👉👉👉 Cardano Hit With Massive #DDoSAttack Yet Thriving, Here's Reason

Cardano Blockchain Faces DDoS Attack with Limited Impact on Mainnet

The Unexpected Twist with Cardano DDoS Attack

The Cardano blockchain recently experienced a Distributed Denial-of-Service (DDoS) attack, yet it has managed to continue functioning with minimal impact on its #mainnet . The attack reportedly began at Block 10,487,530.

Hacks and Attacks in the Digital Currency Ecosystem

Hacks and related cyber attacks are not uncommon in the digital currency ecosystem. Many #layer1 networks have faced such threats, but Cardano has demonstrated a unique resilience. According to Crypto Capital Founder Dan Gambardello, Cardano remains fully operational despite the attack due to its decentralized nature, which spreads out the load, preventing a single point of failure.

Details of the Attack

According to "elraulito," the #CTO of Fluid Tokens, the attack has not ceased. The attacker is executing each transaction with a total of 194 smart contracts, spending 0.9 ADA per transaction while filling each block with numerous transactions. These smart contracts are of the REWARD type, allowing large transactions with minimal expenditure.

Despite the ongoing attack, Cardano has not experienced any chain halts or significant congestion. Remarkably, the price of ADA, Cardano's native token, has risen by 7%, reaching $0.3964. Over the past 24 hours, the price has surged from a low of $0.3667 to a high of $0.3968.

Not a Time for Hiccups

Cardano is set for major ecosystem upgrades with the Chang hard fork expected by month's end. Founder #charleshoskinson confirms the timeline, and despite no recent updates, the community remains optimistic. Cardano's successful handling of a recent DDoS attack has strengthened confidence in its readiness for the transition to a self-governing protocol.

Source - coingape.com