TMS Network (TMSN) Emerges as the Most Favored Cryptocurrency in the Next Bull Run
Solana and Cardano are some blockchain projects touted as the possible successors of Bitcoin and Ethereum. However, the latest developments point to trouble, meaning crypto enthusiasts might have to look elsewhere for the next big blockchain project.
The TMS Network (TMSN) is among the hottest contenders for the next big thing crown. It has emerged as one of the most favored blockchain projects in the next bull run because it solves most issues plaguing Solana, Cardano, and others.
TMS Network (TMSN) is a decentralized platform that allows users to create and trade digital assets, such as tokens and NFTs. It is built on top of the Ocean Protocol and Fetch.ai, two of the most promising blockchain networks in the industry.
What makes this platform outstanding is its unique approach to tokenization. It uses a “tokenization as a service” model, allowing users to create custom tokens and NFTs without
Solana Outage Freezes
The cryptoverse is reeling in shock following a Solana network outage. According to reports, the platform’s developers began forking the network on Saturday, and shortly after that, validators’ RAM began increasing while the chain’s transaction throughput suddenly cratered. As a result, users could not do anything on-chain.
Solana has been touted as one of the most promising blockchain networks, with the ability to handle up to 50,000 transactions per second. The platform has over 200 nodes on its testnet. Like many other blockchain platforms, including Ethereum and TMS Network (TMSN), Solana uses the Proof-of-Stake (PoS) consensus mechanism to authorize transactions. This allows more transactions to be carried out per second.
Due to the network freeze occasioned by the forking incident, the network’s transaction per second (TPS) fell to 93, then below 5000 per 15 minutes. As a result, many validators rushed to downgrade their software to the previous stable network to keep running.
Following the incident, the Solana Foundation released a statement acknowledging the outage and arguing that it was caused by a “massive spike in memory usage” due to a sudden spike in transaction volume. “The issue caused the network to fork, and validators could not reach a consensus. The Solana team worked to resolve the issue and restored the network to normal operations after approximately six hours,” the reads further.
However, the event has raised questions about the network’s stability and scalability. The effect of the stumbling is more severe when viewed in the context of Solana’s previous outages. The network experienced two major outages in 2022 and another in 2021.
Cardano (ADA) Founder Hints that CoinDesk’s Acquisition is Close
Meanwhile, Charles Hoskinson, founder of Cardano (ADA), hinted at the possibility of acquiring CoinDesk. CoinDesk is a leading cryptocurrency news outlet with a huge following. Hoskinson made the announcement during an Ask Me Anything (AMA) session on YouTube, where he stated that his team was in “serious discussions” with CoinDesk.
Hoskinson, a former co-founder of the Ethereum blockchain, did not provide any further details on the matter. However, he did mention that the acquisition could help Cardano become more widely recognized in the cryptocurrency space. CoinDesk has been a prominent player in the industry for several years, providing news and analysis on cryptocurrencies and blockchain technology.
The news appears to have injected some life into the Cardano (ADA) token, whose price rose slightly in the closing hours of Sunday. The coin jumped from $0.3597 at 20:40 GMT to $0.3698 forty minutes into the new day, Monday.
Interestingly, Input Output Global, Inc., the company in charge of the Cardano blockchain, issued an update less than two weeks ago. The update was described as Valentine’s gift to the community. However, it may also have been a plea to the market to salvage the ADA price, which has been declining for much of this year. Nonetheless, the gift doesn’t seem to be working as intended because ADA’s price is lower at the time of writing.
You can find out more about TMS below:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
Twitter: https://twitter.com/tmsnetworkio
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