Ethereum to Hard Fork Two More Times Following Recent Attacks
It seems the Ethereum community will be initiating a hard fork once again. Actually, make that two hard forks. In an official Ethereum blog post on October 13, developer Martin Swende announced the decision to hard fork due to malicious network attacks. Malicious Actors Attacking the Ethereum Network. Over the past few weeks, the Ethereum network has....
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Not only Ethereum (ETH), the public blockchain based on smart contracts, has been under Distributed Denial of Service attacks lately. Ethereum Classic (ETC), a blockchain launched on the Ethereum code, has been under a similar attack. Some of the attacks were specific to ETH, while some affected both chains. The attacks made both networks barely usable. Ethereum hard-forked Monday. Ethereum Classic hard forks October 25. “There was only so much that could be done by fixing the clients without making backwards-incompatible changes,” Ethereum Classic project coordinator Arvicco Arvicco told....
Barely 24 hours into its scheduled Ethereum hard fork which was supposed to introduce “changes to help protect against the recent DOS attacks on the network,” one of the contracts from the project seems to be under yet another attack. This was confirmed in a Reddit post by Ethereum’s Nick Johnson in response to a post suggesting same: “Yes, the attacker's conducting an EXP attack as we speculated he would. Processing times are between 1-3 seconds depending on how powerful your node's CPU is (unlike previous attacks, this is entirely a processing power attack). The second HF will reprice....
Déjà vu? Although there isn't a timeline yet, ethereum creator Vitalik Buterin today suggested that the platform's developers may have to hard fork to once again solve pressing network problems. If pursued, the move would come less than three months after ethereum last executed a hard fork in a controversial bid to return funds to investors in The DAO. Despite the potential risks (last time, the upgrade didn't go as planned), the new fork seems to have initial support, as it is seen as a way to foil ongoing attacks on the network. In recent weeks, the ethereum blockchain has been barraged....
Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the....
Between a block and a hard place? While ethereum's latest hard fork went according to plan yesterday (so far without any drastic side effects), attacks on its blockchain quickly began anew. In this case, ethereum executed a hard fork on Tuesday in a bid to stop denial of service (DoS) attacks that have been ongoing for about a month. Following weeks of transaction and block creation issues, the platform's developers determined that the best way to fix the issue was to reprice certain network functions, and users and miners responded by quickly upgrading their software (a process known as a....