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Friday, August 19, 2022
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    HomeAltcoinSolana (SOL) faces another potential DDoS attack; network goes down

    Solana (SOL) faces another potential DDoS attack; network goes down

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    Solana (SOL), the fifth-largest cryptocurrency by market cap and one of many largest gainers in 2021 has reportedly confronted one other distributed denial-of-service (DDoS) assault. A DDoS assault normally sends a number of requests to the attacked internet useful resource – to exceed the platform’s capability to deal with a number of requests… and forestall the platform from functioning appropriately.

    The Solana network reportedly went down once more marking the third incident of its form over the previous six months. The downtime began earlier this morning and the community went up once more at round 7 o’clock (UTC+8) and presently functioning usually.

    The rising variety of DDoS assaults on the SOL community is believed to originate from basic flaws in its blockchain. A Grayscale security report from December 2021 highlighted that SOL makes use of a brand new blockchain expertise that isn’t broadly used, and will not perform as supposed. There could also be flaws within the cryptography underlying the community, together with flaws that have an effect on the performance of the SOL Community or make the community susceptible to assault.

    Can Solana overcome the technical flaws?

    The Solana community first went down for greater than 24-hours and even after a number of makes an attempt to repair it, the builders needed to finally restart the community. Whereas the core staff of Solana has performed down these assaults, the neighborhood thinks Solana must work on the elemental flaws. The altcoin had an outstanding 2021 regardless of minor ups and downs, however a possible DDoS assault at first of the 12 months once more highlighted that the community continues to be susceptible.

    SOL reached a brand new all-time excessive of $260 in November this 12 months and is presently down by 35% from the highest. The altcoin is presently buying and selling at $167 with a 3% decline over the previous 24-hours. The present downtrend in Solana’s value is a results of the general bearish market and the DDoS assault appears to have had little affect till now.

    Solana
    Supply: TradingView

    Disclaimer

    The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.

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