Cardano, a popular blockchain protocol, recently faced a distributed denial of service (DDoS) attack as attackers tried to steal tokens staked on the network. Despite the attack, Cardano managed to mitigate it successfully without any major chain downtime or tokens being stolen. The attack involved smart contracts executing transactions to overwhelm the network, but it was quickly thwarted before any damage occurred.
In response to the attack, Fluid Token CTO “ElRaulito_cnft” revealed details of the incident, stating that the attacker used smart contracts of type REWARD to send large transactions while spending the least possible amount. The attack began at block 10,487,530, with each transaction executing 194 smart contracts. However, Cardano continued to operate as usual without any interruptions or congestion, showcasing its resilience against such attacks.
Cardano’s founder and CEO of development company Anastasia, Philip Disarro, mentioned that the DDoS attack was stopped instantly by deregistering the stake credential used by the attacker. The attack was halted shortly after Disarro’s post, with the attacker attempting to protect their funds. Despite the unsuccessful attack, the ADA price remained stable at just above $0.39, gaining 0.44% in the past 24 hours.
Looking ahead, Cardano is gearing up for a significant upgrade this month with the Voltaire era, marking a major milestone for the blockchain. The upcoming software update, Cardano Node 9.0, is set to be released this month, paving the way for the Chang hard fork to transition into the Voltaire era. This shift will see Cardano being fully managed by community members, moving away from IOHK’s active management.
Despite the recent attack, supporters of Cardano remain confident in the blockchain’s ability to transition smoothly into the decentralized Voltaire era. With successful mitigation of the DDoS attack, Cardano has proven its resilience and readiness for the next phase of development. The blockchain ecosystem continues to evolve, attracting investors and stakeholders who see the potential for Cardano to become a leading decentralized platform in the cryptocurrency space.
