Crypto Currency Skip to main content

Posts

Showing posts with the label ethereum analysis

Ethereum Is A Dark Forest? The Bots And The Fees :Dan Robinson

Ethereum Is A Dark Forest? The Bots And The Fees : Image by  Tumisu  from  Pixabay   According to  Dan Robison , " Ethereum Is A Dark Forest ", infact there are bots waiting to take your funds locked in DeFi. In the Ethereum network there are bots specialized in anticipating and copying pending transactions. These robots are a legacy of automated trading. This space is known as a mempool and hosts thousands of vulnerable smart contracts and transactions. Most of us don't know what they are, but DeFi programmers are able to detect them and take advantage of them thanks to automated bots. These (arbitrage) bots monitor smart contracts found on the Ethereum network to locate pending transactions, with the ultimate goal of stealing money locked in transactions. It appears Dan Robinson was browsing a Uniswap Discord channel when he found a message that caught his eye: it was a person who needed to retrieve Uniswap tokens worth around $ 12,000. These tokens were accidentally bl

Popular posts from this blog

Top Things You Should Know About Ethereum (ETH)