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File: 522 KB, 1800x923, Blog%20VS%20Chainlink.png [View same] [iqdb] [saucenao] [google]
17682554 No.17682554 [Reply] [Original]

Remember how bZx got hacked last month by exploiting their single price feed?
Chainlink is the answer.

https://bzx.network/blog/chainlink-oracles

>> No.17682565

based

>> No.17682585
File: 769 KB, 3218x1858, lmao bzx dex exploit hack solved by chainlink.jpg [View same] [iqdb] [saucenao] [google]
17682585

Of course Chainlink fudders were in raging denial lmao

>> No.17682591

>>17682554
how much are they paying for the privileged of using chainlink orakles?

>> No.17682742

>>17682591
Whatever it is, it's a small price to pay for security against these types of exploits.

>> No.17682772
File: 78 KB, 274x447, 1533487608617.jpg [View same] [iqdb] [saucenao] [google]
17682772

>>17682585

>> No.17682816

Pretty telling that they rush to Chainlink after a big oracle exploit.

>> No.17682818

>>17682585
So basically I made the right decision using my spare dollar in checking account buying LINK? Should I empty my basic bitch investment account of my only 10 grand and put it all in LINK?

>> No.17682890

>>17682818
I suggest you do some research and base your decision on that.

>> No.17682906

Good thing we can rely on chainlink always providing accurate data... oops

>> No.17682919

>>17682890
My research says yes. Granted that's only a couple of days. Fuggit

>> No.17682943

>>17682919
If I were in your shoes, the recent news about Oracle and Baseline (Microsoft, AMD, EY, ...) alone would probably make me feel pretty confident.
But do know that Link can go violently either way in the short term regardless.
That's how I invested two years ago, I considered the money to be completely lost the second I bought.

>> No.17682980

>>17682906
Z E R O failures and downtime at the oracle level.

>> No.17683019

>>17682585
There were two separate incidents.

>> No.17683065

>>17683019
and?

>> No.17683194

>>17683065
What he means is that there were two separate incidents before Chainlink integration if I’m not mistaken.

This integration is a really good trial by fire for Chainlink. If it succeeds, many more will likely have to bend the knee. If they manage to exploit again, well, it’s not looking good.

>> No.17683584

>>17683194
There will always be other exploits, but using a variety of price feeds via an even greater variety of oracles closes a huge backdoor.

>> No.17683655
File: 139 KB, 1173x661, https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4ce3a96f-1828-4ff5-87d8-dfc9ff0597ed_1173x661.png [View same] [iqdb] [saucenao] [google]
17683655

>>17683019
Here's the first incident btw.

The weak point here is circled in red; the only price feed here was Kyber, so manipulation was easy.

>> No.17683660

> lmao four hours later...
> BZX has been halted while we roll back the blockchain

>> No.17683703
File: 48 KB, 609x433, bzx second attack oracle manipulation tweet.png [View same] [iqdb] [saucenao] [google]
17683703

>>17683655
>>17683019
And the second attack was manipulation at the actual oracle level, see pic.

So Chainlink would have helped in both cases:

1) first case: because a side effect of Chainlink is the use of multiple sources

2) second case: because Chainlink are much more robust at the actual oracle level (first of all because they are decentralized)