RE: wLEO Was Hacked on Ethereum | Thank You Everyone for the Amazing Support
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Looks like smart contracts (e.g. wLEO) are still at infancy. Here is a story from medium:
"Writing contracts in Solidity is hard. In fact, it’s super hard and very dangerous. This simple tale of a $1,000,000 contract being live for days without anyone finding a tiny bug (until the hacker did!) is a serious lesson to us Solidity writers everywhere."
Source: Hacking an Ethereum contract
But kudos to LeoFinance team and community to take the bold step for wrapping LEO on ETH. The worst case scenario is that the stolen 329 ETH or around $120K may never be recovered. However, total value of LeoFinance could be in millions with upcoming upgrades.
Hopefully, LeoFinance will come up with a good compensation plan for the members who were affected in UniSwap and take a heart in lesson from this hacking.
Hecker's final gateway ETH address is: https://etherscan.io/address/0xa305fab8bda7e1638235b054889b3217441dd645#comments
It is strange that this address is used for years for phishing and Binance has not tagged it while other exchanges has responded previously. Source: DragonEx Hacked — Users Crypto Transferred and Stolen
Posted Using LeoFinance Beta
I've written Solidity code before some number of years ago and didn't find it all that hard. The key is to keep things short and simple, and to do thorough testing on a testnet before deploying for real. Always do a fuzzing test on your code to make sure there's no unexpected behaviour when fed unexpected or invalid input.
Smart contracts are the one feature I wish Hive had on-chain, when used right they're an extremely powerful tool for trustless decentralisation. Sure their biggest use has been tokens, but they're general purpose and can be used for far more than that.
Rising transaction fees on Ethereum ended up driving me away from developing on it, it became unfeasible for any of my ideas to be implemented in a user friendly manner.
Right now I consider Monero to be the best cryptocurrency, it's got the best overall technical approach to things. I even wrote a post about Monero. I'd say Hive is second place to Monero, and only because it doesn't feature any privacy features for transactions like Monero does.
Something that could combine the features of Monero, Hive, and Ethereum would be the ultimate blockchain platform.
Have you looked at theta?
It is written in solidity, too.
I don't code, so any feedback will help.
I'm still surprised that hive people trust binance after what they did in steem ! I will never trust binance in my life !