Solana Loses Consensus After Bots Flood the Network; SOL Takes a Hit

On Sunday 1st May, Asia time, Solana experienced another outage due to bots overwhelming the non-fungible token (NFT) minting tool “Candy Machine,” spamming more than four million transactions per second. The network remained offline for almost seven hours before being restarted at 11 a.m. HKT, owing to developers who shared cluster restart instructions via Twitter. #Solana suffered another outage on Sunday May 1 Asia time, after the network lost consensus due to bots flooding the NFT minting tool “Candy Machine,” spamming more than 4 million transactions per second https://t.co/8PhWKjd7Nj — Forkast News (@Forkast_News) May 2, 2022 Solana is still looking into why the network couldn’t handle the transaction spike. Developers said that a botting penalty would be implemented soon on the Candy Machine application to improve network stability. Solana has been subjected to a series of distributed denial-of-service (DDoS) assaults that have caused network-wide slowdowns in recent months. Assaults like these have sparked criticism of the network’s consensus method and the network’s cheap transaction fees, which reduce the cost of such attacks compared to Bitcoin or Ethereum. Following the notification of the system breakdown, Solana’s price plummeted to its lowest level since late March but has since partially recovered to trade at US$89.94 at press time. The post Solana Loses Consensus After Bots Flood the Network; SOL Takes a Hit f...