Home News Solana and Arbitrum knocked offline while Ethereum evades attack

Solana and Arbitrum knocked offline while Ethereum evades attack

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Solana and Arbitrum knocked offline while Ethereum evades attack. After a sudden significant impulse of transactions, Solana’s validators are readying a new release while Ethereum has managed to evade a pernicious attack.

After experiencing a denial-of-service attack, Ethereum competitor Solana (SOL) has lost 15% of its value in the last 24 hours.

Solana’s mainnet beta had been experiencing occasional instability for 45 minutes, according to the Twitter account Solana Status, which disclosed it on Sept. 14 at 12:38 p.m. UTC.

Massive increase in transactions overwhelmed the network

Solana Status indicated that a massive rise in transaction traffic to 400,000 per second overburdened the network, causing a denial-of-service and the network to start forking six hours after notifying the event.

Solana’s validator community decided to orchestrate a network restart after its engineers were unable to stabilize the network. The community of Solana is currently working on a new release, with more details to come soon.

Solana’s stock has dropped 15% in the last 12 hours as a result of the incident. Prior to the outage, SOL had already retraced from its all-time high of $215 on Sept. 9 to trade below $175, but news of the outage sent prices tumbling to $145.

Solana’s validator community decided to orchestrate a network restart after its engineers were unable to stabilize the network. The community of Solana is currently working on a new release, with more details to come soon.

Solana isn’t the first high-profile crypto network to fall down on Sept. 14, with Ethereum layer-two rollup network Arbitrum One claiming a 45-minute outage.

While customer funds “weren’t ever at risk,” fresh transactions couldn’t be submitted throughout that time. Arbitrum One’s creators, Offchain Labs, stressed that the network is still in beta and that “additional outages are possible in these early days”.

After a significant batch of transactions were sent to the Arbitrum sequencer in a short amount of time, the team attributed the outage on a “bug causing the sequencer to get stuck”.

Another unsuccessful sought to attack Ethereum

furthermore, Ethereum engineer Marius Van Der Wijden announced a failed attempt to attack Ethereum on Twitter.

Only a few Nethermind nodes duped into switching to the faulty chain, according to the developer, with all other clients having “rejected the long sidechain as invalid”. Since then, all of the nodes that were affected have reassembled themselves into the proper chain.  

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