Hey, if anyone wants to claim 400 Ada from the attacker just deregister the stake credentials they are using (you get 2 Ada per stake credential you deregister and the attacker is using 194 always succeeds credentials). Also, this would immediately stop their DDOS on the network (it would cost another 400 Ada to start again which could then immediately be stolen from them).
Just to clarify, the network is behaving as intended. Liveliness is unaffected. Everything (block size limit, transaction size limits, block times) are all set so conservatively that any attack on liveliness is a total waste of funds. Even with validators deserializing 194 junk scripts (~16kb each) per transaction the validators are totally fine processing these transactions (which involve deseralizing roughly 200x what they are used to). If anything this is a really great illustration that we have a huge amount of leg room to bump up the parameters safely.
The idea behind this attack is to take advantage of the fact that the size of reference scripts currently does not impact the transaction fee, but it does impact the work that validators have to do to process the transaction. However, it actually does indirectly have a cost because each script execution incurs the CEK setup cost and requires an additional reference input which increases the transaction size.
@RyanSAdams@IOHK_Charles Let me tell the Cardano story. I will happily fly to wherever and give the rundown of the ecosystem and ongoing research / innovations.
#Cardano has been attacked time after time.
I have been running a Cardano stake pool for over 3 years now. Cardano doesn’t experience outages.
Transactions are fast and cheap. There are so many brilliant, smart people in the community.
People criticizing Cardano seem to purposely omit some of the pros of the protocol, focusing on criticism with no real substance. 'It’s a ghost chain.' No, it isn’t. Here’s a list of projects that are building on the Cardano blockchain: https://t.co/35wkCPCJwb
And yes, other networks perhaps do have more projects, but how many of substance? I am not saying every project on Cardano is worthy, hell most of them are not. But neither are the ones built on other blockchains. I would go as far to say 90% of projects in the entire crypto space as of now are purely cash grabs, scams and do not have much use cases in real world.
Moreover, Cardano offers:
Scalability: It aims to achieve scalability through a layered architecture, allowing for increased transaction throughput as the network grows.
Interoperability: Cardano is designed to be interoperable with other blockchains, facilitating seamless communication and exchange of assets across different networks.
Sustainability: The network utilizes a proof-of-stake consensus mechanism, which is more energy-efficient compared to proof-of-work systems, leading to greater sustainability.
Formal verification: Cardano employs formal methods in its development process, enabling rigorous mathematical verification of smart contracts and protocol updates, enhancing security and reliability.
Decentralized governance: It features a decentralized governance model, allowing investors to participate in decision-making processes through on-chain voting mechanisms.
Community support: Cardano boasts a vibrant and engaged community of developers, researchers, and enthusiasts who contribute to the project's growth and development.
Research-driven approach: Cardano's development is guided by academic research and peer-reviewed papers, ensuring a solid theoretical foundation for its protocol design and implementation.
Regulatory compliance: Cardano aims to comply with regulatory requirements, which may enhance its adoption and integration into traditional financial systems.
In terms of the price, the $ADA price action has surprised critics in the last bull market. This time won’t be any different. Mark my words.