👉👉👉 The Hidden War in #Solana : #DDoS Attacks Between Competitors
Within the Solana ($SOL ) network, a clandestine conflict rages among key players, each vying to undermine their rivals.
Analyst Duo Nine sheds light on this covert war & the tactics employed by its participants.
Major Players in Solana's Conflict
- Duo Nine asserts that within the prominent crypto projects on Solana, a hidden conflict brews unbeknownst even to average participants in the crypto community, who may find themselves unable to execute transactions due to the ongoing strife.
The analyst suggests that major players are resorting to launching Distributed Denial-of-Service (DDoS) attacks against each other to gain priority in adding transactions to the cryptocurrency's blockchain. Consequently, users of projects targeted by rivals face transactional obstacles as the attacking side monopolizes block space.
Such delays in transaction processing can lead to network disruptions & tarnish the reputation of targeted projects, potentially driving users to seek alternatives. Consequently, the warring factions invest substantial sums in these attacks to gain an upper hand.
Duo Nine further highlights that over 100 bot wallets may be deployed to target Solana #wallets with spam attacks. By bombarding victims with transactions containing minimal SOL, the attackers effectively render the victim's wallet unusable by flooding block space.
Even creating new wallets offers no respite, as fresh addresses remain susceptible to spam attacks.
"This war is crippling Solana," notes Duo Nine, expressing dissatisfaction among ecosystem users & developers. Despite these challenges, no viable solution has emerged to address the escalating conflict.
In spring 2024, Solana's network faced security concerns due to fraudulent token presales, raising doubts about its reliability. Despite predictions of its downfall as early as 2022 & setbacks like the collapse of #FTX , one of its primary investors, Solana continued to persevere & demonstrate resilience.
Source - beincrypto.com