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ethereum killer solana network crashes for third time in six months

admin by admin
January 5, 2022
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ethereum killer solana network crashes for third time in six months
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  • Solana’s blockchain platform is usually touted as a potential various to Ethereum.
  • Scaling points are frequent for a lot of blockchain platforms, however Solana has suffered a number of breakdowns in lower than six months.
  • Solana suffered an inadvertent DDoS assault lower than a month in the past.

The Solana blockchain, which is usually touted as a competitor to Ethereum, has suffered an outage for the third time in a matter of months. It’s unclear whether or not the problem was a easy community failure due to excessive visitors or whether or not the community collapsed due to a distributed denial of service (DDoS) assault by hackers.

“Solana went down once more at two o’clock within the morning (UTC+8) on January 4th. In response to customers of the official Telegram neighborhood, the attacker is suspected of utilizing spam to conduct a DDoS assault,”
tweeted crypto journalist Colin Wu. He added that the community returned to regular after 5 hours, at 7 o’clock on the identical day.

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Solana went down once more at two o’clock within the morning (UTC+8) on January 4th. In response to customers of the official Tel… https://t.co/MsRPYFSPNc

— Wu Blockchain (@WuBlockchain) 1641256947000

Different reviews point out that it took about 4 hours for the community to come back again up. “One other 12 months.. and one other episode of Solana taking place. Right now it went down for a couple of hours within the early morning Asia time, and it took virtually 4 hours to deliver it again up. The Solana neighborhood blames it on a DDOS assault. Lol,” a submit on the
subreddit for Solana stated lower than a day in the past.



There have additionally been many reviews on Twitter, which embody all the pieces from only a very gradual community to a big DDoS assault that took the entire community down. The Solana Basis has confirmed none of those yet, although it could possibly’t actually deny the truth that the community witnessed slowdown, for the reason that similar could be tracked in actual time.

Solana Labs co-founder Yakovenko, although, has
tweeted that the problem wasn’t a DDoS assault. “It’s not a DDoS, simply ache (sic) of getting a brand new runtime commercialized,” he wrote.





Why does it matter?

Because the Reddit submit cited above stated, “A community that goes down this usually won’t ever have the ability to appeal to severe merchants.” Solana is usually touted because the quickest blockchain community on the planet, although many argue that Algorand is a viable various too. Nonetheless, Solana’s adoption has seen a manifold improve within the final 12 months.

That is the third time Solana’s community suffered an assault

Yesterday’s incident got here lower than a month after the same slowdown. On the time, the Solana Basis
attributed the slowdown to an Preliminary DEX providing (IDO) from Radium, a Solana-based decentralized trade.

The platform had additionally suffered a 17-hour outage in September this 12 months, main the worth of its cryptocurrency to fall from $220 to $140 in lower than 24 hours. “Solana Mainnet Beta encountered a big improve in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging prompted the community to start out forking,” the Solana Standing Twitter account
tweeted on the time.

Slowdowns in blockchain platforms isn’t notably new although, and Solana isn’t the one platform that suffers from these both. Nonetheless, the truth that such slowdowns have occurred a number of instances in lower than six months may trouble many decentralized app (Dapp) makers who might have in any other case thought of Solana because the medium for his or her services and products.

SEE ALSO:
Coinbase CEO Brian Armstrong has bought a $133 million mansion in Bel Air, a report says

The SEC hires a senior advisor for cryptocurrency policy after a blockbuster year for digital assets





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