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Showing posts with the label freebitcoin

Chengdu Lian'an: Considering DeFi from the balancer event

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Since 2019, DeFi has gradually turn into a hot spot for blockchain, and a lot of funds have begun to flood into various DeFi projects. Since the Synthetix project emerged, DeFi projects have sprung up in people's sights. Nevertheless , with the continuous development of DeFi, the security dilemmas of DeFi projects have grown to be increasingly more urgent. In the recent event that Balancer was attacked, the attacker used the loophole developed by the combination of Balancer's fund pool and deflationary currency to steal $500, 000 in the fund pool. Less than twenty four hours later, the balancer was attacked again. The attacker used Compound's "borrowing is mining" feature to steal unclaimed Comp coins from the fund pool. For the initial attack, we have already analyzed it before, and interested friends can move (). About the 2nd attack, mcdougal thinks that the attacker's behavior is somewhere between squeezing wool and an illegal attack, and can not say that ...

Zhongjin Leping: DeFi is a trend in the cryptocurrency industry. Libra has 4 opportunities

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Huang Leping, chief analyst of CICC's hardware industry, believes that decentralized finance (DeFi) represents a technological trend in the cryptocurrency industry and explained the newest opportunities of blockchain + finance. Original title: "Chief Interview: What new opportunities will blockchain + finance open? 》 Author: CICC Research From Libra sparking worldwide heated debate, to my country's central bank upgrading its efforts to test out digital currencies, to the high-level focus on the importance of blockchain. What does blockchain mean for the financial sector? CICC Research launched an in-depth report "Blockchain and Digital Currency: How Technology Reshapes Financial Infrastructure" to conduct systematic research upon this. We have been here to communicate with Huang Leping, chief analyst of the hardware industry of CICC, to interpret the core content of the report. Huang Leping, Managing Director of CICC Research Department, Research Field: Technolog...