Modern cyber-attacks generally target big companies and businesses having huge data holdings. For instance, GitHub, a renowned online software development company, suffered from a DDoS attack that overloaded their online servers with huge online traffic of around 1.35 TB every second. Similarly, a credit reporting company named Equifax which collects information on approximately 88 million companies and 800 million individuals worldwide, suffered a massive cyber-attack that compromised their 150 million customers’ personal information. Cyberattacks on businesses frequently occur to steal important customer data from them. With the implementation of popular blockchain technologies such as Solana blockchain, businesses can combat customer data theft.
How does Solana operate, and how it helps to solve cybersecurity threats?
Solana blockchain operates on a Proof Of Stake consensus mechanism; as a result, this platform can handle around 50,000 transactions per second. Solana is a decentralized and secure blockchain network. PoS consensus algorithm makes the network safe and secure. For a business that wants to process transactions faster and securely, Solana blockchain can provide attractive solutions for essential applications like payments requiring instant transaction processing. Solana blockchain is less centralized than other blockchain platforms, making it a safe and secure option for businesses. Solana has created a secure decentralized, scalable blockchain that has great potential to revolutionize how businesses and other companies use blockchain technology. It provides scalable and practical blockchain solutions to businesses and helps them operate securely.
- Advanced-Data integrity and confidentiality
Solana is an open-source and distributed blockchain network that provides great scope for data access control and confidentiality. Encryption of the Solana blockchain makes sure that the data is not accessible to any wrong organization or person while in transit.
- Secure Private Messaging
Many companies and businesses choose Solana blockchain to secure their private and personal information that can be exchanged over messaging apps, social media, and chats. Companies who are looking for a secure platform can benefit from the help of the Solana blockchain, which eliminates foreign attacks.
- Diminished distributed denial of service DDoS attack
A DDoSattack is an attack where several compromised computer systems tend to attack a target like a website, network source, or server. It causes a denial of service for users. This type of attack crashes, slows down, or shuts down the system and causes a denial of service to legitimate systems or users. Businesses can integrate the Solana blockchain into decentralized solutions to eliminate or provide protection against such types of attacks.
- Eliminating Technological Transparency
Solana blockchain uses distributed ledger technology for publicizing and decentralizing all transactions. Solana’s secure, transparent, and decentralized nature helps detect errors and provides cyber security applications. Due to breaks in records or vulnerable points, there are fewer chances for hackers to exploit data, unlike traditional database structures. The ease of access and transparency of the Solana blockchain helps to create efficiency and accountability in business.
The use of the Solana blockchain has enabled businesses to prevent malicious attacks like DDoS attacks, implement encryption protocols within their networks, and have transparency and accountability in their operations. Solana has made significant achievements in solving blockchain trilemma regarding scalability and security. It can be concluded that Solana can become a truly transformative and ubiquitous blockchain technology in the cybersecurity world. It has the potential to shape the future of blockchain technology.