Bancor Hacked, Augur Going Live and Bobby the VC?
7 years ago in #cryptocurrency by cryptobobby (65)
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Covered in this article days before the back
https://medium.com/thedailydose/neither-qsp-or-bnt-should-be-trusted-as-reliable-platforms-in-crypto-8872d5d594df
Supuestamente es imposible hackear el sistema, veremos como se comporta el mundo Crypto..
That's horrible. Is it a big exchange?
Augur will go live when it's ready. There are no public hard dates. What we do know is that the team is completing the backend and frontend and will submit it for code review to a third party auditor before summer time. After the third-party audit is completed the findings will be implemented; THEN it will go partially live with a market like, "Augur cannot be hacked". If the pool is lost, it turns out Augur can be hacked and those predicting that it could not be hacked were wrong.
Interesting but it doesn't seem that it was the exchange itself but the wallets the central organization developing it had control of. Will be interesting to see how this develops as decentralized exchanges should be more secure than centralized ones. This is the potential problem of centralized blockchains...
This is the nature of smart contracts, while they are "trustless" they are also susceptible to any coding errors.
I join one right now and I start to ask some questions