Ethereum’s Soft-fork Unanimous, Hard-fork Uncertain
With $250 million on the line, Ethereum is moving at lightspeed as the latest unsybilable miner voting shows they almost unanimously back the fork, with more than 90% in favor. Gavin Wood, founder of Ethcore, the company that develops Parity, one of Ethereum’s clients, confirmed the soft-fork has been merged stating: “[T]he development branch of the Parity codebase now includes some functionality to allow miners to block certain transactions.” The softfork is still waiting to be merged in Go, the Ethereum client used by most users. Jeffrey Wilcke, an ethereum founder and lead developer of....
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Ethereum’s hard fork will officially occur Wednesday at approximately 7am EST, despite 65% of miners voting against the measures. Pools ‘Supposed Not to Support’ Fork. The countdown to block 1,920,000, determined to be the opportune point for the action to recover funds lost during the DAO hack, is set to expire shortly. Following creator Vitalik....
The DAO debacle continues, after the miner community voted in favor of a protocol soft fork, a new vulnerability introduced by the update has caused the support to the fork to be withdrawn. Geth's 1.4.8 version could allow an attacker to SPAM and effectively freeze the whole Ethereum network. The Ethereum Foundation has introduced a new Geth client version (1.4.9) that rolls back the changes made in the previous soft-fork-enabled software. A security alert was issued by Ethereum Foundation. In the announcement, the developer Felix Lange explained: An attack vector has been identified in....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....
“It’s not about the economics,” says Alex Petrov of bitcoin cloud miner, Bitfury, in riposte to comments by Bitcoiner Roger Ver on changes to the bitcoin protocol. “You can have a different economical opinion or you can have a different economical theory, but it’s all about the software. This soft-fork and hard-fork. It’s the only way you are trying to offer the new solution for the whole community. In a soft-fork, it’s a restriction on allowed behavior. And then if people agree, they can activate the feature. If you are creating a hard-fork, it’s more complex. You are updating the....
The highly anticipated Ethereum hard fork is expected to launch on August 4 at block height 12,965,000 according to Ethereum core developers. The London hard fork will add five Ethereum Improvement Proposals (EIPs) that aim to enhance the blockchain. However, the Berlin hard fork was postponed after a vulnerability was identified by the audit company Chainsecurity and the London hard fork could be delayed as well. London Hard Fork Scheduled for August 4, 2021 Ethereum’s London hard fork is one of the most long-awaited changes in quite some time and will follow the recently....