Sorry for the amateur nature of this in advance, but

Question

Sorry for the amateur nature of this in advance, but

is anyone able to summarize the Kukoin - KDA situation in layman terms? I realize Kukoin has disabled transfers but something about it affecting liquidity? And does something with nodes affect it?

Thanks for any help 😊

#blockchain #cryptocurrency #english #kadena

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20.09.2021

15 ответов

31 просмотр

Ron LaFlamme⛓🕸

KuCoin is the main market for KDA. No other exchange has real volume. KuCoin was forced to take down deposits/withdrawals because of a bug in the KDA node. Now miners have no place to sell their coins and are forced to hodl for a bit. The theory is that this is pushing up the KDA price because it is artificially limiting supply of KDA.

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20.09.2021

S Автор вопроса

Oh wow. Thanks a ton for that explanation.

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20.09.2021

S Автор вопроса

Is it a hypothetical possibility to say when the issue is resolved, it’ll reduce the price?

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20.09.2021

Ron LaFlamme⛓🕸

That’s what everyone is waiting to see. Obviously, it’s a possibility. These mining rigs got pretty expensive over the past year. A lot of miners need to sell their production to pay off the hardware (not to mention the electricity). On the other hand, KDA has received a lot of positive attention on Twitter and 4chan over the past 2 weeks so that could also be what’s driving the price.

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20.09.2021

MLumber

how long has it been closed?

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20.09.2021

Ron LaFlamme⛓🕸

I think it went down on September 16 but I’m not positive.

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20.09.2021

Orion

Great explanation. One question...this bug on the node was just on the node of Kucoin? And is this type of bug common?

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20.09.2021

Ron LaFlamme⛓🕸

I believe the KDA nodes were suseptable to a DDOS attack. This took down the block explorer. However, the KDA network itself was safe. KuCoin and F2pool suspended deposits/withdrawals as a precaution. They were scared that something else might happen which could fork the network. Now, they just appear to be extra careful in resuming normal operations.

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20.09.2021

Orion

Tks!

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20.09.2021

Nick

Sounds like they don't believe in KDA

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20.09.2021

lil Wick

Fud