The Lisk blockchain went offline and returned a day straks, without a hard fork – but shows that even delegate-powered coins can be relajado.
Spil crypto assets remain very valuable and sought-after, attacks are coming with an attempt to maliciously spend or steal assets. Te all cases until now, the attacks involved mining – but the latest coin to be attacked wasgoed Lisk (LSK).
The Lisk blockchain is secured by 101 delegates elected by the community. The delegates serve to verify transactions and produce blocks. However, te a June Two attack, a faulty transaction wasgoed accepted, however it generated warnings for having a faulty timestamp. The transaction did not go through, but caused block production to embark.
The Lisk network since then works on an updated version, which does not contain the bug.
Unluckily for Lisk, the punt has merienda again underlined the problem of &ldquo,Elites&rdquo,, or delegates that have found a way to vote themselves into positions without the broader community. Some believe the delay ter turning on the Lisk network again wasgoed due to the delayed response of delegates, who would need to update their knots.
The Lisk project has one of the few working voting systems, with much more delegate knots compared to up and coming projects like EOS and TRON, which are yet to test a similar system of delegates. The attack against the network and the reaction of the knots shows that the system is imperfect at best.
A few days after the news, the LSK market price suffered a shakedown, along with the surplus of the markets. LSK lost more than 10% te the past 24 hours to $8.53, and has bot on a downward trend ter the past month.
Recently, LSK launched trading on OKEx, but the news only exacerbated the druppel. Lisk wasgoed one of the best-performing projects with a dedicated team ter its Berlin offices. The Lisk project underwent a rebranding ter February, but this did not help the coin&rsquo,s market price too much. Predictions of $30 failed to materialize.
The one thing positive about LSK is that a loterijlot of coins are locked with the delegates, who have no rente ter selling them on the open market. The work of the delegates can be observed through the explorer contraption.