Ethereum’s developers are once again grappling with the issue of how to solve major fund losses on the world’s second-largest blockchain.
After a year in which the company suffered a high-profile hack, ethereum startup Parity is now moving forward on key project development.
With long-term fixes like sharding a ways off, ethereum developers are making the software run more efficiently to ease growing storage requirements.
When you approach a vending machine and insert a coin, you expect to receive a can of soda or tasty snack in return. The same thing happens when you use blockchain technology to exchange cryptocurrency for any service or vice versa. It’s called, a “smart contract,” and it’s expected that this process is automatic; nothing […]
Hackers and scammers netted nearly $490 million in 2017. In this recap, CoinDesk takes a look at the most important incidents and their impact.
Ever since the recent Parity bug, people have been wondering how their frozen funds will be rescued. It is evident there is no easy solution to this problem, as the earlier proposal of hard forking Ethereum to roll back the incident has been rejected by the community. This will make it a lot more difficult to […]
After critical feedback from the ethereum community, Parity Technologies will not follow-up on any of its proposals for restoring frozen ether funds.
The paper that’s meant to provide the rules for computers running ethereum’s software is out of date, and agreeing an update may not be so easy.
Parity Technologies has just released a proposal for reclaiming the millions in ether frozen last month due to a fault in its code.
There are many valuable lessons to be learned from the recent Parity multisignature bug. It is unacceptable that so many wallets have had funds frozen without a viable solution to undo the damage. More specifically, this issue has persisted for quite some time now, and it seems things are not necessarily improving. As the ARToken […]
With $160 million in funds frozen on the ethereum blockchain, a search for solutions is ongoing – if not altogether promising so far.
The Parity multisignature issue involving the freezing of Ethereum funds has taken yet another major plot twist. More specifically, the Parity team has acknowledged that they could have easily prevented the freeze but failed to do so. With over 500,000 Ether still locked up in smart contracts, it is evident the company’s negligence was a big factor. How […]
The Ethereum community received a nasty surprise when the latest Parity multisignature hack was exposed. Someone successfully froze millions of dollars worth of Ether with a smart contract exploit. So far, this matter has not been resolved, and there is evidence of this having been a malicious attack first and foremost. It’s an interesting train of thought […]
Parity has released new details on how a critical code flaw resulted in the freezing of $160 million worth of ether.
Work continues on a possible way to free up the more than $150 million worth of ether stuck in multi-signature wallets following a hack last week.