Solana suffered her fourth network outage in a few months. Two of the four problems occurred this week.
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The Solana blockchain has faced its second network performance decline incident this week. According to Solana, this is happening due to an increase in highly computational transactions.
As a result, the network capacity, which was originally advertised as 50,000 transactions per second (TPS), was reduced to several thousand TPS. Solana cited this as the reason why users were experiencing failed transactions and added that its developers were working to fix the issue.
This latest network issue comes just days after a similar incident on Tuesday where users experienced a similar issue. Many speculated that Tuesday’s incident was caused by a distributed denial of service (DDoS) attack, but Solana co-founder Anatoly Yakovenko answered on Twitter, saying it was just “the pain of the new runtime being commercialized.”
Amid recent events, Cyber Capital’s Chief Investment Officer, Justin Bons expressed his opposition to Solana and published a series of tweets listing why he was not supportive of the project. Bons states that Solana is “constantly displaying a pattern of bad behavior” and “prioritizes attracting uninformed investors over good blockchain design.”
Bons also criticized the security of the network, mentioning that DDoS attacks were not the only concern. He said that DDoS can be combined with a 51% attack. With this, he claimed that attackers could “temporarily gain proportional control over the network by attacking other stakeholders”.
Yakovenko dismiss this is “tired nonsense,” saying, “Cannot DDoS a private key.”
Related: Solana reported DDoS attack, but network is still online
Last year, Solana was hit by a DDoS attack that similarly affected and degraded the performance of the network. The outage occurred after some transactions in the initial DEX offering “landed in a Solana block taking up too much computing power,” said Austin Federa, head of communications at Solana Labs. “The computation for those types of transactions is not properly measured by the network and causes blocks to take longer to process than expected by the network,” Federa said.