- Recently, the Cardano network was attacked.
- The attacker was forced to give up some of his possessions.
Cardano [ADA] Recent security threats were successfully foiled by its developers. The network’s developer activity showed an increase in response to this incident.
Despite all the efforts made and attention given to the incident, ADA’s price has remained unimpressive.
Cardano foils attack
It is important to note that the word “you” means “you”. Cardano On the 25th of June, network was subjected to a Distributed Denial-of-Service (DDoS). This attack was aimed to exploit the network’s staking mechanisms in order to steal ADA.
A detailed blog post from the CTO of Fluid TokenThe attacker began the attack at block 10 487 530. The attacker spent 0.9 ADA for each transaction.
Filling every block with such transactions will utilize “reward” The attacker was able to minimize his expenditure by using smart contracts.
Philip DisarroThe founder of Cardano Development firm Anastasia suggested that the attackers be deregistered. stake The attacker’s credential. The attack stopped after the attacker posted.
Disarro did note that the funds of the attacker had already been depleted before the attack stopped.
Cardano developers are a booming force
Cardano It has also been recognized by the network as the one with the most active development, which is a recent trend.
Analyzing the trend of development activities, it is clear that activity increased significantly shortly before the attack.
Specifically, development activity increased from about 160 on the 23rd to more than 180 on the 24th.
The latest statistics show that it is now at 190. Cardano’s development has reached its highest point in over a months.
The recent hacking attempt was the main reason for the surge in activity.
ADA struggles to remain in the top tier
Analysis of Cardano A daily chart showed a fluctuation of its recent price. AMBCrypto reported that ADA saw a 3.73% price increase on June 25th, reaching $0.39.
Here’s a list of realistic and not-so-realistic images. ADA market cap in BTC’s Terms
The rise was a short deviation from its downtrend of the days prior. The increase in price was however not enough to change the downtrend into an upward trend.
As this article was being written, ADA had fallen to approximately $0.38 after a minor decline of around 0.7%.
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Source: ambcrypto.com