Fun

Solana prevents potential outage, patches critical vulnerability

News Feed - 2024-08-09 04:08:39

Ezra Reguerra1 hour agoSolana prevents potential outage, patches critical vulnerabilitySolana validator Laine said that an attacker could have attempted to reverse engineer the vulnerability, which could have halted the network.422 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onSolana ecosystem participants patched a major vulnerability on the network, securing the blockchain before disclosing the information to the public. 


On Aug. 9, Solana validator Laine posted on X that a “critical security vulnerability” was fixed by developers, validators and client teams working within the Solana ecosystem.


The company shared that it first received a message on Aug. 7 from multiple members of the Solana Foundation. Within the messages, it was advised about an upcoming critical patch and a hashed message with the date and unique identifier of the incident. Laine wrote:“[...] the hash shared in this message was published by multiple prominent members of Anza, Jito and Solana Foundation on Twitter/X, Github and even Linkedin in order to confirm the veracity of the message.”


Laine added that the message included a specific date and time when the patch would be sent so that it could be applied to mainnet nodes urgently to protect the network.


Cointelegraph contacted the Solana Foundation for comments but did not receive an immediate response.Solana developers prevent potential outage


According to Laine, the vulnerability could have led to a potential outage on the Solana network. The validator said that the patch itself clarifies the vulnerability. Because of this, if the patch leaked, an attacker could attempt to reverse engineer the vulnerability and potentially “halt the network.”Source:Laine


However, the patch was only communicated from one trusted party to another and was released simultaneously so the parties involved could upgrade together. Once 70% of the network was patched and “ostensibly safe,” the vulnerability was finally disclosed to the public.


Related:Solana outage triggers ballistic reaction from the crypto communitySolana faced criticisms for past network outages


While prevention is better than a cure, the Solana network has experienced previous outages. On Feb. 6, the network faced significant downtime, with block production being halted for more than five hours. This impacted crypto exchanges, with some suspending deposits and withdrawals of Solana-based tokens.


The outage raised questions about the network’s client diversity and beta status. Critics said that one factor contributing to the outage was the network’s lack of diversity of clients. Komodo’s Kadan Stadelmann previously told Cointelegraph that Solana developers and validators prioritize speed over perfect network uptime.


In a prior exclusive interview during Paris Blockchain Week in April 2024, Solana Foundation strategy lead Austin Federa said that the protocol remains in a beta phase and that the network today does not represent the final form of what developers hope it will be in the future. He also suggested that other layer-1 and layer-2 networks adopt similar tags as they continue building functionality.


Magazine:5 dangers to beware when apeing into Solana memecoins# Blockchain# Security# SolanaAdd reaction

News Feed

Matrix Star Keanu Reeves Owns Crypto, Skeptical of NFTs, Says ‘Can We Not Have Metaverse Be Invented by Facebook’
Matrix Star Keanu Reeves Owns Crypto, Skeptical of NFTs, Says "Can We Not Have Metaverse Be Invented by Facebook" Matrix star Keanu Reeves has revealed that he owns cryptocurrency
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor In the cryptocurrency economy, the supply of credit through the banking system could disappear, warn
Helen Partz8 hours agoARK, 21Shares update spot Bitcoin ETF application as next SEC deadline loomsThe latest update is the third amendment to ARK and 21Shares’ Bitcoin exchange-traded fund prospectus since the firms fi
Sky Mavis co-founder breaks down Ronin’s surge in active users
Ezra Reguerra10 hours agoSky Mavis co-founder breaks down Ronin’s surge in active usersSky Mavis co-founder Jeffrey Zirlin believes that Ronin has a “dedicated and resilient community” that has been built since the
Turner Wright7 hours agoNY Times defends article on Caroline Ellison: The public has a ‘legitimate interest’The media outlet claimed the public and press had a right to receive information on a “central participant
Tristan Greene6 hours agoResearchers in China developed a hallucination correction engine for AI modelsThe “Woodpecker” hallucination correction system can, ostensibly, be applied to any multimodal large language mod
Martin Young5 hours agoCrypto staking rewards are taxable once received: IRSThe United States tax collector will require taxpayers to count staking rewards as gross income at the time they gain “dominion" over the
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger Ethereum co-founder Joseph Lubin says the strength of the crypto ecosystem “has never been better
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years
Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000 Bitcoin moved away from Tuesday’s lows during the hump-day session, as
‘Survival games’ as Bitcoin hash price skirts near all-time low
Brayden Lindrea4 hours ago‘Survival games’ as Bitcoin hash price skirts near all-time lowDespite the hash price crash, most Bitcoin mining machines remain profitable for the time being.1844 Total views6 Total sharesL
Kraken Acquires Australian Crypto Platform Bit Trade
Kraken Acquires Australian Crypto Platform Bit Trade The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobb