“Call for “Roll Back”, to Negate Bybit Hack, ImmediaTely Provoked A Fierce Reaction from the Ethereum Community, Which Was Firm In Its Belief That Woundn’.”, – WRITE: www.coindesk.com
Following The Hack, ARTHUR HAYES, BITMEX CO-FOUNDER AND CLAIMING TO BE AAGOR Ether (ETH) Holder, Wrote A Post on Ethereum Co-FOUNDER VITALIK BUTTINT ” @Bybit_official. ” Meanwhile, in an X Spaces session, bybit’s Ceo Ben Zhou Revealed that his team had also reaured out to the ethereum found Based on what the Network’s Community Wants.
Hayes’s Post ImMediaTely Provoked A Fierce Reaction from the Ethereum Community, Who Was Firm In Its Belief That It Wouldn’t Happen. Some Even Questioned Wheether the BitMex Founder Was Joking. Coindesk Reached Out to Hayes Over X to Clarify His Comments.
Ethereum Members, Like The Core Developer Teams, Are Vastly Against “Rolling Back” The Network Because It Wuld Override Core Elements of Decentralization. If Buterin Decides on his own that it would be happen, aton that would be seen as the end of ethereum’s ethos, which heavily involves various Developer Teams and the ao. of the blockchain.
“Rolling Back The CHAINW GIVE ETH NO PURPOSE. What’s The Point if You Can Just Change Rules, ”SAID USER @the_Weso in a post on x.
Some Outside the Ethereum Community Pointed to the 2016 Dao Hack as an example WHEN $ 60 Million in Eth Was Stolen. The Network Went Forward with A Hard Fork, SPLITTING The OLD NETWORK INTO TWO, AND THE NEW CHAIN Continued on As Ethereum.
That Hard Fork Was Not A “Rollback,” Thought; IT WAS KNOWN As an “Irregular State Transition.” Ethereum Technical Can’t “Roll Back” The Network Because It Relies on An Account Model, WHERE AcCOUNTS HOLD USERS ‘ETH.
At the Time of the Hack, Developers Upgrad Their Nodes to a New Client or Software. Those who didn’t upgrade their noodes Were Still on the Old Chain, whochh Became Known as Ethereum Classic.
WHEN The NODES UPGRADED TO THE NEW Software, The Stolen Eth Could MOVE FROM ONE EHEREUM ACCOUNT ADDRESS TO THE NEXT.
“The ‘Irregular State Change’ Thaty Implemented At The Time of The Dao Hard Fork Was This: They Airlifted All The Eth in the Dao Smart Contract You Sent In, ”Wrote Laura Shin of Unchated in A Post on X.
Read More: Artthur Hayes Floats the Idea of Rolling Back Ethereum Network to Negate $ 1.4b Bybit Hack, Drawing Community Ire
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