follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Stellar Patched an Inflation Bug and Burned the Resulting 2.25 Billion XLM  (Read 5708 times)

Offline ZionRTZ

  • Legendary
  • *
  • *
  • Activity: 1628
  • points:
    2965
  • Karma: 112
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: November 22, 2020, 08:45:01 AM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary

Cryptocurrency intelligence company Messari has claimed that Stellar (XLM) suffered an inflation bug in April 2017 that was exploited to create 2.25 billion XLM (worth about $10 million at the time), which were later burned. The news was revealed in a Messari report published on March 27.

Per the report, the illicitly created XLM — which was equivalent to nearly a quarter of the circulating supply — was moved to exchanges and likely sold during the first half of 2017. An equivalent quantity of XLM was purportedly burned to preserve the intended supply and avoid the dilution of the value of the tokens.

The research also notes that the involved addresses and related records are no longer accessible on Stellar Expert or other block explorers but can be found using the Horizon Application Programming Interface. Also, the company claims that seemingly no media reported on the bug, its exploitation and the consequent burn before Messari.

Stellar, currently the eighth largest cryptocurrency by market cap with a total market value of over two billion, noted that the company has not concealed the issue. More precisely, a Stellar representative is cited in the report stating that the aforementioned bug and its exploitation were mentioned twice in the protocol’s release notes. The statement also acknowledges the importance of proper disclosure:

Quote
“We recognize that Stellar has since become significant financial software, and our disclosure standards have grown to reflect that reality. There’s been no notable bug since, and if there were we would disclose it in full detail as soon as it was patched.”

Lastly, the company noted that in its roadmap for 2019 released last month, Stellar committed to a full accounting of all Stellar Development Foundation XLM by the end of the current year, which includes more details around this bug.

As Cointelegraph recently reported, payments giant Western Union (WU) is partnering with Thunes — which previously collaborated with Stellar — to enable WU clients to transfer funds directly to mobile wallets globally.

In September last year, an inflation bug was discovered and patched in Bitcoin (BTC) as well.


SOURCE: https://cointelegraph.com/news/stellar-patched-an-inflation-bug-and-burned-the-resulting-225-billion-xlm-research

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


Offline IyemRoker

  • Legendary
  • *
  • *
  • *
  • Activity: 1982
  • points:
    21824
  • Karma: -1
  • Your Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 09:37:20 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Linux User
And Stellar yesterday also gave Airdrop to all participants who have KYC for Blockchain.com.
And what was spent was about $ 125,000,000, a very large value and I, about 227 Stellar.
             ▄▄█████████▄▄
    ▄█████▄█████████████████▄
  ▄███████████████████████████▄
 ████████████████▄▀▀███████████
▄███████████████████ ▀█████████
█████████████▀▀      ▐█████
████████████        ▄██████
▀███████████▌     ██████████▀
 █████
███████      ▀▀▀█████▀  █
  ███████████▄         ▀▀▀ ▄▄█
   ▀████████████▄▄▄   ▄▄▄███▀
     ▀▀██████████████████▀▀
         ▀▀▀████████▀▀▀
.
UniJoin.io Bitcoin Mixer
.|
▄▄██████▄▄
▄██████▀██████▄
▄███▀▀▀░░░▀▀▀███▄
▄███░░░▄███▄░░░███▄
████░░████▀▄█░░████
████░░█▄▀▄███░░████
▀████░░▀███▀░░████▀
▀████▄░░░░░▄████▀
▀█████▄▄▄█████▀
▀▀█████▀▀
NO LOGS
▄▄██████▄▄
▄█████▀▀▀█████▄
▄████▌░▄▄▄░▐████▄
▄█████░▀░░░█░█████▄
██████▌░░█▀░▐██████
███████▄░▄░▄███████
▀████▀░░░░░░░▀████▀
▀██▌░░░░░░░░░▐██▀
▀██▄▄█▄▄▄█▄▄██▀
▀▀█████▀▀
NO SIGN-UP
|████████████████████████
█████████████▀▄▀████████
████████████▀▄█████████
██████████▀▌▄██████████
██████████▌███████████
█████████▀▄███▀█████████
██████▀▄▄██████▀███████
█████▀▄█▀▄████████████
██████▀▄█▌▐████▐█████
█████▌▐█▀▌▐█████▐█████
██████████████▄██████
███████▄▄██████▄████████
████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████████████
.
MIX ՈOW.
████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████

Offline masudginanjar

  • Legendary
  • *
  • *
  • Activity: 1855
  • points:
    19691
  • Karma: 1
  • Anonymous Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 06:52:33 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
One way to increase the price of a coin is Burning.
Whether it's an ineffective or more effective way, but I'm sure if the coin in Burning then the supply will be a little and the price will rise.
THORMIXER██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████
.
  Anonymous Bitcoin Mixer 
.
████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄███████▄▄
▄██████████▀▀███▄
▄████████████▄▄██▀██▄
▄█████████████▀██▄████▄
▄██████████████▄▀██████▄
██████████████▀█▄████████
█████████████████████████
██████████████▄█▀████████
▀██████████████▀▄██████▀
▀█████████████▄██▀████▀
▀████████████▀▀██▄██▀
▀██████████▄▄███▀
▀▀███████▀▀

.
ONION
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████
.
START MIX.
█████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██

██████

Offline kent47400

  • Legendary
  • *
  • *
  • *
  • Activity: 1995
  • points:
    22638
  • Karma: -1
  • Anonymous Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 05:49:33 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
Re: Stellar Patched an Inflation Bug and Burned the Resulting 2.25 Billion XLM
« Reply #3 on: December 09, 2020, 11:47:27 AM »
If it's like this then I make sure Sellar has a clear goal of raising its price.
By burning it, the supply of Stellar coins will be minimal and it is certain that Stellar will increase in price.
But make no mistake, because sometimes after burning coins, there are also likes to decline in price like Binance in September.
THORMIXER██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████
.
  Anonymous Bitcoin Mixer 
.
████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄███████▄▄
▄██████████▀▀███▄
▄████████████▄▄██▀██▄
▄█████████████▀██▄████▄
▄██████████████▄▀██████▄
██████████████▀█▄████████
█████████████████████████
██████████████▄█▀████████
▀██████████████▀▄██████▀
▀█████████████▄██▀████▀
▀████████████▀▀██▄██▀
▀██████████▄▄███▀
▀▀███████▀▀

.
ONION
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████
.
START MIX.
█████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██

██████

Offline damsix

  • Legendary
  • *
  • *
  • Activity: 2450
  • points:
    37243
  • Karma: 3
  • Winz.io
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 08:16:04 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
All these stories about Stellar will be remembered forever and this Stellar will definitely get what they want from Stellar.
This news is proof that Stellar has great strength in their finances and this is something valuable from Stellar, hopefully one day Stellar will no longer have the so-called Inflation Bug because this inflation is very sad.

                ▄█▀
▐█▄    ▄██▄    ▄█▀ ██                          ██
███   ▄████   ▄█▀ ▄▄  ▄▄▄ ▄▄▄   ▄▄▄▄▄▄▄       ▄▄▄   ▄▄▄
███  ▄█▀███  ▄█▀ ██▌ ▄██▀▄▀██▌ █▀  ▄█▀       ▄██▌ ▄██▀ ▀▄
███ ▄█▀▐███ ██▀ ██▌ ▐███▀ ▄█▀    ▄█▀        ▄██▌ ▄██   ▄▀
▐██▄█▀  █████▀ ▐██  ███  ▐██   ▄█▀          ██▀  ██▌  ▄▀
 ▀██▀   ▀██▀    ▀█  ▀█   ▀█  ▄██▄▄▄▄▄▀▀  ██ ▀█    ▀███▀

Casino & Sports Betting
.
B O O S T E D
R E W A R D S

.
FOR CRYPTO PLAYERS
         ▐█▌                        ▄▄
▐██      ██ ▄▄  ▄   █▌ █████      ▄███▄
▐██     ▐█▌ ██  ██ ▐█   ▄██     ▄██████▄
██▌     ██ ▐█▌ ███▄█▌  ▄█▀     ▀▀▀██████▄
██▌ ██ ▐█▌ ██  ██▀██▌ ▄██▄▄      ▐███▌
██▌▄██▄██ ▐█▌ ██▌ ▀▀  █▀▀▀       ████
▐███████  ██  ▀▀            ▄   ▐███▌
▐███▀██         ▄▄▄▄████   ▐███▄████
 █▀
    ▄▄▄ ███ █████████   ████████▌
      ████ ███ ████▄███▌  ▐██ ▀▀███
     ▐███▌▐██▌▐████████   █▀      ▀
     ████████▌▐███▀▀▀▀   ▐▀
     ▀▀▀████▀ ████
▄██      ██▌▄██  ██▌▀██████▀██████ ██
███     ▐██ ██▌ ▐██ ▐██    ▐██    ▐█▌
███     ██▌▐██ ▄██▌ █████  █████  ██
███ ▄█ ▐██ ███████ ▐██    ▐██    ▐█▌
███▄█████ ▐██  ██▌ ██▄▄██ ██▄▄██ █████
▐███████  ██▌ ▐██ ▐██▀▀▀ ▐██▀▀▀  ▀▀
▐██▀ ▀▀  ▀▀▀
   ▄▄     ██   ▄   ▄ ████
      ▄▄▄ ▄▄▄  ██    ▐█▌▐█ ██ ██  ▄█▀
     █  █ █▄  ▐██    ██ █▌▐████▌ ▄█▀
     █  █ █   ▐██ ▄▄▐█▌▐█▌▐█ ██ ████▀
     ▀▀▀  ▀    ██▄████ ██ ▀▀
               ██████
               ██▀ ▀
.
BTC
ETH
LTC
.
DOGE
USDT
USDC
.
XRP
TRX
BNB
██████
██
██
██
██
██
██
██

██

██

██

██

██████
██████████████████████████████████████████████████████████
.
PLAY NOW.
██████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██

██

██

██

██

██████

Offline Leocaspis

  • Full Member
  • *
  • Activity: 248
  • points:
    7885
  • Karma: 6
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: May 22, 2022, 03:00:30 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    Third year Anniversary Second year Anniversary 10 Posts
The set of burning tokens is stellar, due to many issues and the solution is determined by the software developers and all the tasks set are due to the cus in the cryptocurrency market.
..In some case, the ratio of assets and a decrease in the number of turnover is stellar, gives a place for mining for new tokens and the issue of strengthening the pricing policy ....

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod