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Highlights
- Cardano is undergoing a DDoS attack according to multiple ecosystem report
- The attack has no impact on the protocol with maximal load spread
- The price of ADA has surprisingly inked forward despite the attack
The Cardano blockchain has reportedly suffered a DDoS attack, however, with limited impact on the mainnet. According to insider updates, the attack was carried out starting at Block 10,487,530.
The Unexpected Twist With Cardano DDoS Attack
Hacks and related attacks are not uncommon in the digital currency ecosystem. While many Layer 1 networks have suffered one form of attack or another, Cardano has exhibited a very unique trait.
As highlighted by Crypto Capital Founder Dan Gambardello, Cardano remains fully operational despite the attack. This is because there is no single point of failure on the network as the load is spread out. While decentralized features like this is not an uncommon design with blockchain networks, Cardano is the first to exhibit its resistance in recent times.
Per the detail of the hack shared by CTO of Fluid Tokens, “elraulito” the attack has not stopped as of writing. According to him, the attacker is executive each transaction with a total of 194 smart contracts. He noted that the attacker is spending 0.9 ADA per transaction while filling each block with many of these transactions.
On Block 10,487,530, an attack on the Cardano network began.
🐛 Each transaction executes 194 smart contracts.
🐛 The attacker is spending 0.9 ADA per transaction.
🐛 They are filling each block with many of these transactions.
🐛 The smart contracts used are of type REWARD.In… pic.twitter.com/QUVm0pq0Q8
— elraulito (@ElRaulito_cnft) June 25, 2024
“The smart contracts used are of type REWARD. In this way, they can send large transactions while spending the least possible amount,” the Fluid Token CTO noted.
With the attacking on-going, there is no chain halt or any form of congestion. What is even more shocking is that the price of ADA, the network’s native token has jumped 7% to $0.3964. In the past 24 hours, the price has soared from a low of $0.3667 to a high of $0.3968.
Not a Time for Hiccups
Cardano is undergoing a very unique evolution within its ecosystem, making it very costly for the protocol to experience a major disruption. As founder Charles Hoskinson noted, the Chang hard fork is on track to go live by the end of this month.
While Hoskinson has not shared a new update in relation to this, the community is expectant. If the network could not handle this DDoS attack, it might call to question the scheduled plans for later in the year.
With the Chang hard fork upgrade, Cardano is transitioning into a self-governing protocol. As it survived this attack, proponents remain confident it is ready for the major leap.
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