Tron network went through an unsuccessful network attack during its mainnet upgrade. The CEO and founder of Tron, Justin Sun, revealed to the crypto community that the network has successfully dealt with the attack and is now back to its usual operation. “Blockchain Data Intact and Assets Absolutely Safe” On November 2, an unknown actor attacked the TRON network platform during its software upgrade. Justin Sun took to his Twitter to explain what happened behind the network attack. He said that the TRON network was undergoing a routine upgrade on version 4.1 of the mainnet but “was attacked by a malicious contract on 20.11.02 at 06:14 (HKT).” (1/5) Regarding the situation of the #TRON network on November 2nd: During the 4.1 version upgrade period, the #TRON Mainnet was attacked by a malicious contract on 2020.11.02 at 06:14 (HKT). — Justin Sun🌞 (@justinsuntron) November 2, 2020 The CEO explained in his tweets that the unknown attacker had bypassed the authority access that is granted to the contract developer. The attacker then ignited malicious transactions while causing the super representative (SR) to suspend block production. Tron network responded to the attack by resuming block production for about two hours later while returning to its normal system followed by another hour. Currently, the team behind Tron is working with the network’s super representative (SR) for a seamless network upgrade. Super representatives function as block generation and bookkeeping and play an essential role in successfully running the Tron network. Sun reassures that all the data on the blockchain are intact and the assets are “absolutely safe.” Tron Network Resilient Among the Industry: Sun Sun believes that the Tron network is one of the most resilient in the crypto industry by citing its recent example of how the network could skillfully prevent such a large scale attack. (5/5) Withstand this large-scale attack, once again proving that the #TRON network is the decentralized network with the most resilience and attack defense capabilities in the industry! — Justin Sun🌞 (@justinsuntron) November 2, 2020 Meanwhile, TRX is heading into a period of high volatility according to technical indicators. An increase in selling pressures behind TRON that’s pushing TRX to drop below the $0.0249 support level could result in the altcoin to drop further to $0.021. However, if its buying order rises, TRX could turn the $0.0276 resistance into support and go upwards by $0.031.
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