#blockchain

Quantstamp, a blockchain security firm, has introduced the Economic Exploit Analysis tool designed to detect potential flash loan attack vulnerabilities in smart contracts. While it can analyze multiple contracts from various DeFi protocols, some manual adjustments are needed for specific protocols. Flash loan attacks, which have drained about $200 million in the Euler Finance exploit alone, are a growing concern in DeFi.

After the announcement that MakerDAO intends to roll out a new version of its platform on Solana, Anatoly Yakovenko suggested this shouldn't be viewed as a challenge to Ethereum. In his perspective, MakerDAO's move accentuates the merits of open-source solutions rather than the superiority of one blockchain over another, especially given Ethereum's pivotal role in research for numerous developers. "Ethereum is awesome. Solana wasn’t built in a vacuum, and tons and tons of things that make Solana special were built based on Ethereum’s r&d," commented the Solana co-founder. Meanwhile, Ethereum co-founder Vitalik Buterin has sold all his MKR tokens for 353 ETH.

Shibarium, the Layer 2 blockchain by Shiba Inu's creators, is back in action. After a temporary shutdown due to scalability issues, the team has reopened withdrawals on its bridge to Ethereum. The pause initially locked millions in user funds and caused community unrest. Now, the mainnet and bridge are fully functional, allowing withdrawals of various assets like SHIB, LEASH, and WETH within 45 minutes to 3 hours. BONE token withdrawals are also back but may take up to 7 days.

Srettha Thavisin became the Prime Minister of Thailand and continued to discuss the idea of an airdrop for all citizens of the country over the age of sixteen. Under the preliminary terms, each individual will receive 10,000 Thai baht (approximately $300) in a national token and will be able to spend it within a four-kilometer radius of their residence. The initiative has not yet received approval among politicians, as its cost is estimated at $14.3 billion, and financiers have questioned the feasibility of using blockchain for such campaigns. Apparently, the promises about airdrop was not unnecessary for victory!