Why are rollbacks problematic within the blockchain world?

Rollbacks can undermine the immutability of blockchain, which is fundamental to trust in the technology. It can cancel legitimate transactions and erode community trust.

What do the situations with Harmony and Ravencoin teach us?

These incidents show that even smaller networks are not immune to exploits and that the recovery process can have significant consequences for both attackers and regular users.

What advice would you give to investors in the current crypto market?

Investors should be vigilant and stay well-informed about the technologies and networks they invest in, especially in light of recent security incidents that can jeopardize the stability and integrity of projects.

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Harmony And Ravencoin: The Dilemmas And Consequences Of Blockchain Rollbacks

A rollback of the Harmony network would involve reverting the system to a state prior to the exploit, and continuing from there.

Wouter De ClerckAug 14, 20262 min lezen

Harmony En Ravencoin: De Dilemma's En Gevolgen Van Blockchain Terugrollen

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Geschreven door

Wouter De Clerck

Economieredacteur · Leuven (BE)

Wouter volgt macro-economie, rentebeleid en edelmetalen. Hij verbindt centralebankbeslissingen met wat er op de crypto- en goudmarkt gebeurt.

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Harmony And Ravencoin: The Dilemmas And Consequences Of Blockchain Rollbacks

Wouter De Clerck

Bitcoin for breakfast, Brussels for lunch