Should Ethereum Hardfork or Allow Hackers to Run with $50 Million?
The Ethereum community has a monumental and historical decision to make after the shocking theft of $50 million held on the DAO smart contract. The proposed solutions by the Ethereum’s developer community to the on-going hack is a fork, according to a Critical Update by Vitalik Buterin. The decision, however, stands with Ethereum’s community, according to George Hallam, one of the developers of Ethereum who, speaking to CoinTelegraph, stated: “We can provide code which would allow [the fork], but the community as a whole has to come to consensus on how we move forward on this. It is not....
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In a historical, decentralized and defining decision, Ethereum holders have unanimously voted in favor of a hardfork to deprive the DAO thief of his ill gains and return the funds to token holders, avoiding a trainwreck just months after ethereum’s release. Utilizing the blockchain, a transparent and non-gameable voting method shows that out of more than 1.5 million eth, 97%, valued currently at $15 million, are in favor of the fork, with only just above 40,000 eth against. The unanimous and conclusive decision by ethereum’s community will now turn attention to the implementation of the....
In just three days, Ethereum is to undertake the first of its kind hardfork in the digital currency space. With Geth, Parity and Mist all having a hardfork release, all eyes are now on the miners. Ethpool/Ethermine was the first to open the decision to miners with more than 81% voting in support of the hardfork on both pools. Dwarfpool, currently the biggest ethereum miner, followed, with more than 72% supporting the fork. Peter from Ethpool/Etherminer, speaking to CCN, stated: “[T]esting will start tomorrow and all mining nodes will be upgraded by Tuesday according to the result of the....
Ethereum’s community has reached a general understanding that the best way to move forward and address the month long dos of the network is a quick hardfork. A matter of urgency has been added following a recent backlog of more than 12,000 transactions and some miners opting in for zero transaction blocks. Gavin Wood, founder of Ethcore, maintainers of Parity, the second most used ethereum client, publicly stated yesterday: The EIP150.c1 hard fork is being targeted for Monday. We have a candidate branch and will be releasing a fork-ready client as soon as there are proper consensus tests.....
Ethereum classic (ETC) has seen a rally in the last 24 hours, in a massive reversal of fortunes. Ethereum classic is a result of the forking of the Ethereum which, ironically, comes from a decision by the Ethereum foundation to fork Ethereum to try to restore the money lost in the DAO hacking incident earlier on. In a message released by the promoters of Ethereum Classic they made their intentions clear: they do not accept the fork which was made to reimburse DAO investors. They say: “The Ethereum Foundation responded to the DAO debacle in the worst way possible. Special interests....
Last week, Ethereum announced a hardfork following a relentless, month-long denial of service attack. The proposed hardfork will occur at block 2,463,000, expected to be mined today, October 16. At the time of publishing, the Ethereum blockchain saw block #2,462,322 mined, by mining pool ethpool. In the lead-up to the hardfork, cryptocurrency exchanges have sought to update customers on how they plan to respond and adapt to the Ethereum hard fork. Prominent digital assets exchange Kraken has said that it expects the fork to occur without any disruption, “with the DOS-protected fork quickly....