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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

$1.154

+0.86%

$1.154

+0.86%

(24s)

24h Volume

$820,999,492.27

24h H/L

$1.1593 / $1.1225

Change: $0.0368 (3.28%)

Long/Short

74.6%

Long: 74.6%Short: 25.4%

Funding Rate

+0.0037%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

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▲ 2.02%

Volume (24h): -

Resistance Levels

Resistance 3$1.2917

Resistance 2$1.2071

Resistance 1$1.1691

Price$1.1476

Support 1$1.1139

Support 2$1.0788

Support 3$0.8986

Pivot (PP):$1.1416

Trend:Downtrend

RSI (14):42.5

CoinDesk Staff

(02:30 AM UTC)

1 min read

Verified byMichael Roberts

972 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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