Was Solana hacked?

Soon after the heist, analysts at blockchain security firm CertiK said the hack represented the largest-ever attack on the Solana network and an “unfortunate reality” for the booming decentralized finance space, which has heated up among investors alongside the broader cryptocurrency industry over the past year, …

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What does Solana crypto do?

Solana is a public, open-source blockchain that supports smart contracts, including non-fungible tokens (NFTs) and a variety of decentralized applications (dApps) . Native to Solana’s blockchain is the SOL token which provides network security through staking as well as a means of transferring value.

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What is the problem with Solana?

Solana, one of the largest blockchain networks, was hit by instability during a turbulent week for cryptocurrencies. The issue experienced by validators that use their computing power to help verify the network was caused by excessive duplicate transactions , according to a notice on the Solana website dated Jan. 22.23 Oca 2022

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