The Solana team has revealed the reasons for the massive network outage on September 14th.
According to the preliminary results of the investigation,the network was subjected to a large-scale DDoS attack.According to the developers, when the IDO Grape protocol was launched on the decentralized exchange Raydium, bots generated a huge number of spam transactions and flooded the network with them. As a result, the blockchain was overloaded, and transaction processing and the release of new blocks stopped for 17 hours.
To remedy the situation, the validators updated the network and restored block release.
After diagnosing the problem, a hard fork was suggested from the last confirmed slot
Against the background of the failure, the Sol token rate fell to $ 140, after which it tried to return to its previous values. Altcoin is currently trading in the $ 143 range.
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