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After Solana’s DDoS attack, crypto watchers cast doubt on Proof-of-History

Things appear to be back to business for Solana, after the fifth biggest blockchain suffered a distributed denial-of-service (DDoS) attack that jammed the network and led to delays all around.

But since then, some crypto users have been trying to analyze the root cause of the attack and whether it could happen to other chains. In fact, even Polkadot retweeted a conversation related to the security of its own chain.

Poking at Solana

Things came to a head when the CIO of an investment firm pointed a finger at Solana’s Proof-of-History consensus mechanism.

For his part, Justin Bons tweeted,

“…Solana was DDoS attacked again yesterday This attack exploited fundamental design flaws which are considered features by SOL As it sacrifices decentralization & security for speed While ignoring the consequences of that trade off Specifically Proof of History & Turbine…”

The post quickly went viral as many tried to understand whether Proof-of-History could be a security risk. To refresh your memory, this consensus mechanism addresses the problem of system clocks that might not be synchronized. In PoH, Solana validators clock events independently to build up a sequence of when events took place – thus saving time.

Connect the dots

Here’s where Polkadot comes in. The blockchain’s official Twitter account retweeted Parity Technologies core developer Shawn Tabrizi, who compared PoH to Polkadot’s Blind Assignment for Blockchain Extension [BABE] mechanism. BABE is an algorithm where primary leaders for different time intervals, or slots, are chosen randomly for more security. There can also be secondary slot leaders.

Readers might be quick to dismiss Twitter users’ opinions. However, it’s not just crypto watchers who are concerned. Grayscale Investments too, in its introduction to Solana, flagged the blockchain’s consensus mechanism as a potential risk.
Grayscale Investments’ report noted,
“The Solana consensus mechanism uses a new blockchain technology that is not widely used, and may not function as intended. There may be flaws in the cryptography underlying the network, including flaws that affect the functionality of the Solana Network or make the network vulnerable to attack.”

Lights, Camera, Auction!

At press time, Polkadot’s parachain slot auction was going on. Efinity and Clover were neck to neck in terms of DOT raised.
Source: polkadot.js.org
The winners so far, are Moonbeam, Acala, Astar, and Parallel.
Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

Sahana is a full-time journalist at AMBCrypto. She has a Masters in Journalism and her areas of study include crypto-regulation, digital society, privacy, and intersectionality. Ask her about film photography and philately.

AMBCrypto was founded in 2018 with a mission to simplify and bring the latest blockchain and cryptocurrency news to our readers. We have quickly grown into the digital news source for an emerging generation of cryptocurrency enthusiasts, reaching more than a million readers on a monthly basis, across the globe.