Bitcoin strengthens whilst Solana alt-coin recovers from attack

Bitcoin strengthened in Wednesday’s early deals, up 2.6% at US$47,151, whilst highly popular alt-coin Solana recovered from an attack that knocked out its system and forced a reset.

Solana, which rose to prominence recently as a low-cost alternative to Ethereum, saw its price drop around 15% on Tuesday night as a 400,000 transactions per second ‘denial-of-service’ attack disrupted the network.

Engineers in the Solana community worked to restore service to the crypto system and trading in SOL resumed in the early hours. At US$162, the crypto is down 2.9% for the day but has recovered from the last night’s low of around US$144.

According to reports, Ethereum was also targeted by an unsuccessful attack.

Ethereum meanwhile also saw separate network disruption on Tuesday as Arbitrum One, a layer-two network that helps the main Ethereum blockchain to scale and is in beta, suffered a code-based problem.

At US$3,401 Ethereum was up around 2% on Wednesday.

Cardano’ ADA price continues to consolidate following the weekend’s high profile ‘hard-fork event which enabled the use of smart contracts on the blockchain system. At US$2.39 ADA is down 1.4% for the past 24 hours.

Story by ProactiveInvestors