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Solana’s genesis story — Anatoly Yakovenko's vision for a high-performance blockchain

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Solana co-founder Anatoly Yakovenko recounts the “eureka moment” that birthed the blueprint for the layer one smart contract protocol aimed to be “hyper-optimized” and “fast as possible”. “I literally had two coffees and a beer, and I had this eureka moment at four in the morning," Solana co-founder Anatoly Yakovenko recalls as he leans back thoughtfully.  Speaking to Cointelegraph at the annual Breakpoint conference in Amsterdam, the co-founder recounts a late night brainwave of a “hyper-optimized, fast as possible” smart contract blockchain protocol. “The use case that I was going after was for central limit order books, like how to run something that's like the Nasdaq, but on a public permission-less blockchain ,” Yakovenko explains. “I thought that there was a clear win there if you have transparent data, everyone has fair and open rights and all this stuff is running on commodity hardware.” From surfing to smart contracts Solana’s roots are intrinsically linked to Yako...

Silver Golub & Teitell LLP Files Class Action Lawsuit Against Digital Currency Group and Barry Silbert

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Silver Golub & Teitell LLP has filed a securities class action lawsuit against Digital Currency Group (DCG) and its founder and CEO, Barry Silbert . The plaintiffs’ law firm filed the lawsuit in the United States District Court for the District of Connecticut on the grounds of allegations of violations of the federal securities law. The lawsuit has been filed on the behalf of individuals and entities who had loaned digital assets to DCG’s Genesis Global Capital. Read more: Shiba Inu: 108M SHIB Burned by a Single Wallet, Burn Rate Spikes by 300% Source: The Block Complaint against Digital Currency Group alleges securities fraud Cryptocurrency lender Genesis officially filed for Chapter 11 bankruptcy on January 20, 2023. The crypto lender also halted redemption requests on November 16, 2022, citing liquidity issues. The complaint filed alleges that Genesis was engaged in an unregistered securities offering, which is in violation of Section 5 of the Securitie...