What kind of coin is Solar’s coin?

It is a Solana coin that was once said to be a coin to replace Ethereum. I can’t deny that the credibility of the hacking problem has decreased a lot since last year. 바이낸스 거래소 사이트 What kind of coin is Solar’s coin? Solana Coin is a blockchain platform developed by Solana Labs. Unlike other blockchains of PoW (Proof of Work) or PoS (Proof of Equity), it is a hybrid blockchain that combines PoS (Proof of Equity) and PoH (Proof of History).

‘Proof of work’ is a method of receiving compensation for computational work using a graphic card, and ‘Proof of equity’ means compensation for depositing the coin.

Until now, many blockchains have emphasized that they are “Etherium killers” and have put forward new methods of proof. Solana Coin also received attention for its historical proof (PoH) that it is its own technology.

Solana’s historical proof (PoH) is a cryptographic proof that time has passed between the two events.

Solana Coin, ranked ninth in market capitalization

Currently, it is ranked 9th in the cryptocurrency rankings based on market capitalization, and the specifications of computers used to operate nodes are only very high, so it has grown rapidly with high performance.

Compared to Bebe, where Ethereum handles about 30 transactions per second, Solana can handle more than 60,000 transactions per second. The transmission fee is also less than 1 won, which is very cheap compared to the fees of Ethereum and Bitcoin.

The reason why Ethereum recently upgraded Ethereum 2.0 is because it wants to improve Ethereum’s problems as a number of Ethereum-based NFTs or defies are running.

Solana is a Layer 1 coin that allows various projects to run on its own blockchain base, and it is the only blockchain that can be expanded among Layer 1 coins. In other words, there are many DApps that can build an ecosystem based on Solar.

This made it the fastest-growing Layer 1 coin in 2021.

The price of Solana, which was around $1 in November 2020, reached $260 in November 2021, which has grown hundreds of times.

However, as Solar and Coin’s repeated hacking and server outages continue, doubts about Solar and Coin’s technology are gradually increasing.

Solar and Coin’s Anxiety

The Solana network had already been paralyzed in September 2021, and a total of nine network problems occurred in January 2022 alone.

In February 2022, a wormhole, a bridge service that crosses Solar Labs’ chain, was hacked and about 3,900 won worth of virtual assets were stolen.

Warmhole is a service that enables transactions between Solana and other blockchain platforms. At that time, about 120,000 wETHs were stolen by hackers.

WETH (Lab Durium) is a virtual asset that is tied up to allow ERC-20 coins and Ethereum to be traded, maintaining a 1:1 value with Ethereum.

The damage caused by the wormhole hacking incident is the fourth-largest in the history of virtual assets and the second-largest in the defy area. This suggests that security for solar or blockchain-based defy services is too weak to keep up with the size of the funding.

As a result, Solana’s technology and security have been flawed and the market has begun to lose confidence.

Solana’s network stability problem was also a problem in May. The hacking paralyzed the entire network for seven hours. The “Candy Machine,” an NFT publishing tool based on Solana, was attacked by hackers with swarms, and rather, normal verifiers were pushed out of the consensus algorithm. At that time, Solana’s side couldn’t analyze the hacker’s attack method.

In this situation, once again today, Solar’s hacking problem erupted.

The hacking that occurred today is said to have stolen coins from addresses that have not been accessed for more than six months among “Phantom” and “Slope,” which are Solana-based wallet services.

Hackers have already hacked more than six million dollars of coins from thousands of wallets. Considering that the signature of the actual owner has been made, it seems that the private key of the wallet has been exposed.

As a result, domestic exchanges have stopped depositing and withdrawing Solana, and Upbit has stopped depositing and withdrawing to Stephen (GMT), a Solana-based NFT coin.

Upbit’s Solana and Stephen’s Notice of Suspension of Deposit

Experts recommend that browser-based wallet users with Solana’s service should release their wallets and use Cold Wallet.

The speed of transaction processing is important for blockchain, but the most important thing is the stability and security of the network.

It remains to be seen whether Solana, who remains ninth in the market capitalization despite the continuing hacking issue, will be able to maintain it in the future.

On the other hand, if these major coin hacking issues occur, we can expect the market to fall.

You have to use the Futures Exchange to make a profit by betting in the direction of the decline.