Solana hit with another network incident causing degraded performance

Share This Post

Solana reportedly went offline for four hours on Jan. 4, however Solana.Status shows there have been no issues on the network.

The Solana blockchain has suffered a third incident in just a few months that clogged the network and caused transactions to fail, with users debating whether it was caused by another DDos attack or if it was just network issues.

The scale and nature of the incident is hard to ascertain, with Coinbase, Wu Blockchain and Redditors reporting there had been an incident causing the network to slow and transactions to fail. However Solana Labs co-founder Anatoly Yakovenko denied there had been a DDoS on this occasion.

The latest incident comes less than a month after a previous attack which saw reports the network was clogged with mass botting due to another Initial DEX offering (IDO) on Solana-based decentralized exchange platform Radium.

According to Wu Blockchain, the Solana network went down for around four hours in the early morning of Jan. 4 UTC time as a result of an apparent DDoS attack. Solana.Status shows the network has been fully operational with 100% uptime over that period.

A post on the r/CryptoCurrency group on Reddit yesterday also shared several screenshots of Solana (SOL) users reporting issues with failed SOL transactions around the time of the potential DDoS and network downtime. Coinbase also provided an incident report over the past 24 hours on the Solana network’s “degraded performance” that resulted in failed withdrawals of SOL on the crypto exchange.

“This is why you don’t use a service’s own status page to come to conclusions especially if it masquerades as a decentralized blockchain, but in reality is just a glorified database,” user u/Set1Less wrote.

But other users responding to the r/CryptoCurrency post in the r/Solana community questioned the validity of the claims, with “NiftyMufti” stating that:

“So instead of echoing random people’s opinions, why don’t you show the charts? A DDoS attack and downtime would have shown in the block explorers. I see no such signs. Prove me wrong. Which hours in which timezone was this supposed to have taken place?”

Solana Labs co-founder Yakovenko echoed as such on Twitter earlier today, noting that the network issues weren’t related to a DDoS, and were just the “pain of getting a new runtime commercialized.”

In a separate Twitter thread, Yakovenko also stated that the “cost model for compute is still a [little] wonky, real fix to deal with this is in 1.9, where TXs have to specify all the resources they use upfront.”

Related: Top crypto winners and losers of 2021

In an interview with Cointelegraph on Dec. 22, Austin Federa, head of communications at Solana Labs said that developers are currently working to address the network’s issues, specifically in relation to improving transaction metering.

“Solana’s runtime is a new design. It doesn’t use EVM [Ethereum Virtual Machine] and a ton of innovation was done to ensure that users have the cheapest fees possible, but there’s still work to be done on the runtime,” he said.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Hits S2F Threshold: Should You Hold Tight Or Take Profits?

Bitcoin has so far continued to level up in terms of price performance, hitting new highs consistently for the past week As a result of this, investors seem to be curious about whether it’s time to

Dogecoin Price Prediction: Can Elon Musk’s D.O.G.E. Move Drive DOGE to $2.4?

The post Dogecoin Price Prediction: Can Elon Musk’s DOGE Move Drive DOGE to $24 appeared first on Coinpedia Fintech News Dogecoin now has a $60B market cap that surpasses some major, established

Ready for the Memecoin Supercycle? Vantard’s Presale Changes Everything

The post Ready for the Memecoin Supercycle Vantard’s Presale Changes Everything appeared first on Coinpedia Fintech News Bitcoin may be hogging all the headlines with its 150% year-on-year

XRP ETP Launches on Three European Exchanges Amid Growing Institutional Interest

The post XRP ETP Launches on Three European Exchanges Amid Growing Institutional Interest appeared first on Coinpedia Fintech News A new exchange-traded product (ETP) for XRP, dubbed WisdomTree

The Next 100x Sector? Why Dogizen + Telegram Gaming Are Ready to Pop

The post The Next 100x Sector Why Dogizen + Telegram Gaming Are Ready to Pop appeared first on Coinpedia Fintech News Telegram’s gaming ecosystem has exploded since its launch, and with the

XRP Ripple News: Can XRP Reach the $100 Billion Market Cap Soon?

The post XRP Ripple News: Can XRP Reach the $100 Billion Market Cap Soon appeared first on Coinpedia Fintech News In the last 24 hours, the XRP market has recorded an astounding rise of 226% The