CORE

THORChain core developer Pluto announces departure

ChainCatcher news, THORChain core developer Pluto announced his immediate departure from the project, ending his four years of contributions. Pluto stated that he will continue to support Nine Realms to ensure a smooth transition of responsibilities. Meanwhile, community member TCB also expressed that if THORChain does not quickly take measures to stop the flow of funds from North Korea, he will also withdraw.TCB pointed out that there is a disconnect between the beliefs of the THORChain community and the actual operational situation, stating, "For a long time, those responsible for communication and those maintaining the network have held different views." TCB questioned the level of decentralization of THORChain, arguing that the infrastructure and user traffic of THORChain are primarily controlled by a few participants, making it difficult to achieve true decentralization and censorship resistance, "The company running the development team is an American company, and most of the developers are Americans, who are also the largest infrastructure providers. Other large infrastructure providers are also North Americans."TCB warned that when most of the funds flow are from stolen money from North Korea, it will become a national security issue, "To achieve credible decentralization, you need a network composed of over 1,000 unique validators." He mentioned that competitor Chainflip has quickly addressed similar issues at the network level, with all front ends implementing review measures.
2 days ago

Ethereum core developer: Rolling back Ethereum is almost impossible and could lead to difficult-to-fix chain reactions

ChainCatcher news, according to Cointelegraph, recently, regarding the February 21 hack of Bybit exchange that resulted in a loss of $1.5 billion, Ethereum core developer Tim Beiko stated that although some in the crypto industry are calling for the Ethereum network to be restored to its state before the attack, it is almost impossible to achieve from a technical perspective.Beiko emphasized that, unlike the 2016 TheDAO hack incident, this attack did not violate Ethereum protocol rules, and a rollback would lead to widespread and difficult-to-repair chain reactions, potentially causing more destructive consequences than the hacker's losses. Furthermore, a rollback would undo all settled on-chain transactions while being unable to reverse off-chain transactions.Other industry figures have expressed similar views. Ethereum educator Anthony Sassano pointed out that the current complexity of the Ethereum ecosystem makes a simple rollback of the infrastructure unfeasible. Yuga Labs' blockchain vice president even warned that the cost of a rollback could far exceed $1.5 billion.Previous news, when asked whether he supports rolling back Ethereum to the state before the hack, Bybit CEO Ben Zhou stated, "This is not something one person can decide. Based on the spirit of blockchain, perhaps it should be decided through a community vote, but I'm not sure."
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