Ethereum Successfully Hardforks

Ethereum has successfully upgraded its network to address a number of attack vectors that were constantly exploited in September and October of this year. Just before Devcon2’s opening, an attacker exploited a smart contract gas mispricing bug which threatened to derail Ethereum’s big day. The developers, however, were able to take emergency measures, allowing the network to continue operating, but after Devcon2, for a period of two weeks, the attacker kept exploiting the same bug in different and creative ways, leading Gavin Wood, founder of Parity Technologies, to call for a hardfork.....

Ethereum Classic forked for the first time this morning to address a number of dos attack vectors that have affected ETC’s network for weeks. The upgrade faced no technical problems, with most of the network and miners smoothly transitioning from the old client to the new Gas Price Hardfork client. However, ETC’s price has not reacted positively, falling by more than 3% in contrast to Eth’s price which rose by almost 10% after it successfully hardforked last week. ETC’s price may be a reaction to bitcoin’s gain in value – itself arguably because some miners have publicly called for a....

Monero, the fifth largest digital currency with a market cap of nearly $200 million, has successfully hardforked yesterday to add higher levels of privacy and anonymity by implementing an adapted version of Confidential Transactions. The networks’ near 650 visible full nodes have made the transition without any noticeable problem so far, with the market responding positively as indicated by an increase in Monero’s price of more than 4.5% at the time of publishing. Monero’s Price Following a Hardfork to Implement Confidential Transactions. Chat Courtesy of Poloniex The network hardforked to....

Ethereum has just entered free fall. The second most popular cryptocurrency plunged nearly 20 percent at the time of writing to trade at $5.88 to the ETH, compared with its position 24 hours earlier on the Poloniex exchange. Ethereum has been constantly falling and as the chart below shows, the cryptocurrency has fallen from its previous level of $12 at the end of October 2016 to nearly half of that as of Dec. 6, 2016. Why is Ethereum floundering? Ethereum has been plagued by disaster ever since it came into being. The cryptocurrency has undergone at least four hardforks, which have left....

Next week or roughly around four days from now, The Merge is expected to be implemented and Ethereum will transition from proof-of-work (PoW) to proof-of-stake (PoS). According to Ethereum developers, prior to the Paris upgrade, programmers successfully completed the 13th and last shadow fork. Ethereum’s 13th and Last Shadow Fork Is Complete On Friday, social media has been abuzz with chatter about The Merge and Ethereum’s transition from PoW to PoS. Furthermore, ETH developers and the Ethereum research and engineering company Nethermind revealed the last shadow fork is now....