protocol () has worries over a that hypothetically would be worth over $3 trillion.
As picked up by Whale Alert, a Twitter account monitoring large transactions on blockchains, an user named “f***hacker.x” succeeded in creating a transaction for 1 trillion ($3.61 trillion).
The transaction, which ultimately failed due to its size being far greater than the total circulating supply, initially raised concern. At press time, is at around $3.61 with a total market cap of around $3.2 billion, according to data.
to Whale Alert on Twitter, however, block producer New York said the transaction made use of a feature of the protocol, known as a deferred transaction, which allowed the larger than possible transaction to be presented.
“The trx that creates the deferred trx can only determine whether the create request was submitted successfully or whether it failed. Once broadcast it is subject to normal validity checks,” New York explained, noting that Whale Alert “reported FUD .”
A summary of the transaction it failed to gain validation, while the motive of its creator remains a mystery.
“It would make sense that this transaction would fail because it’s clearly impossible,” New York added.
As Cointelegraph , has faced occasional difficulties in recent months. In February, a consensus failure among its 21 block producers a hacker to move 2.9 million which should have been blacklisted.
Criticism has also emerged of the governance system, which commentators have is insufficiently in the wake of a last November involving reversed transactions.
Published at Mon, 11 Mar 2019 14:14:31 +0000
