RATE Group | Research Claims EOS Network Can Freeze, Block.one Denies Any Errors
64361
post-template-default,single,single-post,postid-64361,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

06 Oct Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

Posted at 07:45h in Cryptocurrency News by

[ad_1]

Within the past few weeks, EOS blockchain protocol users have been experiencing periodic problems with network access. A recent article written by pseudonymous smart-contract developer and security engineer Dexaran described the apparent root of the problem: an inexpensive technique that allows hackers to “congest” the network — or put it into a low-efficiency mode — with just a few dollar’s worth of EOS.

Seemingly, that exploit allowed a hacker to steal more than $110,000 in cryptocurrency from an EOS gambling application, EOSPlay, earlier in September. However, executives of EOS’s parent firm, Block.one, are not fazed, arguing that the network is operating “correctly.”

EOS basics: Governance, staking and congestion mode

EOS.io is a blockchain-powered smart-contract protocol for the development and hosting of decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake (DPoS) and is governed in accordance with the EOS User…

[ad_2]

Source link

Tags:
, , , , , , ,