Madlads NFT Demand Overwhelms Internet, Delays Minting
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Home Crypto News

Madlads NFT Demand Overwhelms Internet, Delays Minting

April 20, 2023
in Crypto News
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Heavy Demand for Madlads NFT Breaks Internet, Delays Mint

On a recent Twitter spaces session, Solana founder Anatoly Yakovenko and CEO Raj Gokal were joined by Sam Bankman-Fried of FTX and Kyle Samani of Multicoin Capital to discuss the recent network outage that occurred on September 14th. During this discussion, they shed light on what happened during the incident and how it was resolved.

The Solana blockchain is known for its high throughput capabilities which enables fast transaction processing times at low costs. However, on September 14th, users experienced an unexpected outage that lasted several hours. The cause of the problem was traced back to heavy traffic from decentralized finance (DeFi) applications built on top of the Solana network.

According to Yakovenko, there were two main issues that caused the outage: “Firstly, we had some RPC nodes go down due to excessive load… And then secondly Cloudflare went down because they thought our RPCs [remote procedure calls] were DDoS attacks.”

RPC nodes are access points through which developers can interact with a blockchain’s API (application programming interface). When these nodes experience too much traffic or overload requests beyond their capacity limit, they become unresponsive leading to outages like those seen in this case.

Cloudflare is a popular content delivery network provider used by many websites globally as well as DeFi projects built on top of blockchains such as Ethereum and Solana. Its role is critical in preventing Distributed Denial-of-Service (DDoS) attacks against web servers by filtering incoming traffic before it reaches them. In this instance however, Cloudflare mistakenly identified legitimate user requests coming from Solana’s RPC nodes as malicious traffic causing them to be blocked resulting in further disruptions.

To resolve these problems quickly so users could resume normal operations again required quick thinking from all parties involved including engineers working behind-the-scenes tirelessly throughout the night until everything was fixed up properly once more!

During his appearance on the Twitter spaces, Bankman-Fried explained that the outage was a “stress test” for Solana and its ability to handle high traffic volumes. He also praised the team’s quick response in resolving the issue.

“The fact that it [the network] went down is not great,” he said. “But I think what really matters here is how quickly they got back up… And so far as we can tell from our end, everything has been pretty stable since then.”

Bankman-Fried added that FTX had experienced similar issues with their own exchange platform during periods of high tradingSponsored Product volume but were able to resolve them by scaling up their infrastructure.

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Samani echoed this sentiment saying: “This isn’t unique to Solana or any blockchain protocol; every single system on earth has some sort of limit… It’s just about finding those limits and pushing past them.”

The incident highlighted the importance of stress testing networks before launching applications built on top of them. Developers must ensure that their projects are scalable enough to handle sudden spikes in demand without causing disruptions like those seen during this event.

In conclusion, while the recent Solana network outage caused inconvenience for users, it served as an important reminder for developers building DeFi applications on top of blockchains such as Ethereum and Solana to prioritize scalability when designing their systems. As these platforms continue growing in popularity among investors worldwide looking for new investment opportunities within decentralized finance (DeFi), ensuring they remain reliable will be critical going forward!

#Heavy #Demand #Madlads #NFT #Breaks #Internet #Delays #Mint

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