Solana forced its way into the top 5 cryptos, bringing one of the most functional blockchain technologies that provided an alternative to Ethereum’s decentralized finance (DeFi) solutions.
As the popularity of Solana grew, so did users who were actively seeking an escape from Ethereum’s absurd gas fees. However, Solana has been unable to optimally manage its exploding ecosystem in 2021.
The Ethereum Killer is Killing Itself Solana has fallen victim of a second DDoS attack. In this situation, hackers often employ a botnet to send multiple requests to the target’s IP address, causing an overload, resulting in a denial of service to users.
On Thursday, December 9, users of the Solana Network began complaining of clogging and tokens taking too long to be distributed on the network – an unnatural phenomenon in the reputable high-speed blockchain network.
The Solana Network, famous for processing over 2,000 transactions per second, was seen stumbling along at speeds below 500 on Thursday. However, the network remained online while users continued to struggle through transactions.
Solana’s troubles can be traced back to its Solana 1.6.25 Mainnet Upgrade. Before a DDoS attack shut down the Solana Network for 17 hours between September 14 and 15, the network had been experiencing similar issues.
On The Flipside
- Despite recurring network issues, Solana (SOL) remains one of the best performing cryptos in 2021, gaining 1,000% year-to-date
The year-to-date price chart of Solana (SOL). Source: Tradingview
Why You Should Care?
The Solana Foundation needs to profer a solution to the recurring network issues or risk stunting the growth of its ecosystem
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