Category: EOS (EOS)

How EOS can solve problems in Executable Contracts

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QuadrigaCX apparently lost 67,000 ETH which in current value is approximately $15,000,000

The issue is ETH script does not have an integrated bug fix in it which makes executed contracts irreversible without compromising the entire blockchain itself and subsequently creating a hard fork.

EOS on the other hand can overcome this because the block holders can vote to update code, without having to resort to a hard fork. This is what I call Representative Democracy.

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