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Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 130. (Read 375744 times)

newbie
Activity: 51
Merit: 0
Can not you really understand all the things for those who use it for the first time? I tried to go directly to the telegrams. I'm getting a mistake. okay. then to further use this you need to invite users, comment and tie everything to any social networks. Is this how it is done? I just want to use it without any binding. I'm very displeased.
sr. member
Activity: 1022
Merit: 340
I hope all misunderstandings on the project is behind us.
Well, that's good, it seems life is improving. Instant now not only transfers, but also sales and purchases. Smiley
https://twitter.com/Bancor/status/1022496816053596160
jr. member
Activity: 266
Merit: 1
Bancor is live NOW speaking with WorldCosplayNet about building a network of cosplay tokens:

https://www.youtube.com/watch?v=8XlKpV26nPs
full member
Activity: 532
Merit: 102
I am trying to login to my bancor wallet via telegram bot as i used to do. Its saying in order to start a conversation i shud check the website. What website?

https://www.bancor.network/ https://www.bancor.network/isit the website, click on sign in, select telegram and then it'll direct you to the bot which will give you your log in link
member
Activity: 72
Merit: 10
I am trying to login to my bancor wallet via telegram bot as i used to do. Its saying in order to start a conversation i shud check the website. What website?
newbie
Activity: 84
Merit: 0
Got a question?

Need to report a problem?

Let us know in our telegram channel!

We welcome you to the Bancor community Smiley

https://t.me/bancor
jr. member
Activity: 364
Merit: 1
By token bancor, nothing has disappeared, the very fact of hacking is of course very unpleasant, but I think the team will draw conclusions and will do everything possible so that such situations no longer repeat. Meanwhile, the price for Bancor is gradually beginning to recover.

Even this was mentioned before about some security holes and it could lead to a big lose if someone made hack attempting on this network. But they ignored this warning in past and didn't took this seriously and now after this incident they have their focus to make secure this network and fixing all bugs there. That is the reason price is start recovering I hope in future this will become secure network.

Nature learns through catastrophes, and so do humans. Even though if would have been obviously better to secure the network thinking in advance that something like that could happen, nevertheless it's OK to do it later as well, especially as major damage has been avoided.

Thanks for your understanding PandoraTV! Indeed, it is very much preferable to prevent incidents from happening in the first place. But as you so rightly point out, the important matter is that the team has learned from this breach and is working to prevent them from happening again. The fact that this is the first breach of any real significance in over a year of service, as well as over a billion USD processed is a great sign. But things can always be improved, and the team is very keenly aware of that fact. One good result of this breach (if we are to look for silver linings) is that it proved the security measure built into BNT to be useful, and has prompted a greater discussion in the community as a whole on the topic of security for exchanges as well as how much is too much. We look forward to what the future has in store, and the improvements that this will bring to the space in general.

I was unaware that over one billion USD has already been processed in the fisrt year of life of Bancor. That's impressive and very promising. Security issues are an inevitable price to pay when you are pioneering territories where nobody has actually been because they have been created by you.

You are exactly right. There is no way to possibly predict every pathway. Even with all the security audits that are completed, there may be a way in or something in a future update that can compromise the previous security. That is why the team put the security measures built into the token itself. That way when this breach occured, it was contained and quickly stopped (at least for the BNT). It's also why Bancor does not have access to any of the user wallets. That way this breach was limited to the breached wallet alone. We hope that others in the crypto space will look to these examples and see how effective it was in mitigating the threat.

Safety in the crypto age is so vastly critical, that it needs everybody to work together. It was heartening to see the many other exchanges come together to help freeze flagged funds from the incident in the hours following the breach.
newbie
Activity: 57
Merit: 0
By token bancor, nothing has disappeared, the very fact of hacking is of course very unpleasant, but I think the team will draw conclusions and will do everything possible so that such situations no longer repeat. Meanwhile, the price for Bancor is gradually beginning to recover.

Even this was mentioned before about some security holes and it could lead to a big lose if someone made hack attempting on this network. But they ignored this warning in past and didn't took this seriously and now after this incident they have their focus to make secure this network and fixing all bugs there. That is the reason price is start recovering I hope in future this will become secure network.

Nature learns through catastrophes, and so do humans. Even though if would have been obviously better to secure the network thinking in advance that something like that could happen, nevertheless it's OK to do it later as well, especially as major damage has been avoided.

Thanks for your understanding PandoraTV! Indeed, it is very much preferable to prevent incidents from happening in the first place. But as you so rightly point out, the important matter is that the team has learned from this breach and is working to prevent them from happening again. The fact that this is the first breach of any real significance in over a year of service, as well as over a billion USD processed is a great sign. But things can always be improved, and the team is very keenly aware of that fact. One good result of this breach (if we are to look for silver linings) is that it proved the security measure built into BNT to be useful, and has prompted a greater discussion in the community as a whole on the topic of security for exchanges as well as how much is too much. We look forward to what the future has in store, and the improvements that this will bring to the space in general.

I was unaware that over one billion USD has already been processed in the first year of life of Bancor. That's impressive and very promising. Security issues are an inevitable price to pay when you are pioneering territories where nobody has actually been because they have been created by you.
sr. member
Activity: 621
Merit: 250
Will the bancor protocol design be able to move to layer 2 to avoid high transaction fees?
jr. member
Activity: 364
Merit: 1
Bancor is recovering really good after hack. I am not agree that contract pause function is really bad in the world of decentralization. Is a good thing that such big amount of funds didn't got to bad hands.

Thank you Awallon. The Bancor team agrees, and has been following the debate in the crypto community very keenly. We are excited to see how the community will take this code and enable even further security features.
sr. member
Activity: 518
Merit: 299
Bancor is recovering really good after hack. I am not agree that contract pause function is really bad in the world of decentralization. Is a good thing that such big amount of funds didn't got to bad hands.
sr. member
Activity: 686
Merit: 261
AlchemyCoinio has announced that it will become the first security token to join the Bancor Network. With zero listing fees and continuous liquidity for AFI holders, it was a no-brainer. https://ban.cr/AlchemyIntegration
full member
Activity: 532
Merit: 102
Bancor has come roaring back after the theft, processing over $30M in weekly conversion volume, with a flurry of new tokens activating on the network. More details in our July Progress Update: https://ban.cr/JulyProgressUpdate
member
Activity: 390
Merit: 11
Where can I see connector weights and which tokens are held by each Bancor smart token?

Hey there, you can see the liquidity depth on the webapp from the website. Which is the market depth of the token within the Bancor network.
hero member
Activity: 827
Merit: 502
Where can I see connector weights and which tokens are held by each Bancor smart token?
member
Activity: 1330
Merit: 10
When can we get pundix token back in the bancor app?
Any details

No details for now, but be sure to stay tuned to https://t.me/BancorNews for more once there's information
full member
Activity: 156
Merit: 100
When can we get pundix token back in the bancor app?
Any details
jr. member
Activity: 266
Merit: 1
If this wasn't explicitly programmed into the BNT contract, not a penny would have been lost. I read that promising decentralized exchanges plan to provide token exchange between different blockchains.

Hello, Haibui999, I'm not sure what 'this' means in your message. Please take a look at this video about the cross-chain bridge in Bancor:

https://www.youtube.com/watch?v=7yVz1s_cbHY
sr. member
Activity: 588
Merit: 250
Bancor has come roaring back after the theft, processing over $30M in weekly conversion volume, with a flurry of new tokens activating on the network. More details in July Progress Update: https://ban.cr/JulyProgressUpdate
jr. member
Activity: 364
Merit: 2
It is understandable the point of view and vision what Galia has discussed with Max Keiser on the future of liquidity network. It will remain to be seen how that model or mechanism of some third kind system which is neither centralized nor decentralized but is extremely useful to combat the criminal attacks on networks. This exploiting has opened new debate of collaboration within the industry that is quite interesting.

Well said, jtalk. Benartzi did a perfect job of presenting Bancor and the space in which we operate in a professional manner. For those who missed out, watch from 13:10:
https://www.youtube.com/watch?v=ojMJBJZNgdU
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