RE: 19/07/2017 Parity got hacked for $30+ Million 07/11/2017 next one...

You are viewing a single comment's thread from:

19/07/2017 Parity got hacked for $30+ Million 07/11/2017 next one...

in ethereum •  7 years ago  (edited)

This is hugh problem with smart contracts because code will never be without any mistakes. We need a way to deal with human failures.
Edit: EOS acknowledges this problem. This is an excerpt from the EOS whitepaper:
"Changing Account Code

When all else fails and an "unstoppable application" acts in an unpredictable manner, a blockchain using EOS.IO software allows the block producers to replace the account's code without hard forking the entire blockchain. Similar to the process of freezing an account, this replacement of the code requires a 17/21 vote of elected block producers."
I thinks these block producers will be busy handling all the fuck ups.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

DPoS governance models are much better to fix mess-ups.