Solana’s Network Faces Another Bad Performance This Week

Solana’s network faces another bad performance this week suffering a fourth network incident in a span of a few months so let’s take a closer look at today’s blockchain news.

The Solana blockchain faced its second network performance degradation incident and accoridng to the platform, this is happening because of an increase in high compute transactions. As a result, the network capacity that was originally advertised to be 50,000 transactions per second was reduced to several thousand TPS. Solana cited this as the main reason why the users experienced failed transactions and added that the developers are already working to fix the issues.

The latest network issue came a few days ago after a similar incident occurred where users had the same problems. Many speculated that the Tuesday incident was due to a distributed denial-of-service attack but Solana’s co-founder Anatoly Yakovenko said that it was just the pain of getting a new runtime commercialized.

Amid the recent events, Cyber Capital chief investment officer Justin Bons disapproved of Solana and published a few tweets showing the reasons why he doesn’t support the project. Bons says that Solana is showing a pattern of bad behavior and it is prioritizing the ignorant investors over the decent blockchain designers and design. Bons also criticized the security of the network mentioning that the DDOs attacks are not the only concern. He said that the DDoS can be combined with a 51% attack and he claims that the attackers can gain proportional-staked control over the network by attacking other stakeholders.

Yakovenko disagreed and said it is nonsense because it is impossible to DDOs a private key. Solana’s network faces another diffusivity this week and last year as we saw, it was hit with a DDoS attack causing a similar effect and degrading the network’s performance. Solana Labs head of communications Austin Federa said that the outage came after transactions in the DEX offering landed in a Solana block which took a huge amount of computing power. Compute for these kinds of transactions are not properly metered by the network and caused blocks to take a lot longer to process than the network expected, as Federa explained.

As recently reported, Solana’s blockchain suffered another DDoS attack but the network seems to be back in full mode. This seems to be the third smaller incident in the past few months. According to the prominent Chinese journalist Colin Wu, Solana went down at the start of the year and the attack was suspected of leveraging spam to carry on the distributed denial of service attack. The network was back online after four hours as the DDoS attack usually overwhelms or clogs the network by sending plenty of requests to the victim’s web resource and hinders the platform from running as it should.