This is the third DDoS attack Solana has suffered in a span of five months. The failures have raised concerns and criticisms about the project.
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The blockchain Solana apparently experienced a new distributed denial of service (DDoS) attack. According to reports on Tuesday, the network experienced an outage during the early morning hours for at least five hours, although it is back up and running normally by press time.
Reputed Chinese journalist Colin Wu reported the platform a place to buy, sell and store cryptocurrency crash via his official Twitter account. La red Solana suffered an interruption from 2 a.m. until 7 a.m. (UTC + 8) . It is suspected that the disconnection was due to a DDoS attack that would have been carried out by attackers exploiting spam .
It was fixed after 7 o’clock (UTC+8) and returned to normal.
— Wu Blockchain (@WuBlockchain) January 4, 2022
Also the leading cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. in the United States, Coinbase is an American company that operates a cryptocurrency exchange platform. , warned to its users possible failures with the transactions of Solana since the network was experiencing a ” degraded performance across the network a network refers to all nodes in the operation of a blockchain at any given moment in time. “. The notice was updated seven hours later to indicate that the incident had been resolved.
A DDoS attack is a type of cyber attack that attempts to make a website or network resource unavailable by collapsing it with malicious traffic so that it cannot function properly. During this type of attack, a large number of coordinated devices, in this case it is speculated that spam congests a network with bogus traffic in an attempt to disconnect it.
Neither the foundation Solana nor the official Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of the platform did not provide any information about the network failures and the alleged DDoS attack.
Third DDoS attack suffered by Solana
This is not the first cyberattack he has suffered Solana in recent months. Last year the blockchain that uses a proof-of-history consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. mechanism fell victim to two DDoS attacks.
September, Solana suffered a interruption of more than sixteen hours due to a DDoS attack which targeted the initial 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. exchange offering of Grape Protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. on September 14. The prolonged network outage was the result of a massive increase in the transaction load, which supposedly ” flooded “The transaction processing list.
At that time, the executive director of Solana Labs Anatoly Yakovenko acknowledged that the problem was caused by bot trading and a massive increase in transaction load. The project opted to make an update to its beta version of mainnet an independent blockchain running its own network with its own technology and protocol. (main network) to solve the problem. ” Better now than when there are a billion users “, Yakovenko said about it.
Then, on December 9th, the network was hit by a second DDoS attack which temporarily congested 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. although Solana managed to stay online throughout the attack and network operations were not suspended.
El co-founder Raj Gokal deferred reports from that time and clarified that there had been no DDoS attack. Instead, it said that the network had slowed down due to the set of tokens non-fungible (NFT) based on Solana , SolChicks that reveló que their NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). were responsible for performance issues on the blockchain.
That incident came just days after the platform experienced another outage that lasted nearly 6 hours. On 4 December, the beta cluster of mainnet network stopped producing blocks in slot 53,180,900, which prevented new transactions from being confirmed on the blockchain, as reported by Cointelegraph .
Concerns about the project
It should be noted that in none of the attacks Solana has experienced losses of funds. Instead, the main effects the platform has suffered as a result of these attacks have been the slowdown and suspension of transactions and network operations. Also, the developers have pushed several efforts to optimize the network in the wake of the previous failures.
The repeated outages of the platform have caused great anxiety for the traders of the Solana as well as generated community criticism for the project that enjoyed great growth during 2021. Launched in 2019, the blockchain has been described as a “Ethereum killer The “low transaction fees and high capacity to process transactions.
However, some have attributed the design flaws fundamental to the blockchain of Solana , which has led to debates about the centralization and transparency of the project. “ The network selects a validator a participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards. to be the exclusive transaction propagator for a certain time. This means that the entire network is in the hands of this validator. Bribe, hack or DDoS this validator, and the network is fucked. “, said one Reddit user.
Last year, Solana saw an accelerated growth that made it one of the leading networks in the Blockchain for decentralized finance (DeFi), with a total locked value (TVL) in your almost USD$12 billion by the time of editing. For its part, the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. native to the network, SOL The price of the USD $260, also increased more than 120 times during 2021, reaching an all-time high of USD $260 in November.
According to updated data from CryptoMarkets , SOL is currently priced at USD $170, down 1.5% in the last 24 hours.
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Sources: CryptoPotato , CryptoNews , Cointelegraph , archive
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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