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via CoinDesk · By CoinDesk Staff
XRP Ledger's design blocks the flash loan attacks costing DeFi hundreds of millions
XRP
XRP/USDT
$1.0003
-0.23%
$1.0003
-0.23%
(24s)24h Volume
$239,059,590.13
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
+0.0003%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(02:30 AM UTC)
1 min read
A draft XRPL amendment notes that flash loan attacks are "structurally impossible" on the network because of how its transactions are built, an architectural quirk that has spared the chain from the exploit class that has cost Ethereum DeFi billions.
The two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger.
Thorchain lost…
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