Ethereum’s Hard Fork is a Lesson for the Bitcoin Community
It seems the Ethereum community is prepping for a hard fork for around July 20 or depending on how fast the hash rate approaches block height 1920000. This has renewed spirit within the community as the price has bounced back about 5% at the time of this writing. Ethereum’s Hard Fork Will Be Closely Watched. The Kraken exchange has recently stated that....
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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....
A hard fork that split Ethereum’s chain in two was activated on purpose, calling into question Ethereum’s client coordination.
The Ethereum community is in emergency mode as showstoping findings from the Cornell team sent the soft-fork option out. The only choice now available is whether to hard-fork or not, a decision that must be made in just 16 days. DDos vulnerabilities were found in Ethereum’s softfork which allows an attacker to exploit the gas limit (comparable to bitcoin’s transaction fees) and, in effect, bring the whole network to a halt. Therefore, the “[s]oft fork is out” says George Hallam, spokesman for Ethereum’s foundation, speaking to CCN. The community now has to move incredibly quickly and make....
The Ethereum hard fork, executed to prevent future hacks like the DAO fiasco, marks the first Ethereum bailout, according to Frances Coppola, a finance, banking and economics journalist, writing in Forbes. The Ethereum community needed the hard fork to prevent future hacks because the code wasn’t properly tested to begin with, disproving the claim of “immutability.” The majority of Ethereum miners had invested in DAO, so it’s no surprise they supported the hard fork since it allowed them to recover their investments. Those who objected on the grounds that the hard fork eliminated 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....