On Tuesday morning, the Solana blockchain was apparently hit by another distributed denial-of-service (DDoS) attack.
The fifth-largest cryptocurrency by market capitalization and one of the top gainers in 2021, Solana (SOL) was hit by another distributed denial-of-service (DDoS) attack, bringing the network to a halt.
The Solana network went down once more, marking the third time in the last six months. On September 16th, 2021, the mainnet went down for approximately 24 hours after reaching a peak of 400,000 transactions per second.
According to Colin Wu, a well-known Chinese journalist, Solana went down on January 4th. The attacker was accused of launching a widespread denial-of-service attack using spam.
After around five hours, the network was up and running again. By making repeated requests to the victim’s web resource, a DDoS assault often overwhelms or clogs the network, preventing the platform from functioning properly.
The escalating number of DDoS attacks on the SOL network is thought to be the result of weaknesses in the network’s blockchain.
SOL employs a new blockchain technology that is not commonly utilised and may not perform as intended, according to a Grayscale security study dated December 2021.
The encryption underlying the network may have weaknesses, including faults that undermine the SOL Network’s functionality or make it subject to attack.
The Solana network hosts a variety of apps on a decentralised blockchain that the company claims is the fastest in the world.
SOL’s price is down 1.78 percent today, after falling from highs of $175.80 to lows of $166.47 during the outage, but it has recovered to $172.10 after the mainnet was successfully restored.