DAO Wars Soft Fork Makes Ethereum Blockchain Vulnerable
The Ethereum community has a lot to decide lately as the network has been preparing for an upcoming soft fork expected to start roughly around June 30. According to Etherchain.org pools who have implemented the soft fork are showing consensus for the procedure. With the Ethereum community planning on the next step another revelation from Hacking, Distributed shows the soft fork may be vulnerable to DoSing. Is a Blacklisting Soft Fork a Good Idea? Some Say No. In an editorial written by Tjaden Hess and additional research done by River Keefer, and Emin Gün Sirer the Hacking, Distributed....
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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....
The soft fork proposed to fix the sticky situation The DAO has dragged the Ethereum community into is here, and is a perhaps disproportionately drastic to the problem. The proposed solution to the DAO attack is to freeze all funds in the contract by blacklisting the hashes that correspond to the stored Ether. Want to withdraw funds from the DAO or “split” from the failed experiment? Be prepared to do so on an alternate Blockchain. Soft Fork Praised Within, Decried by Ethereum ‘Outsiders’. The interesting facet of this development is the recent update to the blacklisting methodology being....
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in favor of a protocol soft fork, a new vulnerability introduced by the update has caused the support to the fork to be withdrawn.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....
Since the June 17 attack on the DAO, the Ethereum Network has not remained the same. Evident in this scenario is the falling price of the network’s cryptocurrency, Ether. Soft fork. Speaking during the Dutch Blockchain conference, Gavin Wood, co-Founder of Ethereum said: “Assuming no further security issues, stolen Ether will remain illiquid for 39days. Then it will be completely fungible and may be exchanged or sold”. Wood outlines the three possible options available for the Ethereum community in handling the DAO attack: Do Nothing: By taking this approach, Wood says that most of the....
Griff Green, a spokesman for Slock.it, the team which founded the DAO, says in an interview with CoinTelegraph that he is privy to some of the pool operator’s discussions and they “very much back the soft fork.” However, he doubts pool operators are willing to go on record and publicly support the fork. Responding to potential suggestions of negotiation with the attacker, Green stated: “I'm not personally open to negotiations because with a hard fork we can get all of the ETH back to the people who were attacked.” He further added: “I think there is a general consensus in the Ethereum....