Solana’s On-Chain Development Increased After DDoS Attack: Report

Solana’s on-chain development increased after a recent DDoS attack while the  SOL native token is the fifth biggest crypto by market cap as we can see more in today’s cryptocurrency news.

Solana’s On-chain development increased after the recent DDoS attack and surpassed the submission rates of Cardano and Polkadot to become the leading blockchain over the past month. The number of submissions for Solana reached 90 between November 12 and Monday with Polkadot being at 76 and Cardano at 65. The surge in on-chain development activity for Solana came after the DDoS attack which slowed down the network dramatically. The fifth-biggest blockchain managed to mitigate the issues without needing a network shutdown but then raised major concerns over the network’s vulnerability.

The DDoS attack refers to a coordinated botnet-targeted activity that overwhelms the network with some fake traffic. Most experts blamed the coordinated DDos attack on the design flaws and the proof of history consensus mechanism but Grayscale Investments also reported and flagged Solana’s PoH use and said:

“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.
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The Solana network faced a similar issue with a surge in transaction volume that led to the network outage which lasted about 17 hours. The engineers at the time didn’t manage to resolve the issues and the validators restarted the network. The blockchain emerged as one of the fastest-growing smart contracts this year with a choice for upcomign decentralized finance and NFT token projects. The growing popularity had some similarities with Ethereum and was dubbed the Ethereum killer by many in the industry. However, the growing concerns over the fundamentals of the network could be quite problematic in the long run. SOL was trying to reach an all-time high above $200 before the DDOs attack but slumped to a weekly low of $164 and it is now trading at $165 with a 1.3% decline in the past 24 hours as per Coingecko.

As we recently reported, Opera and Solana partner to become the kings of Web 3 browsers. In an official blog post on Friday, Opera announced the partnership with Solana and its native support for the popular blockchain thus allowing it to run a native SOL wallet as well as the other dapps in the ecosystem. The Opera team said that the integration was expected to be ready by Q1 2022 and by then the users should be able to enjoy the benefits of the blockchain in mobile and desktop browsers without restrictions.