- According to crypto journalist Colin Wu, the attacker most likely launched a DDoS attack using spam.
- In September 2021, Solana suffered a 17 – hour break that prompted a massive sale that raised its price from $ 220 to $ 140 in 24 hours.
The Solana blockchain suffered another break early in the morning of January 4, making it the third time in less than six months. One part of the Solana community links the network disruption to a simple network failure due to high traffic, while others believe it could be due to a distributed service (DDoS) attack.
According to crypto journalist Colin Wu, the attacker most likely launched a DDoS attack using spam.
Solana fell again at two in the morning (UTC + 8) on January 4th. According to users from the official Telegram community, the attacker is suspected of using spam to carry out a DDoS attack.
Although the network was restored after five hours, many users were very skeptical about its future use. Solana has long been compared to Ethereum, as various experts have predicted that what it takes to steal a large chunk of Ethereum’s market share.
One Reddit user who responded to the news claimed that a network that goes down so often will not be able to attract serious traders. Despite being blamed by the Solana community as a DDoS attack, Solana Labs co – founder Anatoly Yakovenko says otherwise.
It’s not DDoS, but pain (sic) from getting a new run to market.
Solana was hit by slowdown and downtime last year
Solana is proud to be the fastest network in the world, with an incredible increase in adoption over the past year. In September 2021, the network also hit a 17 – hour break that prompted massive sales that lifted its price from $ 220 to $ 140 in 24 hours.
Solana Mainnet Beta significantly increased its transaction load by 400,000 TPS. These transactions flooded the transaction processing queue, causing the network to take precedence due to the lack of priority of network critical messaging.
In particular, Solana was not the only cryptocurrency network affected by an accident in September last year. The Arbitrum layer 2 Ethereum network also had a similar fate for 45 minutes. They claim, however, that user funds were not compromised.
Recently, the network suffered another DDOS attack that slowed down the network, but did not bring it down. This was quickly cleared by Austin Federa, chief communications officer of Solana Labs and linked to major transactions during an Initial Decentralized Exchange Offer (IDO) that landed on Solana blocks. According to him, this required a lot of computing power.
The network did not measure the calculation for such transactions correctly, and required the blocks to process much longer than the network expected.
The frequency of delays is said to be a major disruption and may have led to Dapp creators considering using Solana’s network to search for their products and services elsewhere.