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I don’t get it, could someone who understands explain how this worked out? Like, wasn’t it on some kind of blockchain? like did they send their stake to the “et
by awill88 4y ago
I don’t get it, could someone who understands explain how this worked out? Like, wasn’t it on some kind of blockchain? like did they send their stake to the “ether”? (buh dum tiss)
This isn’t making obvious sense to me based on how very little I have paid attention to what these defi platforms actually do.. aren’t the coins and exchanges just nodes and a P2P distributed database with consensus driven transaction records, asymmetric encryption, metadata and some rules?
- spiralx 4y agoThe smart contract that ran everything and owned the accounts with the money in was ended by the dev, via a simple command in their CLI I believe. Presumably he had meant to pause it or some other interaction, but there were no protections against the command being executed and so it went through.