July 14, 2024
Altcoins News

Cardano Thwarts DDoS Attack, Plans Security Upgrade

A recent failed spam attack on the Cardano blockchain has prompted developers to work on a node upgrade to prevent future distributed denial-of-service (DDoS) attacks.

DDoS Attack Details and Developer Response

On June 25, the Cardano network was targeted by a DDoS attack beginning at block 10,487,530. The attack aimed to manipulate the blockchain into charging lower fees for high-value transactions and potentially steal staked Cardano tokens. Raul Antonio, chief technology officer of Fluid Tokens, explained the attack’s objective.

Additionally, Philip Disarro, founder and CEO of Anastasia Labs, noted that the attack exploited the current fee structure, which does not account for the size of reference scripts, placing additional work on validators. Disarro and other developers managed to thwart the attacker, reclaiming the stolen ADA tokens and halting the DDoS attack. Disarro’s quick actions were crucial in mitigating the threat.

Community Efforts and Future Plans

Intersect, a member-based organization for the Cardano ecosystem, confirmed the attack and thanked the developer community for their swift resolution. Although the network was not compromised, it experienced a higher-than-normal load, affecting some stake pool operators due to intensified block height battles.

Furthermore, the Intersect task force is now working on a solution to minimize the impact of similar spam attacks. Once thoroughly tested and independently audited, a new node version will be shared for stake pool operators to upgrade.

Ensuring Network Security

The recent attack highlighted the importance of robust security measures for blockchain networks. Nevertheless, the Cardano developer community’s prompt and effective response demonstrates their commitment to maintaining network integrity. Moving forward, the planned node upgrade will enhance Cardano’s defenses against potential threats, ensuring continued stability and security for its users.

Image by pikisuperstar on Freepik

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

Related posts

Altcoins Expected to Bottom in Early Summer

Christian Green

Solana Embraces Stepn for Blockchain Fitness 

Christian Green

Venmo to Offer PayPal’s Stablecoin PYUSD to Select Users, Expanding Access in the Coming Weeks

Christian Green

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please enter CoinGecko Free Api Key to get this plugin works.
Index