News for hackers. Stuff that matters.
Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by FalconSensei on Thursday June 11, 2020 @01:48PM (#23491409)
> Ethereum users can dictate the terms of their transactions, setting both the amount of ETH they want to send and the amount of fees they are willing to pay. The higher the fee, the thinking goes, the more likely their transaction will be included on the next block — i.e. it will go through more quickly. It's possible, therefore, that someone attempted to send $2.6 million worth of ETH with $134 in fees and simply reversed the two fields.

Having to set up the fee for the transaction to hope the transaction would happen faster? Yeah, I don't see crypto replacing banks.

edit: forgot the quote

There are no comments on this comment yet.