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The address which crashed dogecoin today is worth U$ 3 million

Discussion in 'BlackHat Lounge' started by bartosimpsonio, Feb 17, 2014.

  1. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    As you probably know, today the DOGE network forked and a major clusterfuck followed.

    Here's some dogetective work. According to the main post at Reddit, this is the block that forked: http://bkchain.org/doge/block/ca209e69321ac3c6a21f76c394760c7805b51856cc5ecfe6040699059c3806b0

    What caused the fork? Well it turns out the database used in version 1.4 of doge clients did not handle single transactions > 1 MB in size. What happened?

    A major transaction came in, and the block ended up larger than 1 MB. All the big pools which were using clients v. 1.4 refused the transaction inadvertently. Which caused a major part of the network to not confirm it....thus, there was then a half of the doge net which acknowledged that transaction, the other half did not. The network had forked into two separate nets which continued on "normally"....one had that transaction in the chain(all who had version 1.5), the other didn't(version 1.4).

    If you inspect the forked block you will find that this address has received an immense amount of coins: D5ReuTL4BrwNvSLYVnWA1DczBNk9LdaqCu

    So let's have a closer look at this guy: http://dogechain.info/address/D5ReuTL4BrwNvSLYVnWA1DczBNk9LdaqCu

    How about checking his market cap? http://bitinfocharts.com/pl/dogecoin/address/D5ReuTL4BrwNvSLYVnWA1DczBNk9LdaqCu

    Yup. The world's 3rd richest SHIBE seems to be the accidental culprit in today's fork. His net worth right now? U$ 3 million bucks in DOGE.
     
    Last edited: Feb 18, 2014
  2. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I don't think they were necessarily hacked. They were probably mined.
     
  3. Tosmekop

    Tosmekop Supreme Member

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    Lots of attention on Doge, right now.
     
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  4. acotut

    acotut Elite Member

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    Negative publicity...is still publicity,right?

    :)
     
  5. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    We could argue that the speed with which they fixed it is a pretty good of a supportive community. What happened today has happened to other popular crypto coins as well. Network forking is a fact of crypto currencies.