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Usha Yadav
May 2, 2022
by Usha Yadav

Solana Loses Consensus After Bots Flood the Network; SOL Takes a Hit

Solana Loses Consensus
On Sunday 1st May, Asia time, Solana experienced another outage due to bots overwhelming the non-fungible token (NFT) minting tool "Candy Machine," spamming more than four million transactions per second.

The network remained offline for almost seven hours before being restarted at 11 a.m. HKT, owing to developers who shared cluster restart instructions via Twitter.

Solana is still looking into why the network couldn't handle the transaction spike.

Developers said that a botting penalty would be implemented soon on the Candy Machine application to improve network stability.

Solana has been subjected to a series of distributed denial-of-service (DDoS) assaults that have caused network-wide slowdowns in recent months.

Assaults like these have sparked criticism of the network's consensus method and the network's cheap transaction fees, which reduce the cost of such attacks compared to Bitcoin or Ethereum.

Following the notification of the system breakdown, Solana's price plummeted to its lowest level since late March but has since partially recovered to trade at US$89.94 at press time.

 

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Solana Loses Consensus After Bots Flood the Network; SOL Takes a Hit
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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