New EOS Bug Steals Resources Directly From Users
A new EOS bug has been discovered that allows users to use malicious code to steal RAM, which is a scarce resource in EOS blockchain. EOS,the fifth-largest cryptocurrency in terms of capitalization, has made headlines in connection with a new issue. A new EOS bug has been discovered that allows stealing resources directly from a user.
The resource in question is RAM, which is valuable in the EOS blockchain due to its scarcity. EOS is working on solving the issue and has provided a temporary fix in the meantime. The EOS blockchain aims to be a decentralized operating system and to allow the running of decentralized applications and smart contracts.
Each decentralized application needs RAM to store data and the bigger the application, the more RAM it needs. However, until recently, RAM in the EOS blockchain has been limited to 64gb. Last month, EOS Authority approved a solution that would increase the amount of RAM gradually.
In the meantime, RAM has become a valuable resource in the EOS ecosystem and users have been actively trading it. In this way, RAM has become a tradeable commodity with prices fluctuating based on demand and supply. According to theeos.feexplorer.io, 1kb of RAM currently costs 0.12 EOS, which translates into roughly 60 cents.