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How EOS can solve problems in Executable Contracts by roshania

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eos · @roshania ·
$109.35
How EOS can solve problems in Executable Contracts
![image.gif](https://steemitimages.com/DQmSnpLDbxRXUasEKswcXPGrFeQy9FWV7bFQEhSfnYtNoNT/image.gif)

QuadrigaCX apparently lost 67,000 ETH which in current value is approximately $15,000,000

The issue is ETH script does not have an integrated bug fix in it which makes executed contracts irreversible without compromising the entire blockchain itself and subsequently creating a hard fork.

EOS on the other hand can overcome this because the block holders can vote to update code, without having to resort to a hard fork. This is what I call Representative Democracy.

![image.gif](https://steemitimages.com/DQmdEpUFSHZVL1NE9YACuPKfxHxPqryAk7yh21nMrXRz72u/image.gif)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 38 others
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vote details (102)
@ackza · 
wait someone lost fifteen million dollars worth of ethereum due to an ethereum bug so its just gone? it wasnt lost TO anyone its just lost now due to a bug? 

yeah these things are rare butthey make crypto look bad, really not fair to crypto, its like the prodigal son
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@roshania · 
The exchange is assuming the risk as they are honoring their client accounts. That's what I learnt. 

I also think that because crypto world is rather small now and everything is sent by a string of numbers, it will evolve to a more shorter but encrypted type of address.
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@blocklab · 
great info. thx
**Upvoted & followed**
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@roshania ·
$0.31
Thanks. Following you now.
👍  
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vote details (1)
@parkermorris ·
$0.58
@roshania Cryptocurrencies will save the world, mark my words
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vote details (6)
@michaelx ·
$0.37
Blockchain will save the world.
👍  , , , ,
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vote details (5)
@roshania · 
By making us all more happier I hope
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@navgon · 
But before that happens, there will be some fussing and fighting...
👍  ,
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vote details (2)
@roshania · 
Agree with this
👍  ,
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vote details (2)
@roshania · 
Don't know about saving the world but it'll make us wealthier. Of this I have no doubt.
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@rgeddes · 
I like Quadriga - but I wont hold anything there long term after this nonsense :|
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@roshania · 
For a rule I don't leave funds in an exchange. Glad to pay minor fees for exchange to wallet transactions but leaving them in an exchange? No
👍  
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vote details (1)
@karthikvr · 
Hey, is there a possibility that wallets can lose as well?
👍  
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vote details (1)
@rgeddes · 
They offer the easiest BTC to CAD solution out there - so thats pretty much what they are good for at this point..
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@rt395 · 
ETH is the Windows of Crypto. BTS is the Apple of crypto. Not sure what that makes EOS though....
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@dan · 
OS X.
👍  
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vote details (1)
@roshania · 
👍🏻
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@rt395 · 
Well played.
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@roshania · 
EOS : The new internet
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@vmsolutionsltd · 
Their votes are worth 15 mill literally.
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@roshania · 
I hear you
👍  
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