Hacking a #blockchain vs. Hacking a DApp: A Response to Mike Orcutt’s MIT Article
▻https://hackernoon.com/hacking-a-blockchain-vs-hacking-a-dapp-a-response-to-mike-orcutts-mit-ar
Hacking a Blockchain vs. Hacking a dApp: A Response to Mike Orcutt’s MIT ArticleBy: Jesse Abramowitz & Laura Marissa CullellLast week, MIT Technology Review released an article titled “Once hailed as unhackable, blockchains are now getting hacked” authored by Mike Orcutt which has been making the rounds around blockchain/crypto Twitter.We wanted to provide a response because we felt that it lacked context and a proper explanation to what a blockchain hack actually means and what it entails.1. “Blockchains are particularly attractive to thieves because fraudulent transactions can’t be reversed as they can be in the traditional financial system”.This is one actual inaccuracy in the article:Ethereum Classic itself was created because of a fraudulent transaction that was reversed which happened (...)