This week we will focus on evolving security risks to several crypto assets such as EOS undergoing a major governance shift, a potential availability issue discovered in Stellar, and an increased risk for reduced hash power for PoW assets due to China’s crackdown.
News:
Block Producers change EOS constitution following voting gridlock— a major change to the governance of the EOS network with several security implications. The primary motion was to remove ECAF, an unelected arbitration body known to issue resolutions to freeze and transfer ownership of hacked accounts as well as revert malicious transactions. These capabilities are still available and may be used by the 21 elected block producers (BPs). However, according to the new constitution, BPs are no longer obligated to help with future cases of account compromise or hacks.
China Plans to Ban Cryptocurrency Mining in Renewed Clampdown — a possible decrease in hash power may present a threat to the resistance of Proof of Work crypto…
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