wave to ride into the next generation of the internet. Solana's high speeds and low fees means that it's become the blockchain of choice for payments, gaming, DeFi, web3, DAOs, and more. Solona Is Fastest & Safe Network

[susuberuang]

Solana is the world's most performant and efficient blockchain, built to be the perfect wave to ride into the next generation of the internet. Solana's high speeds and low fees means that it's become the blockchain of choice for payments, gaming, DeFi, web3, DAOs, and more. Solona Is Fastest & Safe Network

Now it's worth saying that to Solana but everyone also needs to look at it in the long term because it also has to have better resilience before everyone judges it very well because Solana still needs more development in this year.

[darewaller]

Honestly at this point with all of these problems, I would be very shocked if people are still invested into this. With this new Wormhole deal and Solana providing proof that they are as centralized as it gets whenever they want to handle something, it is a risk that I am not willing to take. How would I know if they wouldn't do something to my coins? I know I have a very little compared to all of this Wormhole debacle but I wouldn't want that type of power and there is no "proof" that they wouldn't attack me next.

Hacking, ddos attacks stopping it, freezing the chain, all of these are horrible looks for them that makes me want to never even touch one. I used to have some, sold it at a really high price luckily, got back in after seeing it drop, then I sold back again after a slight drop but because of the news and not the drop, overall I made a profit and I am not planning on getting back in.

[CaVO32]

Solana is the world's most performant and efficient blockchain, built to be the perfect wave to ride into the next generation of the internet. Solana's high speeds and low fees means that it's become the blockchain of choice for payments, gaming, DeFi, web3, DAOs, and more. Solona Is Fastest & Safe Network

Solana's network is proven to be very fast compared to ERC or BSC, this is what makes Solana's popularity skyrocket and it only took a year to compete and enter the top 5, unfortunately now there are many negative issues and market drops that have affected Solana's performance.

The market is somewhat bearish, and so this influence the Solana market as well. However, if the OP invested in SOL from the time he created this thread, which was about 75 cents at that time, he would have a very big ROI even selling at 100 bucks today. They already hit their ATH of about $260 and I believe, high probability that they will surpass that price level as many users are discovering the benefits of using SOL network. Exchanges are also including SOL in their chain options.

[SlimShadyMmp]

Ooh look at that bitcointalk already having discussion on this at barely 1 bucks and nobody took any attention and now we have sol at 100 bucks and thats even a dip Thats why following this kinda of discussions can help with the forecast and also provide better insight Kudos to SOL holders

[Daltonik]

Solana is getting closer to users, so it is reported that in New York, the Neon NFT marketplace based on Solana has placed a vending machine for the sale of NFT in New York near Wall Street. Cryptocurrency is not required to purchase tokens — users can pay with dollars on a bank card.

[Wildwest]

Solana is indeed one of the projects that we can rely on for the future, and now they have built their own blockchain network so that they have the possibility to develop for the future, with the current market situation holding the coin is the right choice because later it has a high possibility to increase, and currently very many investors who have followed the solana project because the team working on the project is indeed very active in building their project.

[Daltonik]

It is reported about scammers targeting the assets of users of the Solana network, they use phishing attacks by creating websites with airdrop NFT and also create various contests and as soon as users interested in such content visit a similar site and sign a transaction, all SOL is debited from the wallet and gets to the address of the scammers.

https://twitter.com/WuBlockchain/status/1500066606948708353

[casperBGD]

Cryptocurrency is not required to purchase tokens — users can pay with dollars on a bank card.

~snip

this is really good news
NFT vending machines are next level, and if you can buy it with credit card, it will spur bigger adoption from non-crypto natives

although, I think that $SOL price reached maximum in near term, maybe long-term it could rise, but that is five year horizon at least

[sana54210]

It is reported about scammers targeting the assets of users of the Solana network, they use phishing attacks by creating websites with airdrop NFT and also create various contests and as soon as users interested in such content visit a similar site and sign a transaction, all SOL is debited from the wallet and gets to the address of the scammers.

https://twitter.com/WuBlockchain/status/1500066606948708353

This is not just based on SOLANA, but on other places as well. Of course solana is a bit more about NFT and others are different, like BSC has airdropped tokens. You can dust attack and you see some coins on your wallet and you want to cash that out, so you go to their website, and see how you can trade, click on it, transferred to pancakeswap or whatever looking phishing website, connect your wallet and suddenly all of your money will be gone. That is the bsc method, and mostly ETH method as well, ADA has other methods, Matic has NFT as well and so forth. Basically it is rarely ever the same method for everything, but the results are always the same, getting hacked via phishing.

[Daltonik]

The Solana community also did not stay away from the terrible events that are currently taking place in Ukraine and collected $1 million in donations to its official Solana wallet of the Aid for Ukraine initiative https://solanabeach.io/address/66pJhhESDjdeBBDdkKmxYYd7q6GUggYPWjxpMKNX39KV/transactions the FTX exchange provides the conversion of funds to fiat, fundraising continues in both SOL and USDC and NFT.

[Benefactor]

I think Solana Coin is really great for venture particularly since Solana has been recorded on different trades including binance. Concerning esteem relies upon your own and future expectations are attached to how much interest and how much stock of these coins and the great administration of Solona Coin itself.

[omone1]

Solana is a layer1 protocol which has about 60,000 tps. It attempted to do 400k tps, the chain crashed which led to a temporary pause. The many tokens  I bought under solana ecosystem are currently under the dust waiting for redemption.

[Daltonik]

Let's hope that the developers of Solana have finally managed to fix the error that has already led to the shutdown of the blockchain several times, which occurred once again on June 5. As the developers found out, the bug consisted in the function of permanent one-time transactions.

https://solana.com/news/06-01-22-solana-mainnet-beta-outage-report-2

[safar1980]

Justice Department Probing Saber Labs Founders Over Solana-Based Projects: Sources
The investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber. The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber Labs, Ian and Dylan Macalinao, according to two people familiar with the matter.

[Daltonik]

Justice Department Probing Saber Labs Founders Over Solana-Based Projects: Sources
The investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber. The U.S. Department of Justice is investigating the two brothers behind Solana stablecoin exchange Saber Labs, Ian and Dylan Macalinao, according to two people familiar with the matter.

Of course, there are many factors that negatively affected Solana, including the actions of SBF, which actively acted on pumping and dumping some tokens, including Solana, which Alameda used as collateral for loans, such even began to be called "Samcoins". But be that as it may, Solana continues its development as a blockchain and, for example, fulfills its promise to release a Saga smartphone for which it has officially opened a pre-order in 33 countries.


Archive of an article in the New York Times about how SBF used FTX to pump some tokens: https://archive.is/T3XkX

[beerlover]

Of course, there are many factors that negatively affected Solana, including the actions of SBF, which actively acted on pumping and dumping some tokens, including Solana, which Alameda used as collateral for loans, such even began to be called "Samcoins". But be that as it may, Solana continues its development as a blockchain and, for example, fulfills its promise to release a Saga smartphone for which it has officially opened a pre-order in 33 countries.

Archive of an article in the New York Times about how SBF used FTX to pump some tokens: https://archive.is/T3XkX

I don't think Solana is that centralized to be pumped and dumped easily. SBF is only one of it's supporters but we should also consider the thousands of people who invest in the same project. However the collapse of FTX have affected the entire crypto market and not just Solana. After it I think Solana also faced some problems which worsen their price evenly.

Alameda have the rights to use Solana as their collateral whenever they take a loan because it was their own possession. They pay for the coin to be able to acquire it. It's nice to know that despite of the hardships Solana is facing now, they still have the passion to pursue their project.

[mich]

The new SOL smart phone is going on sale on May8. The new phone called 'Saga' is a crypto ready smart phone and will cost $1,000.
I think that we can look towards some gains with this 'bullish' news.  I think people will want to own it.  
https://finance.yahoo.com/news/solana-crypto-ready-saga-smartphone-170000392.html