tl;dr

:The XRP Ledger (XRPL) has fallen victim to a relentless distributed denial of service (DDoS) attack, with hundreds of accounts orchestrating millions of transactions daily since December 26, 2023. The attackers utilize a strategic approach with minuscule amounts to sabotage the network, affecting l...

**Summary:** The XRP Ledger (XRPL) has fallen victim to a relentless distributed denial of service (DDoS) attack, with hundreds of accounts orchestrating millions of transactions daily since December 26, 2023. The attackers utilize a strategic approach with minuscule amounts to sabotage the network, affecting leading DEX project Magnetic X. Concerns have been raised about XRPL's ability to handle increased transaction loads, prompting questions about the fate of public nodes and those with limited capacities. However, some community members believe the surge in activity is due to the open-source nature of XRPL. The attack on XRPL has been relentless, with hundreds of accounts making millions of transactions daily, utilizing a strategic approach with minuscule amounts to sabotage the network. Leading DEX project Magnetic X has been significantly affected by this assault. Concerns have been raised about the network's ability to handle increased transaction loads, with questions surrounding the fate of public nodes and those with limited capacities. However, some community members believe the surge in activity is due to the open-source nature of XRPL.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 22 Nov 24
 22 Nov 24
 22 Nov 24