Has Ethereum's Hard Fork Created a New Kind of Double Spend?
Try explaining what a blockchain is to a layman. Not a simple task. Now consider how difficult it can be to explain ethereum, The DAO, the DAO attack and now the ETH/ETC divide that is surfacing within the community. To explain the concept of a blockchain, I often focus heavily on the concept of immutability – the idea that any piece of history recorded on a well-distributed blockchain is in essence irreversible, or permanently engraved in time. But if that’s true, how can one explain the ethereum hard fork debate? I tend to agree with a recent CoinDesk piece that argued the hard fork....
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Ethereum Classic is all set to get a hard fork of its own soon to counter the sustained DOS attack. Ethereum Classic is on its way to get a hard fork in the next two days. Ethereum recently split into two blockchains following a hard fork introduced by the Ethereum development team a few months ago. The hard fork resulted in two versions — Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum continued to operate on the new fork, a portion of the cryptocurrency community decided to continue with the original Ethereum blockchain, calling it Ethereum Classic. Ethereum recently came under....
Decisions like these are a pivotal moment in the history of cryptocurrency. Once the hard fork goes into effect, the markets will respond to whatever comes next. The Ethereum hard fork continues to be a significant topic of debate among cryptocurrency enthusiasts. Many people have voted for this decision, to bail out The DAO and its developers. But some voices raise the concern of how Ethereum developers are forcing the community to make this decision. An exciting time dawns for Ethereum, and this debate seems to be far from over. Relying on a hard fork of source code to solve a....
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....
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....
Other changes include the release of a stable Go API, as well as Android and iOS support for Geth. As most cryptocurrency users are well aware, Ethereum will undergo another hard fork. After a lot of discussion among developers, the decision was made to activate the fork at block 2,675,000. Multiple clients will be ready to accommodate this change, which marks another significant milestone for the Ethereum ecosystem. Every Ethereum hard fork has a rather unusual name, and the fourth one is no exception. Under the Spurious Dragon banner, this new fork will go into effect at block 2,675,000.....