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Solana, one of the leading blockchain platforms known for its high-speed transactions and low fees, has announced a series of drastic measures aimed at enhancing network stability and security. This move comes in response to recent challenges that have tested the resilience of the Solana ecosystem, prompting the need for comprehensive improvements. In response to crypto validator operators who were engaged in alleged “sandwich” attacks on traders, the Solana Foundation implemented drastic steps. These dishonest behaviors, which are very popular on decentralized networks, have resulted in the offenders’ complete expulsion. This project seeks to safeguard individual investors from abuse and maintain the integrity of the Solana cryptocurrency ecosystem by the Foundation’s stringent guidelines. The Solana network has faced several high-profile incidents in recent months, including outages and performance bottlenecks. These issues have raised concerns among users and developers about the platform’s reliability, especially as it continues to grow in popularity and usage. Solana’s development team has rolled out a multi-faceted plan to address these vulnerabilities and ensure long-term stability. “Sandwich” exploits use the order in which transactions occur on networks such as Ethereum and Solana. The idea is straightforward but cunning: a malevolent party places an order right before a transaction that is about to happen and another right after. By doing this, the price of a cryptocurrency asset can be manipulated to take advantage of the discrepancy and ensure that retail investors receive the worst deal possible. The gains go directly into the attacker’s wallet. These crypto validators were instantly kicked out of the Solana Foundation’s delegation program after discovering they had participated in mempools supporting these assaults. The head of Solana’s validator relations, Tim Garcia, made this announcement on Discord, restating the Foundation’s zero-tolerance attitude for any unacceptable conduct. “In this case, the decisions are final. As we…

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Filed under: News - @ June 11, 2024 9:24 pm