Several users, Coinbase, Wu Blockchain, and Redditors relayed an issue on the Solana blockchain platform on January 4th, and it was difficult to determine what this issue was.
The bulk of people reported that transactions are either failing or confirming at a very slow pace.
Anatoly Yakovenko, a co-founder of Solana, stated that the Solana network was not subjected to a DDoS attack during this occurrence.
Meanwhile, WuBlockchain stated on Twitter on Tuesday at 4 UTC that Solana was unavailable. The bulk of participants in the Telegram channel indicated that it was a DDoS attack on the network.
Solana went down again around two o’clock in the morning (UTC+8) on January 4th, according to Wu Blockchain.
The attacker is accused of utilizing spam to launch a DDoS attack, as reported by members of the official Telegram community.
as result, a user on the subreddit “r/CryptoCurrency” shared screenshots. The user established that he was unable to make any payments on the Solana network through various screenshots.
This is why, according to Redditor u/Set1Less, you shouldn’t rely your decisions on a service’s status page, specifically if it claims to be a decentralized blockchain but is really just a fancy database.
Coinbase also claimed that the Solana network was delayed for the past 24 hours, including transaction errors.
On Twitter, Yakovenko reaffirmed his position on the topic, explaining that it was not a DDoS attack, but rather the “pain of having a new runtime commercialized.”
The cost model for computing is still odd, according to @aeyakovenko, and the actual fix for this comes in 1.9, where TXs must disclose all the resources they need upfront.
In the entire cryptocurrency business, the Solana concept is a highly efficient Layer1 blockchain network. The Solana blockchain offers a lot of possibilities for handling network traffic.
In the last year, the native token of the Solana protocol, SOL, has increased by roughly 8,625 percent. Even though the SOL token’s price is high in contrast to other major cryptocurrencies, the Solana network only charges a fraction of a penny in transaction fees.
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