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Following Recent Network Outages, Solana Faces A Difficult Future

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The Solana blockchain network was subjected to a distributed denial of service (DDoS) attack. The assault was first made public by Blockasset, a Solana-based NFT platform.

Blockasset stated in a tweet that token distribution on the Solana network was taking a long time due to the blockchain being swamped by DDoS attacks. This is typical of this type of attack, which often involves a large number of devices, or a botnet, flooding a network with spam traffic in order to bring it down.

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This isn’t the first time Solana has been singled out in this way. The first occurred in September, when bots bombarded Raydium, a Solana-based DEX, with inquiries, causing the blockchain network to go down for over 17 hours. The most recent DDoS attempt was of a similar nature, however, it did not bring the network down.

While the consequences were not as severe as in the prior case, it is nevertheless a warning indication for the Solana network. This is clear, as it has rekindled criticism of the network. According to Justin Bons, the founder and CIO of Cyber Capital, the repeated attacks on the Solana network are the results of severe architectural flaws in the network’s Proof-of-history (PoH) protocol.

Bons questioned the network’s decision to pair PoH with Turbine, a technology that helps the network achieve high capacity. He claims that the combination “trades security for speed while ignoring the consequences of the trade-off.”

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One of these effects is that PoH enables deterministic blocks, which are easily targeted for attacks. Because Solana is deterministic, it makes itself vulnerable to attack because attackers may anticipate and target the next block producer inline. The Turbine divides blockchain transactions into small groups of validators, which can also be attacked, adding to the lack of security. Bons hypothesised that the network’s consensus mechanism’s absence of security considerations exposes the bad faith of Solana’s development.

Overall, the DDoS attack episode is bound to raise market participants’ apprehension and bewilderment, especially because it occurs so soon after it was revealed that there were more SOL tokens in circulation than the developers had claimed. The discovery, made by Bons as well, revealed an extra 12 million SOL tokens hidden in a market maker wallet.

In response to the charges, the Solana developers stated that the currencies were only used for market-making purposes and promised to destroy the tokens to restore balance.

The Solana network, on the other hand, appears to be gaining traction as its ecology grows. The pricing of SOL appears to be appealing as well. SOL has increased by almost 11,119 percent year to date. SOL is currently trading at around $168 per share, a 7.66 percent decrease on the day.