One of the most painful downsides to the blockchain?
That is the unfortunate place developers of the Juno cryptocurrency find themselves.
(This in itselfwas a big crypto news story.)
This transcation had 125 validators, Di Michele explained, but not one checked.
“This is a wake up call for validators,” he said.
The downside to decentralization is no entity can instantly reverse human-errors like this.
Such “fat finger” errors aren’t uncommon.
Blockchain developers have in the past found ways to reverse transactions, but the solutions aren’t simple.
It was a contentious episode.
The problem may be easier for Juno’s developers to solve, owing to it being a Proof-of-Stake chain.
“Funds will be recovered with another upgrade that will adjust chain state.
PoS chans are not like Bitcoin, they are governance powered.
If governance says something, even state changes can happen.”
