Solana (SOL) was recently the target of yet another major cyber attack. A few days ago, a refined distributed denial-of-service (DDoS) launched an attack on the Solana network. The network survived, but has rekindled concerns about possible structural problems with the network.
design flaws
Fortunately, the Solana network survived the DDoS attack a few days ago. However, this was not the first time the network has come under fire. A similar attack also took place in September and the consequences were much more severe at the time. The network was completely off the air for at least 17 hours.
Despite the fact that Solana managed to hold out this time, many investors and analysts are concerned about the stability of the network. People wonder whether Solana is not structurally too vulnerable.
Justin Bons
According to Cyber Capital’s CIO, Justin Bons, these repeated attacks on the network are the result of serious flaws in the design of the network proof-of-history protocol that forms the basis of the Solana ecosystem.
1/6) 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:
– Justin Bons (@Justin_Bons) December 10, 2021
Solana combines the more familiar proof-of-stake consensus model with their proof-of-history protocol. This ensures, as it were, that the network has an enormous capacity. However, this gigantic capacity comes at the expense of the security and stability of the network, says Justin Bons.
Should Bons hit the nail on the head in his analysis of the current situation, it is therefore not unlikely that more such attacks could take place on the Solana network in the future.
Of course, despite the problems it is currently experiencing, Solana is a very promising platform. This is also reflected in the price of SOL. In the past year, this price has increased by more than 11,000%.
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