Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastucture for modern internet applications.
The ‘Solana Status’ team explained that the issue occurred due to an increase in high-computing transactions. This is the second failure Solana has experienced in a span of 7 days.
For the second time this week, the blockchain Solana experienced outages that obfuscated network performance.
Solana which promises a high capacity of 50,000 transactions per second (TPS), suffered an incident on Thursday that caused a noticeable slowdown in the network. According to reports, the capacity was reduced to ” several thousand transactions per second “.
Some users in the community speculated that the Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. could be under another distributed denial of service (DDoS) attack. On Tuesday, Solana had experienced a similar backlog of transactions and reports had pointed out that the network was under such an attack.
However, it appears that the most recent failures would not have been caused by the malicious actions of hackers. Instead, they are occurring due to an increase in high-computing transactions. The Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ ‘ Solana Status ‘ he reported:
The Solana network a network refers to all nodes in the operation of a blockchain at any given moment in time. is experiencing degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is causing some failed transactions for users.
1/ The Solana Network is currently experiencing degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to some failed transactions for users.
— Solana Status (@SolanaStatus) January 6, 2022
“ Developers across the ecosystem are working to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. these issues and improve network resiliency “, the account added.
Solana suffers repeated failures
The reports come just days after the network experienced similar failures. As reported by DiarioBitcoin , Solana registered an interruption in its operations for at least four hours in the early hours of Tuesday morning. The inconvenience caused difficulties for some users, who suffered failures when making transactions on the network.
At that time, cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange Coinbase is an American company that operates a cryptocurrency exchange platform. warned its clientele about the network slowdown. According to some reports, Tuesday’s outage was due to a DDoS type attack that would have used spam to congest the network. However, the co-founder of Solana Labs , Anatoly Yakovenko, later denied these rumors. He responded about the event in a tweet :
It’s not a DDoS, just the pain of marketing a new runtime.
Discussions about the Solana network’s problems have been circulating in crypto space in recent weeks, following repeated failures of the platform. Last year, Solana saw two other similar drawbacks including a DDoS attack confirmed that it occurred after the launch of a exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. (DEX) and a network outage of more than 15 hours .
Community users have expressed concerns about the project in the wake of these events. On this occasion, the investment director of Cyber Capital capital is most commonly defined as the large sum of money you would use to invest. Justin Bons, shared a serie de tweets in which he listed the reasons why he does not support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the Solana . The platform a place to buy, sell and store cryptocurrency “ consistently exhibits a pattern of misbehavior ” y “ prioritizes attracting ignorant investors over good blockchain design “. Bons also criticized network security and mentioned that DDoS attacks are not the only concern.
SOL security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. is not just about DDoS attacks, as this attack can also be combined with a 51% attack. Allowing an attacker to temporarily gain proportional control of the network by attacking other stakeholders.
Yakovenko described these criticisms as ” exhausting nonsense ” y assured that it is ” impossible.” make a DDoS attack on a private key . It should be noted that the Solana Foundation has not commented on the most recent issues seen on the network this week.
????♂️, exhausting nonsense. it’s impossible to ddos a private key. The public key of which validator a participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards. signs the shreds for the block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. are in the leader schedule, not the physical link on which they receive txs or transmit shreds. https://t.co/ZNIy49PIb4
– anat◎ly ???????????? ???? (@aeyakovenko) January 6, 2022
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Article versioned by Hannah Estefania Perez / DiarioBitcoin
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