Solana's price rally has been exponential over the years. To be fair, other Ethereum competitors, including Cardano, Polkadot, Terra, etc have also seen major in price rallies. But Solana's rise has bThe post Analyst: Reason behind Solana's network slowdown isn't a DDoS attack, but... appeared first on AMBCrypto. origin »
Solana (SOL) has reportedly come under a distributed denial-of-service (DDoS) attack. News of the attack came from a tweet by Chinese journalist Colin Wu, who referenced users of Solana’s official Telegram community as the source of the information.
Solana blockchain suffered a DDoS attack that slowed down the network’s speed. Cyber security enthusiasts say the attack portrays the security flaws of Solana’s PoH consensus framework.
The faster and cheaper Ethereum competitor, Solana Network, experienced yet another “intermittent instability” on Tuesday. Unlike on Sept. 2nd, when the Solana Mainnet beta suffered a performance degradation resulting in temporarily reducing network throughput for about an hour, this time it took several hours.
Solana’s validators are preparing a new release after the network was brought down by a sudden surge in transaction volume, while Ethereum evaded a malicious attack.
The layer-1 network reversed course after ecosystem partners warned that rewriting chain history would undermine decentralization and create operational risks following a $3.9 million exploit.
A large crypto trader expanded existing shorts by opening new positions worth approximately $119m in Bitcoin, and other major digital assets on 29 December.
The trader placed more than $250 milliThe post Bitcoin price discovery shifts to derivatives as spot demand fades appeared first on AMBCrypto.
Cantor Fitzgerald sees early signs of a new crypto winter, but one that’s less chaotic, more institutional, and increasingly defined by DeFi, tokenization and regulatory clarity.
Ethereum saw bullish sentiment strengthen on the 29th of December, supported by whale accumulation, rising volumes, and improving short-term market structure.
The broader crypto market gained 2.