Is Solana down? A distributed denial of service attack caused transactions per second to fall below 500 — and there are fears the disruption is affecting confidence in the blockchain.
"The fastest blockchain in the world" is facing some uncomfortable questions after being hit by a distributed denial of service attack.
"I'm trying to bring in these market-makers and traders and whatnot. They just lose a lot of confidence when the nodes go down, and then they don't know why."
For its part, Solana appeared to be tight-lipped during the disruption, and no updates were forthcoming on Twitter.
Crypto Twitter wasted little time in criticizing the project. One user shared a screenshot of Solana's website, which claims the network is "decentralized and unstoppable." They quipped:
"Solana should tell the truth. More like centralized and stoppable."
Others pointed to how such issues were far less likely to happen on the Bitcoin blockchain.
Projects like Solana have enjoyed plenty of positive momentum in recent months because of how they have been dubbed "Ethereum killers."
The Ethereum blockchain is currently in the throes of a painstaking process that will move the network from Proof-of-Work to Proof-of-Stake.
"Ethereum has earned depth and dominance. Success spurs competition and there are plenty of would-be Ethereum killers, but we see the No. 2 crypto fending off challenges to its leadership."