Key takeaways:
- Over the last 24 hours, a distributed denial of service (DDoS) attack has apparently hampered Solana’s blockchain performance, but the network appears to have remained online the entire time.
- A DDoS attack is when a huge number of coordinated devices, such as network botnets, flood a network with bogus traffic in order to take it down.
According to Coingecko data, the price of Solana (SOL) has dropped 6.4 percent in the last 24 hours, to $ 182.79 as of press time. SOL is down 26.1 percent in the last 30 days, despite the pullback of most of the leading crypto assets.
The Solana blockchain was reportedly subjected to yet another DDoS attack, which temporarily blocked the network, but it appears that the network is still operational.
A distributed denial of service (DDoS) attack is said to have harmed Solana’s blockchain performance in the last 24 hours, but the network appears to have remained operational
A DDoS attack is when a botnet or a large number of coordinated devices overwhelm a network with fraudulent traffic in order to bring it down.
It wouldn’t be the first time Solana has experienced this problem; in September, TBEN reported that the network was down for 17 hours owing to high bot activity during an Initial DEX Offering (IDO) on the platform. Based on Solana, DEX Raydium form.
The current DDoS attempt was noticed by the SOL-based NFT platform Blockasset on December 9th at about 3 p.m. UTC when it discovered:
“We know that it will take a long time to distribute the tokens. The SOL chain is overloaded with DDoS attacks that clog the network and lead to delays.“
GenesysGo, a Solana-based infrastructure business, also reported the problem, claiming the validator network was having trouble processing transaction requests, but that the problem was due to “growing pains.”
“THE #SOLANA THE VALIDATION NETWORK IS HAVING PROBLEMS THIS MORNING.”
The nature of the problem is unknown at this moment because the Solana Foundation has not officially confirmed any attacks, while Status. Solana shows that the network is fully working at the time of writing.
However, multiple Twitter accounts claimed that Solana had been shut down globally, with Verbit CEO Roy Murphy (a BSV supporter) clarifying that “Solana crashed again and is now offline.” Experts are attempting to reactivate the system. “Seriously, you can’t make that up! “
Members of the r / Solana subreddit blamed the network’s clogging on another Raydium IDO launch earlier today, with user “u / Psilodelic” penning an article headlined “Why Are Raydium IDOs Clogging?” “What are we going to do about the Solana network?”
“My biggest concern with Solana right now is the performance impact during the high volume operations and launches associated with Raydium IDO. Literally, every performance issue in the past 6 months, including the 17-hour outage, was the result of the introduction of Raydium, ” they stated.
In response, one of the “Laine sa” group’s moderators did not specifically clarify whether Solana’s network issues were due to Raydium again, but did note that “stop gaps” had been put in place. Since the DDoS attack in September, the following locations have been used to keep Solana online:
“At the moment there is a priority gap for reconciliation transactions, to prevent crashes altogether takes time. However, it is checked. ”
Many Reddit accounts are questioning the decentralized nature of the Solana chain stating things like:
“Last Solana network crash showed the world how this blockchain is so centralized and how it is far from mass adaptable.”
“So we are saying a decentralized blockchain is as vulnerable to DDOS as a centralized website, and Solana is one of the most centralized coins in the market.”
