Solana (SOL), the blockchain of the fifth most capitalized cryptocurrency and the “ethereum killerAmbitious, again faces difficulties. The distributed digital asset ledger once again suffered a DDoS attack, resulting in a temporary disconnection from the network.
The DDoS attack
According to information from the CoinGape portal, on the morning of January 4, Solana was the victim of a DDoS attack, as a result of which the network briefly failed. Remember that a DDoS attack consists of sending multiple requests to the attacked web resource in order to hinder the website’s ability to manage requests and block its operation.
In the case of SOL, this is the third similar incident in six months. The network of the fifth cryptocurrency by market cap was not available for several hours and only came back to life around 7 a.m. (UTC + 8). At the time of writing this article, the Solana blockchain is already fully operational.
Possible causes
It is likely that the growing number of DDoS attacks on the SOL network is due to fundamental flaws in its blockchain. the safety report of December 2021 provided by Grayscale points out that Solana uses a new blockchain technology, the cryptography of which can be based on flaws that potentially affect the functionality of the network and make it vulnerable to attacks.
The SOL team minimizes the importance of attacks suffered by the network. However, the community is convinced that the project should focus on solving this problem, because even if the developers try to secure the network, it still remains practically vulnerable.
SOL hit its all-time high of $ 260 last November. Currently, the price of this asset has fallen more than 35% from its ATH and is trading around $ 168, which is 3% lower than the previous day. Solana’s current downtrend in prices is the result of a general bearish sentiment in the market and the DDoS attack does not appear to have had much of an impact so far.
Source: CoinGape
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Jade Moreau
The blockchain offers so many possibilities! After NFTs and the metaverse, who knows what this technology can still offer us? This universe fascinates me and I love to read and write about it. I wish you so much fun reading me!
