On Wednesday, August 3, 2022, it was revealed that Solana (SOL) was facing a massive security problem after a hack drained 8,000 users of more than £5 million worth of cryptocurrency.
This hack was not done directly against the Solana (SOL) blockchain, but against the third-party add-on Slope Wallet, which allowed Solana (SOL) users to link their crypto wallets for a simplified crypto experience.
By targeting Slope Wallet, hackers were able to access the wallets connected through this service, leaving the root cause of the hack solely with the security of Slope Wallet rather than Solana (SOL).
However, for crypto users, this hack not only highlights some of the flaws and dangers of crypto investments, but also questions the legitimacy of smaller projects built on top of existing blockchains or protocols.
In this article, we’ll look at Solana (SOL) and why it remains safe despite some press releases, and why small projects like RoboApe (RBA) shouldn’t be turned down in the current climate.
Solana (SOL) Safety, simply put
Solana (SOL) is one of the most successful blockchain projects in the cryptocurrency market today, thanks to the many unique features that have given the blockchain a huge appeal.
One of the biggest draws to Solana (SOL) is its speed, times and power consumption, all of which beat most other leading blockchains. The average transaction costs are only a fraction of a cent on the Solana (SOL) network, where the blockchain can process approximately 2,860 transactions per second.
Is Solana (SOL) safe?
As mentioned, the fault of the hack is not with Solana (SOL) despite the hack only affecting Solana (SOL) wallet holders.
The Slope Wallet System is a Solana (SOL) wallet and asset management browser extension that allows users to buy and sell currencies and connect to decentralized applications (dApps) through the Solana (SOL) network. Connecting their wallets to this third-party Solana (SOL) browser extension made these wallets vulnerable, allowing the hack to take place.
The Solana (SOL) blockchain itself is incredibly secure. This is something Solana (SOL) is proud of because it can provide this security while being fast and affordable in its transactions.
So there is no need to worry about the safety of Solana (SOL) itself. However, it is a good reminder to exercise caution when dealing with projects and products and to do your own research regarding their services.
RoboApe (RBA) – The Latest Meme Token Project With Great Potential
While it’s understandable to be wary of newer or smaller projects in the wake of the Slope Wallet hack, there are still many projects in the market worthy of speculation.
One such project is , which will give legitimacy and wide use to its meme-token ecosystem.
Built on the Ethereum (ETH) blockchain, RoboApe (RBA) is a deflationary meme token with a purpose: to build a vast, diverse community united under a single utility token across a massive array of DeFi services.
From eSports leagues to SWAPs, RoboApe (RBA) is a platform where all crypto users can connect, uniting the many cryptocurrency usage scenarios under the RBA token. This connectivity allows the token to grow and increase in value, just like an active economy
RoboApe (RBA) plans to stay fresh for returning users by routinely updating and adding its library of services. These developments include free releases of DeFi games and apps, smart contract development across many processes, and routine improvement of the RoboApe (RBA) platform as a whole.
The platform will also nurture a thriving community and valuable coins through its DAO, where RBA token holders can vote and decide on the future of the platform.
In terms of security, RoboApe (RBA) has made sure that users can feel safe with their money.
First, building on Ethereum (ETH), RoboApe (RBA) is backed by a broad, heavily fortified system. There is a reason that Ethereum (ETH) has reached the place it has in the crypto market,
Second, those concerned about the legitimacy of the project can rest easy as RoboApe (RBA) has a locked liquidity pool from which they have valued their tokens. This means that the project was not built on smoke, but made legit, with its many goals and aspirations being far from vaporware.
With this in mind, it’s no surprise why some are eagerly awaiting the release of RoboApe (RBA). Make sure you don’t miss anything!
For more information on Solana (SOL) and RoboApe (RBA), .
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(With input from ANI)
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