How secure is the Solana Blockchain network?

  • May 21, 2024 3:54 AM EDT

    The security of the Solana blockchain can be assessed through its consensus mechanism, architecture, incident history, and ongoing security measures. Solana's unique Proof of History (PoH) combined with Proof of Stake (PoS) boosts network efficiency and supports high transaction throughput. However, the network has faced significant outages and DDoS attacks, revealing vulnerabilities that the community has addressed. Ongoing security measures include bug bounty programs, regular third-party audits, and stringent validator requirements. Despite these efforts, concerns about centralization and network stability remain, affecting the overall security assessment of Solana.

     

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  • May 22, 2024 4:40 PM EDT

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    • 21 posts
    May 27, 2024 6:22 AM EDT

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