- Solana faces its third DDoS attack in the past 6 months.
- The platform network failed to function early this morning.
- The attack has a significant effect on the price of SOL.
The Solana (SOL) currently ranks fifth amongst the top cryptocurrencies. It’s obvious that the higher you are, the more dangers you ought to face. Accordingly, the SOL network has been facing serious Distributed Denial-of-Service (DDoS) attacks for the past few months.
To the worst, on the early morning hours of January 04, 2022, just a few hours back to the time of writing, the SOL network still faced another DDoS attack.
Third DDoS Attack
Since the past six months, the current attack is the third DDoS attack for the SOL network. The DDoS attack, actually done by cybercriminals by bombarding the particular targeted network with multiple malicious traffic continuously. This overload of malicious traffic in ascertain time, exceeds the network’s capacity to withstand and manage such multiple requests. Therefore, during this time the network is prevented from functioning properly.
In spite of the attack, the SOL network went down completely. The issue was solved and the network came back live in a few hours though. Furthermore, analysts suggest that the growing DDoS attacks on the SOL network is because of the network’s certain drawbacks and flaws upon the SOL blockchain.
And so, SOL has to rectify all these issues in it’s blockchain in-order to sustain itself from surther of these DDoS attacks.
Possibility of SOL to Overcome Technical Issues
As sources suggest that the technical team from SOL network are working profusely to mitigate the DDoS attacks and work on correcting the blockchain flaws. Furthermore, with investigations, the team from SOL network has identified that major of the flaws in the blockchain of SOL are fundamental flaws.
However, the DDoS attack obviously did have certain effects on the price of SOL. Ever since the attack the price of SOL fell down quite a little but not majorly. The price dropped down about 3.34% for the past 24 hours into consideration.
Besides, currently the price of SOL stands at $168.07. In addition, the fact is that currently the SOL bearish trend as the overall market tends to be down. And also, the DDoS attack seems to be of certain impacts too.
A Project Engineer by profession, a writer by passion. Especially into the critics and skeptics on cryptocurrency. His fascination towards the crypto world and his personal experience on it has made him a writer with a taste.