The Solana ecosystem has received significant criticism from the crypto community for its failure to adequately handle network-related problems. However, a DDoS attack struck the platform earlier today. Due to the attack, it was unable to manage many requests to protect the network from the attack. For the third time in six months, the fifth-largest cryptocurrency by market size has suffered a DDoS assault.
What is a DDoS attack?
A distributed denial-of-service (DDoS) attack is a malicious attempt to interrupt regular traffic to a targeted server, service, or network by flooding the target or its surrounding infrastructure with Internet traffic.
DDoS assaults are effective because they use numerous hacked computer systems as attack traffic sources. Computers and other networked resources, like IoT devices, may all be exploited machines. A DDoS assault is analogous to an unforeseen traffic jam filling up the roadway, preventing regular traffic from reaching its destination.
Networks of machines with an internet link carry out DDoS assaults. Computers and other devices such as IoT devices make these networks. These devices are usually infected with malware, allowing an attacker to manage them remotely. Individual devices are known as bots (or zombies), while a network of bots is known as a botnet.
After establishing a botnet, the attacker may conduct an attack by sending remote commands to each bot. When the botnet targets a victim’s server or network, each bot sends requests to the target’s IP address, possibly overloading the server or network and triggering a denial-of-service attack on regular traffic.
Why is SOL vulnerable to any type of attack?
The platform encountered disruption earlier today, but it was able to swiftly resolve the network congestion. Grayscale building blocks covered the same thing, highlighting possible network security vulnerabilities.
According to the research, the SOL ecosystem works on a Proof-of-History consensus process. However, this consensus method is not very commonly popular. Furthermore, it may not work as planned. It has also shed light on the flaws in the encryption that underpins the platform, including issues that impair web functioning or make it vulnerable to assault.
Although the enterprise made record earnings in 2021, a DDoS assault at the start of the mega year harmed its image. On the other hand, a good start is only a half part; on the other hand, the platform may face a difficult year if the problem is not totally resolved.
The Solana ecosystem, on the other hand, is working hard to correct the prevalent basic faults. Following a significant DDoS assault in December, on-chain development activity is on the rise. Santiment, a crypto metric platform, reports that SOL developer activity is on the upswing. As a result, although development is ongoing, the platform will shortly fix all current bugs to increase price action.
A recent DDoS assault on the SOL price has brought the price down by more than 3% in the previous 24 hours. Especially when the platform was attacked for the first time in September, the price movement was from $220 to $140. Although the other two have no effect on the pricing, they are a threat to the whole ecosystem’s growth.