A week ago, the Ethereum network was attacked by a DDoS attack that disrupted normal operations. This has temporarily caused some work on Solana to be delayed and costed the project $1000 in lost revenue as well as legal fees associated with fighting off competing interests while they were trying to restart their systems.
The “solana dos attack” is a recent DDoS attack that has caused the Solana network to increase in on-chain development.
Despite a recent denial-of-service (DDoS) assault, Solana, the fifth-largest cryptocurrency by market value, is topping on-chain development charts.
Solana has eclipsed Polkadot and Cardano’s daily GitHub contribution rates to become the #1 blockchain in the last month, according to Santiment statistics. Between Nov. 12 and Dec. 13, the number of daily GitHub contributions for Solana hit 90, followed by Polkadot at 76, and Cardano at 65.
Bitcoin, Solana, Cardano, and Polkadot daily GitHub uploads Nov. 12–Dec. 13 2021. Santiment is the source.
The increase in on-chain development activities for Solana follows a recent DDoS assault on Dec. 9 that severely hindered the network. Although the fifth-largest blockchain was able to resolve the problems without shutting down the network, it raised severe worries about network vulnerability.
A distributed denial-of-service (DDoS) assault is a coordinated botnet-targeted action that floods a network with bogus traffic. Many analysts blamed basic design issues and Solana’s Proof-of-History (PoH) consensus system for the coordinated DDoS assault. Solana’s usage of PoH was previously mentioned in a Grayscale Investment report, which stated:
“The Solana consensus method makes use of a very new blockchain technology that may or may not work as anticipated.” The encryption underpinning the network may have weaknesses, including faults that damage the Solana Network’s functioning or render it subject to attack.”
In September, the Solana network had a similar problem when a rapid rise in transaction volume caused a nearly 17-hour network outage. Engineers at the time were unable to remedy the problem, and validators were forced to restart the network.
In 2021, the Solana blockchain is expected to be one of the fastest-growing smart contract networks, with a growing number of decentralized finance and nonfungible token projects using it. The project’s rising popularity has prompted parallels to Ethereum, and some have called it the “Ethereum-killer.” However, mounting worries about the network’s core might be troublesome in the long term.
Before the DDoS assault, Solana was aiming for a new all-time high over $200, but it plummeted to a weekly low of $164.15. According to CoinGecko, SOL is now trading at $165.20, down 1.3 percent in the last 24 hours.
Watch This Video-
The “solana news today” is a recent DDoS attack that has caused the solana on-chain development to increase.
Related Tags
- solana shut down
- solana outage post mortem
- why did solana go down
- solana vs ethereum
- is solana a good investment