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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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© 2020 Relevant Protocols Inc.
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Interesting idea and worth reading, but transactions cannot be reversed while preserving a functioning decentralised system. I think it would be more effective to have more checks and balances during the transaction process.
Interesting idea and worth reading, but transactions cannot be reversed while preserving a functioning decentralised system. I think it would be more effective to have more checks and balances during the transaction process.
"When stolen, assets rarely simply sit in one place. The attacker often moves it hot-potato-style from one account to another. In this case, the attacker could even monitor the mempool and move the assets in a front-running transaction if they see a freeze request incoming. Our solution to avoid this scenario is by conducting the entire freeze (and its calculations) on-chain in one single transaction, so that the attacker can’t “outrun” the freeze."
"When stolen, assets rarely simply sit in one place. The attacker often moves it hot-potato-style from one account to another. In this case, the attacker could even monitor the mempool and move the assets in a front-running transaction if they see a freeze request incoming. Our solution to avoid this scenario is by conducting the entire freeze (and its calculations) on-chain in one single transaction, so that the attacker can’t “outrun” the freeze."
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