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Emin Gün Sirer @el33th4xor
, 7 tweets, 2 min read Read on Twitter
Hilarious. #6 cryptocurrency NEO is just a 7-node system Uber the control of a single party, and the code isn't designed to handle even a single, benign failure.
No idea what process Weiss Ratings uses to rate coins, but clearly, it's bunk.
If you have 7 nodes, all running exactly the same code, under the same administrator, you don't have any fault tolerance. Anyone who can compromise one can compromise all. Might as well use a single beefy server.
Replication of this kind is employed to improve liveness. The system can remain up even if a hardware failure takes out a server.

But in this case, it actually hampered liveness. The system died because just one server failed.
While anyone can make a mistake in an implementation, this one is far too elementary and points to a broken design and development process at NEO.
Byzantine behaviors, message reorderings, quorum membership changes, these are hard to test.

A simple 1-node failure is trivial to test. There's no excuse for a broken system as a result of a single fail-stop failure.
Chances of NEO NOT being broken right now: 0%

It takes time to build and test a BFT protocol, as should be evident from the thread. Takes time to go from a synchronous network assumption to an asynchronous network. There's no way that happened in a few days. Caveat investor.
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