Phantom Wallet And Solana Overcome Technical Disorders

Phantom Wallet, crypto wallets on the Solana network face interference. (Photo; Doc. Finswin)

JAKARTA - The Phantom digital wallet, which plays an important role in Solana's Web3 ecosystem, recently experienced technical problems. This incident is one of a series of problems that have hit the layer-1 Proof-of-Stake (PoS) blockchain network. Users report that the wallet browser version does not allow transactions to be processed, with some successfully making transactions while others are hampered without a clear description.

Phantom Wallet has yet to confirm any interference. The ghost is Solana's network crypto wallet known for its downtime. In early February, the wallet experienced a DDoS attack that forced a temporary suspension of service. However, Solana's rapid user growth also recorded a significant increase for Phantom, with 4 million monthly active users potentially triggering traffic jams on the platform.

Solana's team is trying to find solutions to overcome frequent disturbances. One of the steps explored is the application of priority costs for applications built on top of its network. Innovation in the use of a total computing unit (CU) is expected to increase the number of transactions and the scalability of the network.

Despite optimism for Solana's technology, repeated similar disruptions could hinder its ambition to compete with Ethereum. For example, the DDoS attack that occurred on the Phantom caused losses whose value could vary for network developers Solana and Phantom.