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Showing posts with the label flood

Manta Network addresses RPC flood, amidst MANTA airdrop hype

Manta Network successfully navigates RPC flood on the Manta Pacific chain, ensuring uninterrupted blockchain functionality and user service continuity. Manta Network, a Layer 2 modular blockchain, recently confronted a technical disturbance within its Manta Pacific chain triggered by an RPC (Remote Procedure Call) flood at 9 AM UTC. This incident, while significant in nature, did not hamper the blockchain’s core functionality. At around 9AM UTC, Manta Pacific chain experienced an RPC flood and we are resolving. The chain is running fine, blocks are producing, and accessibility is back online soon. — Manta Network (,) #MantaNewParadigm (@MantaNetwork) January 18, 2024 An RPC (Remote Procedure Call) flood is a type of network attack in which an overwhelming number of RPC requests are sent to a server or a network. This flood of requests can overwhelm the system, leading to slow response times or even making the service unavailable for legitimate users. In the context of a bl...

Former NYSE president reveals when ‘money will flood’ into crypto

Former New York Stock Exchange (NYSE) President Tom Farley is the latest figure in the financial world to discuss the potential impact of a spot Bitcoin Exchange-Traded Fund (ETF) approval on the crypto industry. This comes when there is growing speculation about the possible product approval by the United States Securities and Exchange Commission (SEC), a factor partly contributing to Bitcoin’s (BTC) bullish sentiment. In an interview with CNBC on November 21, Farley stated that the approval will likely lead to money flood ing into the crypto space, noting that people believe in Bitcoin while terming it ‘a great invention.’ Addressing the significance of Bitcoin, Farley expressed confidence in its status as a non-security, a sentiment echoed by regulators. This distinction, he believes, could expedite the approval process for a Bitcoin ETF, which the crypto community has long awaited.  “The thing about Bitcoin that gives me some optimism is that ev...