Blurt Status

in blurt •  4 years ago  (edited)

Taken from discord.blurt.world thecryptodrive

PSA: Since we are experiencing :rooster: attack vectors, we anticipate other exploits of vulnerabilities while the chain is new and participation is low. The risk areas we have so far identified are the blurt.dao which has 48K BLURT and growing by circa 433 BLURT per hour, a single proposal could clean this out, secondly witness voting participation was only at around 366K BP on the highest ranked witness account, which means any whale larger than that could spin up their own witnesses and could vote them in to take over the chain.

We have the @blurt.regent account which holds no SP but instead votes with 50% of network strength, we intended to use that to vote these two areas to secure them, however we found a bug needing fixing via HF, so Current Supply is 388491538.928 BLURT and the total staked vesting fund is: 134497734.931 BLURT, @blurt.regent was coded in error to have voting power equal to 50% of Current supply rather than vesting fund, so when trying to vote anything we get an error that the vote is greater than the total vesting.

In order to secure our chain, we decided to make use of the fortunate mistaken import of the Steemit stake into our chain initiation account @initblurt, we had planned to burn the Steemit stake but for now, until the regent is fixed, we have powered it up to secure our network, we have created a proposal and voted it https://proposals.blurt.tools/ in order to secure the DAO and we have voted 13/20 witnesses to ensure that consensus cannot be taken over. The rest of the witness slots we have left organic for the time being.

The Blurt blockchain has now been secured and we are working on ways to RC limit the spam we are currently experiencing.

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