Human Factor Behind The DAO Attack, Ethereum Rollback Not Option
The CEO of Synereo, Dor Konforty, has pointed out that the lesson to be learnt out of this whole situation is the fact that the human factor must be put into consideration and respected. Nevertheless, Konforty makes clear his support for Ethereum and states the position of his company over the June 17 attack on the DAO. Rollback shouldn’t be an option, Despite being a major ETH and DAO holder, Konforty insists that a rollback will set a wrong precedent. He says: “A rollback will set a precedent. This is a decision that is crucial to the growth of the decentralization movement and to the....
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Opal team took back its resolution to rollback the blockchain after recovering 65% of the stolen coins from the hacker. On December 15th 2014, the Opal crew discovered a malicious wallet attack that ultimately cost them around 2.5 million coins . In order to reduce the impact of the hack, the team reached the Opal community with a proposal to rollback the blockchain. A majority of Opal users favored the suggestion and the team consequently made their democratic decision public. Soon after, the hacker contacted the Opal team to negotiate. He subsequently agreed to return a stash of 1.7....
HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly for completing data-labeling tasks, and the first gateway into the HUMAN experience. HUMAN Protocol provides the end-to-end infrastructure – the tools, plugins, integrations, and APIs – to hire, manage, validate, and compensate individuals at scale. It is....
In a tight and tense time, NXT has reached out to CCN to inform us and our readers that they will no longer be considering a blockchain rollback. After the BTER cryptocurrency exchange hack and theft of 50 million NXT coins, the community has been waiting for something to happen. This story has evolved from initial theft to ransom, to the hacker not fulfilling their end of the ransom, to bidding wars, to the blockchain rollback being offered and then taken off the table. In the event full of twists and turns, the NXT community stands by and the cryptocurrency world watches as the latest....
Over 300 blocks were rolled back in the course of the 51% attack. Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW. $XZC....
According to reports from the NXT community and BTER, a rollback is no longer being actively considered. BTER announced on Twitter that it would seek to retrieve the stolen funds through other means. The company said: We have decided not to rollback but get the stolen funds back from the hacker since we have got lots of information of him. - Bter.com Exchange (@btercom) August 15, 2014. Update (15th August 22:15 BST): Updated with feedback from NXTOrganization. BTER is reporting that 50m NXT, or roughly $1.65m at press time, has been stolen from its exchange following an attack on one of....