Over the last weekend, the Solana blockchain network suffered a major outage for 7 hours knocking off validators out of the PoS consensus and halting the block production. This happened as the bots managed to exploit the Solana-based NFT project Candy Machine.
These bots then sent a crazy amount of traffic thereby conducting record-breaking four million transactions, or 100 gigabits of data per second. Three days later, Solana developers have arrived with a detailed report of the hack and the steps they would initiate to make the Solana blockchain more resilient and robust.
Since the beginning of 2022, Solana has been several network congestion issues with the bot activity targeted at NFT mints. The Solana developers have reported three major migrations at work to address network stability and resilience.
The Solana developers have shared some technical changes that they would introduce to the Solana blockchain.
Solana explains: “Since UDP is connectionless and lacks both flow control and receipt acknowledgments, there is no meaningful way to discourage or mitigate abusive behavior”. Implementing core protocols on QUIC will bring sessions and flow control like TCP.
Stake-weighted QoS is currently in parallel development with QUIC. It shall deliver a robust performance working alongside QUIC.
The transaction’s execution priority weight will depend on the ratio of this fee to the requested compute units.
The Solana developers further explained how fee structures are coming to the Solana Blockchain.
The Bitcoin price is on the rise today and is now looking to reclaim the…
U.S. Senator Cynthia Lummis has criticized JPMorgan for its anti-crypto stance, calling for an end…
CME Group has announced the arrival of new spot-quoted futures for XRP and Solana. The…
A new round of spot crypto ETFs is launching this week as issuers move quickly…
Atletiko de Madrid forward and LaLiga star Julian Alvarez will be featuring in a new…
Federal Reserve Governor Chris Waller has revealed that he will vote for a Fed rate…