Coinbase CEO Admits There Could Be Bugs in Ethereum Hard fork, Celebrates Combined Value of ETH and ETC
Brian Armstrong, founder and CEO of Coinbase, admitted on Twitter last week there could still be bugs in the Ethereum DAO. This comes after various tweets encouraging the hard fork as a means of updating blockchain systems. “My hope is to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins,” Armstrong wrote on the popular social media platform. “Easy to forget how many voices there were in the bitcoin company spreading FUD about the danger of hard forks,” he tweeted. “Here is one more success case.” He later tweeted: “Success!....
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Not only Ethereum (ETH), the public blockchain based on smart contracts, has been under Distributed Denial of Service attacks lately. Ethereum Classic (ETC), a blockchain launched on the Ethereum code, has been under a similar attack. Some of the attacks were specific to ETH, while some affected both chains. The attacks made both networks barely usable. Ethereum hard-forked Monday. Ethereum Classic hard forks October 25. “There was only so much that could be done by fixing the clients without making backwards-incompatible changes,” Ethereum Classic project coordinator Arvicco Arvicco told....
Bitcoin Unlimited has been a controversial topic within the bitcoin community mostly because of the recent exploitation of the software’s internal bugs. On March 15, several developers outside of the Bitcoin Unlimited development team found several bugs in its software which led to a 6-hour downtime for miners and shut down 500 nodes within minutes. Technical Issues With Hard Fork Solutions. When bugs emerge, developers can provide appropriate fixes and solutions to address them, similar to how the Ethereum development team released various patches in late 2016 to build resilience toward....
The controversial debate over the justification of the Ethereum network’s hard fork immediately led to the creation of Ethereum Classic, an alternative project developed to maintain the original non-forked chain of Ethereum. July 20, Ethereum completed its first hard fork to recover approximately 12 million ETH drained from the DAO by an unknown hacker, due to the underlying vulnerabilities and bugs of the DAO protocol. The successful completion of the hard fork was celebrated and praised by the majority of the Ethereum community, but was heavily criticized by Bitcoin developers and....
Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Cardano has been slowly moving towards the Vasil hard fork for a couple of months now. The upgrade has, however, gone the way of the Ethereum Merge as it has now been postponed twice. Founder Charles Hoskinson attributes the delays to bugs found in the code and the team taking time out to make sure […]