Cryptocurrencies 22,204
Market Cap $2.76T
BTC Dominance 59.29 %

Cryptocurrencies : 22,204

Total Market Cap : $2.76T

BTC Dominance : 59.29 %

LIVE
Mkt Cap $2.76T BTC Dom 59.29 % BTC BTC $81,759.00 ▼ -2.22% ETH ETH $2,446.40 ▼ -3.42% USDT USDT $0.99916 ▼ 0.00% BNB BNB $732.69 ▼ -2.76% XRP XRP $1.34 ▼ -4.89% USDC USDC $0.999717 ▲ +0.00% SOL SOL $105.58 ▼ -4.97% TRX TRX $0.328924 ▼ -0.33% FIGR_HELOC FIGR_HELOC $1.06 ▲ +0.00% ZEC ZEC $1,166.61 ▼ -8.64% HYPE HYPE $81.24 ▼ -6.21% DOGE DOGE $0.082232 ▼ -5.08% USDS USDS $0.999862 ▼ -0.01% XMR XMR $527.62 ▼ -1.64% LINK LINK $12.64 ▼ -5.07% WBT WBT $80.18 ▼ -2.53% ADA ADA $0.233259 ▼ -7.35% LEO LEO $8.90 ▼ -0.21% RAIN RAIN $0.009827 ▼ -5.08% XLM XLM $0.190619 ▼ -6.06% NEAR NEAR $5.02 ▼ -14.39% BCH BCH $265.60 ▼ -7.06% USDE USDE $0.999311 ▲ +0.00% CC CC $0.119043 ▼ -5.33% LTC LTC $60.98 ▼ -5.62% Mkt Cap $2.76T BTC Dom 59.29 % BTC BTC $81,759.00 ▼ -2.22% ETH ETH $2,446.40 ▼ -3.42% USDT USDT $0.99916 ▼ 0.00% BNB BNB $732.69 ▼ -2.76% XRP XRP $1.34 ▼ -4.89% USDC USDC $0.999717 ▲ +0.00% SOL SOL $105.58 ▼ -4.97% TRX TRX $0.328924 ▼ -0.33% FIGR_HELOC FIGR_HELOC $1.06 ▲ +0.00% ZEC ZEC $1,166.61 ▼ -8.64% HYPE HYPE $81.24 ▼ -6.21% DOGE DOGE $0.082232 ▼ -5.08% USDS USDS $0.999862 ▼ -0.01% XMR XMR $527.62 ▼ -1.64% LINK LINK $12.64 ▼ -5.07% WBT WBT $80.18 ▼ -2.53% ADA ADA $0.233259 ▼ -7.35% LEO LEO $8.90 ▼ -0.21% RAIN RAIN $0.009827 ▼ -5.08% XLM XLM $0.190619 ▼ -6.06% NEAR NEAR $5.02 ▼ -14.39% BCH BCH $265.60 ▼ -7.06% USDE USDE $0.999311 ▲ +0.00% CC CC $0.119043 ▼ -5.33% LTC LTC $60.98 ▼ -5.62%
CoinsCapture - Cryptocurrency Trading Prices Today, Live Chart , Market Trades & Cap

Zano Reverts Blockchain to Address Severe Inflation Bug, Erasing One Month of Transactions

Zano has taken the unprecedented step of rolling back its blockchain to block height 3,833,000 to rectify a critical inflation bug. This decision has resulted in the erasure of a full month of transaction history, affecting countless users.

The inflation bug allowed unauthorized issuance of Zano tokens and the fUSD stablecoin, raising significant concerns about the integrity of the network. While the Zano team confirmed that wallet security and transaction privacy were not compromised, the rollback was deemed necessary to restore network integrity.

Initially, the team proposed a one-day rollback, but the situation escalated, leading to the decision to revert an entire month of transactions. This move has socialized losses among users, as all legitimate transactions during that period have been voided.

The Freedom Dollar project, which was significantly impacted by counterfeit fUSD, has announced that it will absorb millions in losses. The project has paused all token activity and is working on a plan to resume services once the Zano blockchain stabilizes.

Users have expressed mixed reactions to the rollback, with many highlighting the complexities involved and the implications of socializing losses across the network. The Zano team is currently collaborating with affected parties to address the fallout from this significant incident.

Explore related on CoinsCapture

Topics

Discussion

0 comments
No comments yet. Start the conversation.
Join our Telegram Community