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Despite recent denial of service (DDoS) attacks, Solana is the fifth largest cryptocurrency by market capitalization, and it leads the development chart on the chain.
According to Santiment’s data, Solana has surpassed the daily GitHub submission rates of Polkadot and Cardano in the past month to become the leading blockchain. Between November 12 and December 13, Solana’s daily GitHub submissions reached 90, followed by Polkadot with 76 and Cardano with 65.
Solana’s on-chain development activity surged after the recent DDoS attack on December 9th caused a significant network slowdown.The fifth largest blockchain Managed to alleviate these problems The network was not shut down, but it raised serious concerns about network vulnerabilities.
A DDoS attack is a coordinated botnet target activity that floods the network with fake traffic. Many experts blame basic design flaws and Solana for collaborative DDoS attacks Historical proof (PoH) Consensus mechanism.Previously, a gray scale investment Report It also marked Solana’s PoH usage and said:
“The Solana consensus mechanism uses a new blockchain technology that is not widely used and may not function as expected. The underlying cryptography of the network may have flaws, including flaws that affect Solana network functions or make the network vulnerable to attacks.”
In September, the Solana network faced similar problems, and the sudden increase in transaction volume caused Network outage lasting nearly 17 hoursThe engineers at the time failed to solve the problem, and the verifier eventually had to restart the network.
The Solana blockchain has become one of the fastest growing smart contract networks in 2021, and it is also an increasing choice for upcoming decentralized finance and non-fungible token projects. The growing popularity of the project is often compared with Ethereum, and is called the “Ethereum Killer” by some. However, in the long run, people’s growing concerns about the foundation of the network may be problematic.
Before the DDoS attack, Solana’s goal was to hit a record high of more than $200, but it fell to a weekly low of $164.15. SOL is currently trading According to CoinGecko’s data, it fell 1.3% in the past 24 hours to $165.20.
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