Whats going on in Binance Smart Chain? - page 3.

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

Quote from: Jaered on May 28, 2021, 10:26:34 AM

First it was pancakeswap, venus, bunnyswap, now it is burgerswap and juld. What's going on?I know blockchains are vulnerable and all. But I noticed that the Binnace Smart Chain has been under severe attacks recently. Is it because of low number of validators leading faster transactions or what?

It's because BSC is a cheap chineese copy of ETH.
They couldn't copy most of the security protocols so they just left them out, leading to what you see here

HardCore12V

member

Activity: 223

Merit: 13

Blame the projects team not binance smart chain, there are too many crap people pretending to be experts in the blockchain field but they know nothing, a real project should know the existence of hacks and attacks and also be fully prepared to avoid falling victims, it's why we have platforms like CertiK and also bug bounties

5W-KILO

member

Activity: 234

Merit: 35

Moon.win

Don't expect the impossible, thinking that a new smart contract project can't be a victim to hacks is impossible this is reality, few projects don't even have qualified team members but because crypto speaks money they are all looking for their own way to fill pockets

sujonali1819

legendary

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Need Campaign Manager?PM on telegram @sujonali1819

That means you are saying about those exchanges are victim of hacks? Your words are meaning like that.

Hackers always target the trending platforms and which is basically build recently. Because new platforms has always some vulnerabilities, and they don't miss the chance to attract them.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: Jaered on May 28, 2021, 10:26:34 AM

...But I noticed that the Binnace Smart Chain has been under severe attacks recently. Is it because of low number of validators leading faster transactions or what?

It's not the BSC network that's under attack but the platforms built on top of it. Do not mix them up. Put the blame to the project developers who made the codes that were exploited by the attackers.

It's the same thing when platforms on ethereum chain are exploited. You don't put the blame to the miners and the thousands of nodes running the network.

Ghondronk

member

Activity: 356

Merit: 14

https://exiptoken.io/

When the exchanges get popular and start to trade more assets, those become highly attractive to the hackers and crackers. At this point, they start to find out the vulnerabilities and any loop holes to get into it. Hence, the administrators should always eliminate possible attacks by strengthening the security levels. No matter how well their exchanges perform, one such incident will do a huge damage, not only to that exchange itself, but also to the growth of the crypto-market.

Jaered

jr. member

Activity: 840

Merit: 4

First it was pancakeswap, venus, bunnyswap, now it is burgerswap and juld. What's going on?I know blockchains are vulnerable and all. But I noticed that the Binnace Smart Chain has been under severe attacks recently. Is it because of low number of validators leading faster transactions or what?

Topic: Whats going on in Binance Smart Chain? - page 3. (Read 251 times)