Weekly Digest: Bitcoin Poised For New Gains, Ethereum Soft Fork is a No-go
In this Weekly Digest, we take a quick glance at what the Bitcoin price might be in the next few days. We also go over the recent developments pertaining the Ethereum Soft/Hard Fork. Although much more calmer than the week before, these days didn’t come free of events and news. Let’s dive in Bitcoin, Ethereum, and everything else! Bitcoin Price. This week the Bitcoin price experimented a flat formation, the price was incapable of consistently breaking through the 30-Moving Average of the 4-hour chart. As the pressure started to build up, the bears and the bulls were preparing their next....
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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....
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 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in favor of a protocol soft fork, a new vulnerability introduced by the update has caused the support to the fork to be withdrawn.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....
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....
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....