KB-96542804 How to turn a blockchain off and on again Image
To be honest, this process is not different I have seen on some other chains and during the EOS launch party.

1) Verify state and software version

2) Choose what chain to follow Image
What makes it interesting is slashing etc. and what happens with penalties for validators.

While events like this have happened before for chains, and many testnets, I do think the scale of this event sets a precendence.
Here are some of the Solana fixes Image
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Althouggh understanding the changes would one need to be an expert in Solana node codebase, which is only a handful of people, this tells an interesting story how to tune the train while it is moving.
Probably some of these issues could be caught in vigorous performance testing and network simulation - or they were but not released yet.

But any case, it is a very interesting story of engineering and (maybe) cascading failures en.wikipedia.org/wiki/Cascading…

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More from @moo9000

15 Sep
1/ THE TALES OF BLOCKCHAIN FAILURES

A Twitter novel

Who? When? Why?

Keep reading 👇👇👇
2/ Solana was down yesterday, Arbitrum was "down" as well.

Salty maxis crawled out from the caves shouting "#Bitcoin is never down" "#Ethereum is never down" "#IOTA is never down"

Technically they are not correct.
3/ So let's look at all the bad things that happened with the blockchain networks as a whole in history.
Read 34 tweets
6 Sep
1/ Climate activist arrested after ProtonMail discloses the IP address.

An interesting case for privacy and why this is significant: A decentralisation and #infosec thread.

Put on your Guy Fawkes masks now.

👇👇👇
2/ "@ProtonMail received a legal request from Europol through Swiss authorities to provide information about Youth for Climate action in Paris, they provided the IP address and information on the type of device used to the police"
3/ The HackerNews discussion here

news.ycombinator.com/item?id=284272…
Read 26 tweets
24 Aug
1/ The GoEthereum 1.10.8 "hot fix" patch just went out. This is a critical patch, seems like it is an EVM level exploit, so it affects the whole #Ethereum network.

What's the bug? This is the question of many billion dollars.

Keep reading

👇👇👇
2/ The bug was originally discovered during Telos EVM, an EVM as-a-smart contract implementation on the to of EOS, audit.

Never heard of Telos? It's your VC free grass root effort, based on the EOS codebase.

docs.telos.net/evm/comparing-…
3/ The Telos press release itself here, see tweet from @Douglas_Horn, one of the leading Telos people:

Read 15 tweets
11 Aug
1/ Welcome to the #DeFi Wednesday, my ladies and penguins.

My fellow DeFi plebs are in the midst of a dark week - namely the largest ANY hack, EVER. And it happens to be a DeFi hack.

Let's dive into the dilemma how to instantly lose $666M

👇👇👇
2/ Poly Network (not affiliated with Polygon or $MATIC) had its cross-chain asset bridge hacked yesterday.

As far as I know this was the largest fintech hack, or even a bug, EVER.
3/ What is a bridge?

This cross-chain bridge is making non-natively issued tokens available on other blockchains. For example, $ETH and $DAI natively exist on only on #Ethereum mainnet. If you trade $ETH or $DAI on Polygon or Binance Smart Chain, it is a bridged asset.
Read 53 tweets
14 Jul
1/ Welcome to #DeFi Wednesday.

Scaling wars begun have. After high fees and congestion of 2021, everyone and their cow is out there to make a better EVM - #Ethereum Virtual Machine - blockchain. But how far the 7 years old EVM architecture can still take us?

👇👇👇
2/ For those, who hate reading threads on Twitter (which I know if all of you) and who enjoy long reads, my research is also available in the blog post:

capitalgram.com/posts/scaling-…

Good for getting sleeep at night.
3/ The first question we need to ask "why EVM?" There are nice highly scalable blockchains like @NEARProtocol, @solana and even @EOS_io out here. They provide more modern architecture than EVM and can do much better throughput and disk use.
Read 105 tweets
17 Jun
1/ Welcome back to the #DeFi Thursday.

Today we discuss the most massive algorithmic stablecoin crash known to humankind, $TITAN of @IronFinance

Or: How @mcuban was RUGGED BY THE PEOPLE and how to lose TWO BILLION DOLLARS.
2/ The "Rugged by the people" slogan was created by @freddieFarmer so do not let me take credit on that one.

But let's get started.

👇👇👇
3/ Iron Finance is (was) an algorithmic stablecoin on @0xPolygon blockchain.
Read 35 tweets

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