🚀 Flow Network Implements Isolation Recovery Plan Following Attack
#FlowNetwork #IsolationRecoveryPlan #NetworkAttack #CadenceEnvironment #EVMRepairs #CrossChainBridges #BlockchainRecovery #TokenRestrictions #ChainCatcher #BlockchainSecurity #FLOW
According to ChainCatcher, Flow's official account on the X platform has provided an update regarding the recent attack on its network. The network has decided against rolling back or restructuring, opting instead for an 'Isolation Recovery Plan.' Key points of the new strategy include:
1. No rollback or reorganization, preserving all legitimate user activities.
2. No need for partners to replay transactions.
3. Over 99.9% of accounts remain unaffected and will resume normal operations upon restart.
4. Temporary restrictions will be placed on accounts receiving illegally minted tokens during the restart.
The network recovery will occur in phases:
Phase one involves the launch of the Cadence environment, with temporary limitations on the EVM.
Phase two will see Cadence repairs, expected to take approximately 24-48 hours.
Phase three includes EVM repairs and a restart.
Phase four will restore cross-chain bridges and exchanges, with the exact timing determined by operators after confirming stability.#FlowNetwork #IsolationRecoveryPlan #NetworkAttack #CadenceEnvironment #EVMRepairs #CrossChainBridges #BlockchainRecovery #TokenRestrictions #ChainCatcher #BlockchainSecurity #FLOW
🚀 Bitcoin Network Resilience: Study Highlights Cable Failure Impact
#Bitcoin #NetworkResilience #CambridgeUniversity #SubmarineCables #NodeDisconnection #CyberSecurity #Blockchain #Infrastructure #ResearchStudy #NetworkAttack #BTC
A recent study conducted by Cambridge University has revealed that Bitcoin's network would require a failure of 72%–92% of inter-country submarine cables to experience significant node disconnection. According to NS3.AI, the research indicated that over 87% of 68 verified cable faults resulted in less than 5% impact on nodes, and random failures showed almost no correlation with Bitcoin's price fluctuations. The study further noted that targeted attacks on crucial cables or the top five hosting providers could lead to similar disruptions with considerably less infrastructure being compromised.#Bitcoin #NetworkResilience #CambridgeUniversity #SubmarineCables #NodeDisconnection #CyberSecurity #Blockchain #Infrastructure #ResearchStudy #NetworkAttack #BTC