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Analyst: Reason behind Solana’s network slowdown isn’t a DDoS attack, but…

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Source: Unsplash


Solana‘s price rally has been exponential over the years. To be fair, other Ethereum competitors, including Cardano, Polkadot, Terra, etc have also seen major in price rallies. But Solana’s rise has been something special.

Not everything is hunky-dory

Solana is technically still in its beta phase. It is well known that Solana offers extreme transaction speeds but that speed comes at a price – the validator requirements are extremely high. This has resulted in other issues, primarily being due to validators who don’t have that high of a processing power to handle network activity. Such validator nodes can cause slowdowns or instability.

And this very flaw was exploited when recently the blockchain suffered a distributed denial of service (DDoS) attack that slowed down the network’s speed. Needless to say, this gave rise to different speculations concerning the ecosystem. Some even echoed uncertainties around design flaws of the network Proof-of-history (PoH) protocol.

Clearing all the doubts….FUDs

The Head of Staking infrastructure at Rockaway Blockchain Fund, Tomáš Eminger tried to provide his narrative. He seemed to deny the DDoS story that has been doing the rounds. He said,

“It’s not a DDoS network attack as many said. The network hasn’t lost consensus, neither halted, just slowed down to 1000 TPS on 4 occasions since Dec 9.”

Source: Twitter

However he did admit that the possible Solana based DEX platform Raydium‘s launch, could have been behind the reason for the congestion on the network. He explained the same in a tweet:

 

Furthermore, Solana’s executives already commenced trials to provide a solution for the hiccup. Eminger  noted:

Anatoly Yakovenko and his team are working to backport this into version 1.8.9 which should be tested and approved for mainnet real soon.”

Here’s the Pre-release version:

Source: Twitter

Overall, Solana’s blockchain despite its success is still in the Mainnet-beta phase, so the software is still not perfect. However the developers have been hard at work to increase SOL’s use cases in this fast paced environment. Just recently, it collaborated with a leading browser to enable Opera Android users to enjoy seamless access to Solana dApps.

In addition to this, Raj Gokal, the co-founder of Solana also came out to support in a tweet saying speculators should step out of their bubbles.

 

Overall, SOL‘s price has suffered. At press time, it was consolidating under the $169 mark post suffering a fresh 2.5% correction in the past 24 hours.

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Shubham is a full-time journalist/ Crypto data analyst at AMBCrypto. A Master's graduate in Accounting and Finance, Shubham's writings mainly focus on the cryptocurrency sector with particular emphasis on market research studies and communications for >2 years. Also, a die-hard Chelsea fan #KTBFFH.

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.