The recent Solana (SOL) forking event caused chaos across the Solana (SOL) blockchain. The issue started at 00:53 New York Time on the 25th of February, and significantly hindered the functionality of the network. While Solana (SOL) validators and engineers research the issue, investors are looking for alternative investments with TMS Network (TMSN) and Filecoin (FIL).
Solana Glitch Causes Price Crash
Solana (SOL) is widely considered one of the most efficient blockchain solutions. Created by the Solana Foundation, Solana (SOL) lets users make fast transactions for a fraction of the cost of other blockchains.
Solana (SOL) became a popular investment in 2021, after it increased in price from $1 to over $259. It has since diversified its applications, moving into the NFT market with platforms like SolSea. However, a recent fork in the Solana (SOL) blockchain has caused a number of issues. Validator’s RAM quickly increased, and thus transaction throughput crashed, significantly reducing the number of transactions that could be processed. According to Solana’s (SOL) data site, transaction rates went from 5000 transactions per second to 93.
As a result, the value of Solana (SOL) has decreased by 3.42% to $21.93, and trading volume has more than halved.
Filecoin (FIL) Up After Late February Slump
Filecoin (FIL) is a DeFi substitute for cloud systems. Most cloud systems are currently centralized and require a long winded verification process. With Filecoin (FIL), individuals can simply rent out and buy digital storage space around the world without having to jump through hoops.
Filecoin (FIL) has already been a big hit among investment companies, raising $257 million during its initial coin offering (ICO). This money was reinvested into the Filecoin (FIL) platform, helping Filecoin (FIL) to become a clear market leader in decentralized digital storage solutions.
Filecoin (FIL) has outperformed much of the crypto market in 2023, increasing from $3 to $9 during its recent high, before decreasing at the end of February. Despite this decrease, Filecoin (FIL) growth is back on the rise with a five-day price increase of 1.23%.
TMS Network (TMSN) Combines The Best of Trading In One Platform
TMS Network (TMSN) is looking to solve the lack of coordination within the investment market. With current options, investors are required to sign up for several platforms to invest in different assets. With TMS Network (TMSN), investors can invest in an enormous number of assets in a single place.
TMS Network (TMSN) was developed by a team of experienced traders – creating an all-in-one solution in which investors can buy cryptocurrency, stocks, forex trade, and more. Using the TMS Network (TMSN), investors can enjoy a number of lucrative features, from social trading to AI bots, all of which are designed to enhance the investor experience and maximize returns.
As well as offering the widest range of assets of any exchange, TMS Network (TMSN) is designed around security and transparency. Using a public ledger, anyone can view transactions, and several security features are in place to prevent fraud or market manipulation.
Having already increased during presale, investors predict that TMS Network (TMSN) could become a leading exchange in 2023, making it one of the best early investments currently available.
For more information about TMS Network (TMSN) check out the links below.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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