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Merge pull request #635 from ethers/patch-18 

Clearer explanation of revealing a bid late
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Nick Johnson 2017-05-22 12:29:45 +01:00 committed by GitHub
parent 8e7b42d33a db6cd44d00
commit 6a22cfb8b8
1 changed files with 2 additions and 2 deletions
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EIPS/eip-ens-initial-registrar.md
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@ -121,14 +121,14 @@ The following table outlines what portion of the balance held in a deed contract
| --- | --- | --- |
| A valid non-winning bid is revealed. | Bidder | 99.5% |
| A bid submitted after the auction period is revealed. | Bidder | 99.5% |
| An otherwise valid bid is revealed on an owned name. <sup>1</sup> | Bidder | %0.5 |
| A bid is revealed after the reveal period. <sup>1</sup> | Bidder | 0.5% |
| An expired sealed bid is cancelled. <sup>2</sup> | Canceler | 0.5% |
| A registered hash is reported as invalid. <sup>3</sup> | Reporter | 50% |
| A registered hash is reported as invalid. <sup>3</sup> | Owner | 50% |
##### Notes:
1. This is to prevent an extortion attack on the current highest bidder, by threatening to reveal a new second highest bid. This forces all bids to be revealed.
1. This incentivizes all bids to be revealed in time. If bids could be revealed late, an extortion attack on the current highest bidder could be made by threatening to reveal a new second highest bid.
2. A bid which remains sealed after more than 2 weeks and 5 days may be cancelled by anyone to collect a small reward.
2. Since names are hashed before auctioning and registration, the Initial Registrar is unable to enforce character length restrictions independently. A reward is therefore provided for reporting invalid names.