According to Sun, a malicious contract attacked the main TRON network during the update to version 4.1 on November 2.
The attacker used the authority granted to contract developers and initiated transactions aimed at stopping the super representative from issuing blocks. TRON employs a system of 27 elected Super Representatives who are responsible for issuing new blocks and are rewarded for their contributions.
“Since TRON is the busiest blockchain network in the industry, the attacker hoped to capitalize on the blockchain production halt,” Sun writes. "The TRON community responded immediately, finding and fixing the issue, and contacting super representatives to update the nodes."
After two hours, the release of blocks in the main network was gradually resumed, and after another hour it returned to normal operation.
“The data on the web has remained unchanged, and the user's assets are completely safe,” adds Sun.
The TRX rate has dropped by 2% over the past 24 hours, which is consistent with the dynamics of the broader market.
Cryptocurrency startup ZenGo to launch debit card in partnership with Visa
The startup behind ZenGo, a non-custodial cryptocurrency wallet, has joined the Visa Fast Track program. Writes about this TechCrunch.
The ZenGo team hopes that this will help launch its own map in 2021. At the first stage, it will be available to US residents.
The head of the startup, Ouriel Ohayon, said that the card is not associated with storage - it will be tied to a user-controlled wallet. ZenGo will allow you to convert cryptocurrency to fiat to pay at terminals or withdraw cash.
Visa launched the Fast Track program in July 2019. It is aimed at fintech companies looking to accelerate growth with the resources and services of the payment giant.
Previously, the crypto company Ternio became a Fast Track member. So she planned to close the gap between traditional finance and cryptocurrencies.
HSBC Bangladesh Holds First Letter of Credit on Contour Blockchain
For the first time, the Bangladesh branch of the global banking company HSBC has carried out a deal on the import of fuel oil with a letter of credit issued on the Contour blockchain.
HSBC has settled the import of 20,000 tonnes of fuel oil from its Singapore subsidiary United Mymensingh Power. HSBC Bangladesh CEO Mahbub ur Rahman described the deal as a demonstration of the bank's commitment to “supporting cross-border trade using advanced technology platforms”. He said:
“I believe this will usher in a new era of routing for international trade transactions as businesses and governments begin to recognize the benefits of transparency, security, and speed of execution using blockchain.”
DeFi Index Futures Price Drops To July Values
On November 4, FTX's perpetual futures contract for the decentralized finance protocol token index dropped 57.6% from a September peak of $ 3498.6 to $ 1474.1. The last time such low levels were observed was in early July.
A similar picture has developed for Binance's perpetual futures on the DeFi Composite Index. Since August 28, when it was created, the tool has lost 61.6% of its value.
The DeFi Pulse Index, created on September 9, by TokenSets, has lost almost half of its original value to date.
During this period, among the components of the index, the largest losses of 60-70% were incurred by the Uniswap, Yearn, Balancer tokens, the smallest - by Maker (-3.31%) and Augur (-8.7%).
Speaking with CoinDesk, Delphi Digital analyst Alex Gedevani suggested that the DeFi token market is close to a surrender point, after which a gradual recovery phase will begin.
“The market needs a fresh impetus to restore flows into space,” he said.
Thats a very good one visa will now go all the way better when engage i to crypto