tl;dr
Cardano withstood a DDoS attack in June with no downtime, showcasing the network's security and resilience. The attack, which aimed to disrupt operations, failed to impact Cardano's functionality or user experience. The Cardano Foundation reaffirmed the network's robustness and highlighted its abili...
Cardano withstood a DDoS attack in June with no downtime, showcasing the network's security and resilience. The attack, which aimed to disrupt operations, failed to impact Cardano's functionality or user experience. The Cardano Foundation reaffirmed the network's robustness and highlighted its ability to withstand such threats.
The attack involved flooding the network with spam transactions, but Cardano remained unaffected and even received unintended donations to a smart contracts audit and development company. The attack was stopped after efforts by Fluid Token's chief technology officer and the attacker's funds were taken in the process.
Despite the attack, Cardano's market trend remained unaffected, with ADA trading at $0.4090, reflecting a 4.76% increase over the past month. The Cardano Foundation's communication serves as a testament to the network's resilience and security, bolstering confidence in its ability to handle potential threats.
Cardano reiterated its resilience and security of its blockchain following the distributed denial of service (DDoS) attack that occurred in June. In their July 25th post, the Cardano Foundation highlighted the network’s ability to withstand the attempted disruption, which failed to impact Cardano’s operations or user experience.
DDoS attacks are a common method of cyberattack where the perpetrator floods a server or network with spam traffic to prevent legitimate users from accessing it. In this instance, the attack involved transactions executing numerous smart contracts.
Through an X post, Fluid Token’s chief technology officer reported that the attack began at block 10,487,530. Each transaction executed 194 smart contracts, with the attacker spending 0.9 ADA per transaction, filling each block with multiple transactions to stress the network. Ultimately, Cardano not just maintained its integrity, but also had the attacker inadvertently donate to smart contracts audit and development company, Anastasia Labs!
Anastasia founder Philip Disarro noted that the attack could be stopped by deregistering the stake credential used by the attacker. The attack was stopped shortly after Disarro’s post, with some of the attacker’s funds being taken in the process.
The failed network breach had no significant impact on Cardano’s market trend. ADA is currently trading at $0.4090, reflecting a notable 4.76% increase over the past month. The Cardano Foundation’s recent tweet serves as a reminder of the network’s resilience and security, reinforcing confidence in the blockchain’s ability to withstand potential threats.