Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
May 12, 2022 07:35 pm

Terraform Restarts Blockchain Behind UST Stablecoin, Luna

Terraform Labs restarted the Terra blockchain following a software update to help avoid attacks against the network in the wake of the collapse of its algorithmic stablecoin and the related Luna token that had roiled cryptocurrency markets. From a report: The fix is designed to help avoid so-called governance attacks against its protocol -- a way of manipulating the fundamentals of a given blockchain by acquiring enough tokens to force a majority vote. Following the patch's release, Terra said earlier that the network would go live again once two-thirds of the voting power belonging to validators came online to finalize the update. In previous outages for blockchain networks like Solana, this process has taken several hours to complete as validators can reside across multiple time zones.

Read more of this story at Slashdot.


Original Link: https://tech.slashdot.org/story/22/05/12/1935216/terraform-restarts-blockchain-behind-ust-stablecoin-luna?utm_source=rss1.0mainlinkanon&utm_medium=fee

Share this article:    Share on Facebook
View Full Article

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot