Acne Buterin suggested method of dealing with cryptocurrency hackers

The Creator of Ethereum , Vitalik Buterin caused a lot of controversy in cryptocommunist his recent message. In his Twitter developer suggested to use the opportunity to roll back the blockchain and spend hardwork in case of theft of large amount of coins. Subscribers Buterin quite reacted to that. Most of them were against serious external interventions in the Ethereum blockchain.

Not one step back

The message he attached a poll to know the opinion of the audience. The content of the tweet was the following.

Suppose popular smart contract with a huge number of ETH was hacked. Lost coins can be restored, rolling back the blockchain to before the hacking and by hardwork in the style of one that already took place after DAO. How many ETH must be at stake that you support this idea?

In total in voting participated for 14 577 people. 63% of them were opposed to any so radical interventions in the blockchain. 12% chose less than 1 million ETH. Nine percent agree a rollback, if the lost amount is in the range from 1 to 10 million ETH. Finally, 16 percent are willing to make sacrifices, when the amount of lost coins will be over 10 million.

Note that the ability to roll back the blockchain can cause serious blow to the reputation of cryptocurrencies because doing so violated the integrity of already committed transactions. In addition, thanks to the kickbacks Ethereum will lose the actual decentralization, so as to make such a procedure can the developers of cryptocurrency.

Source: Coindesk

So far, the programmers of the Ethereum Foundation are actively working on a transition project on Proof-of-Stake. Hopefully, it will solve all the main problems of the project Vitalik Buterin. Speaking of earnings validators in the new Ethereum 2.0, we wrote in this article.

By the way, about the idea of a rollback of the blockchain of the cryptocurrency at the time mentioned by the Creator of the Binance Chanpen Zhao. Recall that in may 2019 users exchange 7074 stole bitcoins at $ 41 million. Immediately after this, the Creator of the cryptocurrency platforms offered to roll back the chain of Bitcoin and did it knowingly. First, it is almost impossible technically, and secondly, members of the cryptocurrency community criticized the idea.

And you would support the ability to rollback the blockchain in time? Share your opinion on this matter in our cryptodata millionaires!


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