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The Solana network, a promising blockchain project that has seen some success in the last few months, was hit by an alleged DDoS attack early on Wednesday morning.
Projects like these need to be able to withstand attacks of this magnitude without any noticeable negative impact and make sure they can continue their work with no interruption from other sources. Because it’s essentially hardcoded into smart contracts that users are not allowed to issue new tokens or otherwise manipulate data after reaching consensus about what the state is at any given time for added security, attackers must have had access to nodes controlled by developers who could have done something like send out fake versions of transactions when under siege.
The solution? The team will suspend all trading activity until further notice while they investigate how exactly such a hack might have occurred as well as take steps towards preventing future vulnerabilities in addition to implementing additional safety measures designed specifically for large scale decentralized systems.,
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The “solana network status” is a cryptocurrency that has been subject to an alleged DDoS attack. The solana network has slowed down to a crawl following the incident.
The Solana network witnessed a severe slowdown in transaction processing on Thursday, raising concerns about another DDoS assault.
However, GensysGo, a blockchain service provider, downplayed the issue, blaming it on “growing pains” rather than design problems.
“This morning, the #Solana validator network is having troubles. As the network struggles to handle txn requests, TPS concerns arise. This is blockchain, after all. If your txn ID was accepted, it is not lost, but just pending. “It’s just growing pains!”
Nonetheless, investors are becoming more concerned about the protocol’s security and resilience, given that this is the second such event since mid-September.
Is Solana a concentrated city?
The first sign of a DDoS assault was on Thursday at 15:00 GMT, when Blockasset, a Solana NFT platform, tweeted that they were aware of extended token distribution periods. They went on to say that the network was being flooded by a DDoS assault.
Blockasset has now removed the tweet, but the incident was documented in a Reddit thread.
A distributed denial-of-service (DDoS) attack is an effort by a hostile party to interrupt a target’s usual traffic by flooding it with internet traffic.
The Solana Foundation has yet to issue an official statement about the event. And, for the time being, users are reporting regular service.
However, since there is no single point of failure, distributed or highly decentralized networks tend to minimize DDoS assaults. While this recent event has not been validated as a DDoS assault, Solana did disclose on September 14 a “low-level bot” attack that flooded the network.
The network was shut down by the developers in response to the September assault. Solana was accused of being too centralized as a result of this.
The knife is twisted by rival users.
The Cardano chain has yet to break or go down, according to Twitter user and Cardano stake pool operators @Cardanians io. The project’s methodical approach to blockchain, he adds, “pays off.”
“#Solana has collapsed once again. It’s pointless to chuckle since #Cardano might face the same fate. However, it hasn’t occurred yet, and it’s worthwhile to consider why. Cardano is a mission-critical system in the making. The scientific method makes reason and is effective. $ADA $SOL ADA $SOL ADA $SOL ADA $S
Cardano reached a milestone of 20 million transactions handled at the beginning of December, all without a single outage issue in its four years of existence.
Users drew attention to Algorand’s “better security” in not disclosing a list of selected validators in advance in the Reddit thread chronicling the purported DDoS attempt.
Solana, Technology, Solana, Solana, Solana, Solana, Solana
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The “solana ddos attack” is a recent event that has caused the Solana network to slow down. The alleged DDoS attack has been blamed on a group of hackers.
Related Tags
- solana fix
- solana instability
- solana attack
- solana resource exhaustion
- solana criticism reddit
