The Solana network encounters a short-term failure resulting in performance degradation

According to our intelligence team reported that the Solana network was shut down for approximately four hours in the early morning of January 4th, UTC, suspected to be due to a DDos attack. Coinbase also provided a report on the “degraded performance” of the Solana network in the past 24 hours, which caused Coinbase’s SOL withdrawal to fail. However, Solana.Status shows that during this period, the network has been fully operational and the uptime is 100%. Yakovenko, co-founder of Solana Labs, said that network problems have nothing to do with DDoS, but problems with the new operation. The calculated cost model is still a bit unstable, and transactions must pre-specify all the resources they use. Austin Federa, director of communications at Solana Labs, previously stated that Solana’s runtime is a new design that does not use the Ethereum Virtual Machine (EVM), and a lot of innovations have been made to ensure that users get the cheapest possible fees, but still at runtime. There is work to be done. (Source: Cointelegraph)