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Can the Ethereum blockchain roll back transactions? Understanding the limits and risks

cryptoweekly by cryptoweekly
February 28, 2025
in bitcoin, News
0

Ethereum rolling back transactions post-Bybit hack is technically infeasible. It has grown into a vast and complex network, and the repercussions of a rollback would be enormous.

In blockchain, a rollback refers to reversing its history to counter a disastrous event, such as big hacks threatening to disrupt the ecosystem, the discovery of critical protocol bugs or centralization risks of network integrity.

The Bybit hack, which resulted in a staggering $1.46 billion loss, has triggered a demand regarding a rollback of affected transactions on Ethereum. 

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Recent Posts
  • Bitcoin ETFs add $412M, extend 6-day inflow streak amid Israel-Iran conflict
  • Genius Group Bitcoin treasury grows 52% as 1,000 BTC goal reaffirmed
  • Cathie Wood’s ARK dumps first Circle shares batch for $52M
  • Analyst: Prepare for a 530% XRP price breakout to $14 if this happens
  • Pump.fun and its founder hit in X account suspension blitz
  • Alex Mashinsky won’t get a piece of Celsius’ bankruptcy pie, judge says
  • Arthur Hayes says to trade new stablecoin IPOs like a ‘hot potato’

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