Chain News Today TheBitTimes.com

The Cosmos Hub ecosystem community has begun voting on a proposal to set the minimum inflation rate for the ATOM token at 0%. Voting has begun in the Cosmos Hub community to set the minimum inflation rate for the ATOM token at 0%. Almost 95% of community members are currently voting for the proposal, which began on Jan. 9 and will end on Jan. 23. Only 4.4% were against inflation of the project’s native token, and 0.1% of community members used the right of veto. Source: Mintscan Containing inflation can help preserve the value of the ATOM cryptocurrency. The token was under constant pressure from sellers, which led to price depreciation. Another negative factor the community hopes to eliminate is overpayments for security compared to other blockchains, which harmed the rewards in ATOM. At the same time, in November 2023, the Cosmos network voted for the maximum inflation level for the ATOM cryptocurrency. After this, ATOM inflation cannot exceed 10% per annum. This ...

The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge. Web3 investor and developer Jump Crypto has identified a vulner ability in Celer’s State Guardian Network (SGN) that would allow malicious validators to compromise the network and applications dependent on it, including Celer’s cBridge. According to Jump Crypto’s postmortem report, validators were allowed to vote more than once on the same update due to a bug in the SGN EndBlocker code. By allowing validators to vote multiple times, malicious actors could multiply their voting power to approve harmful updates. The report explained: “The [EndBlocker] code is missing a check that prevents a validator from voting on the same update twice. A malicious validator could exploit this by voting multiple times on the same update, effectively multiplying their voting power and potentially tipping the vote in favor of an invalid or malicious update." Celer...