Ethereum Smart Contract Issues Frustrate Developers with Fatal Bugs
Only weeks after the execution of a hard fork to mitigate various DoS (denial-of-service) attacks, the Ethereum network and its developers are struggling to deal with yet another major flaw. This time, major issues in regards to smart contracts have emerged, which have rendered the efforts of decentralized applications in the Ethereum network purposeless. On November 1, the Ethereum development team and the founder of Solidity warned users and developers against a bug that allowed variables to be overwritten in storage. Variables in a smart contract are agreements made between two or more....
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Bugs are a normal part of software, but on ethereum, they may be uniquely hazardous. That may be the takeaway from an ethereum programming language bug found this week that affects a specific style of smart contract and, because of how ethereum works (it promises applications will run exactly as programmed), most of the contracts affected can't be taken down or changed. In short, owners of decentralized smart contracts (those that aren't able to be upgraded by one owner) can't do anything to fix the bug. Two days after the bug report was issued, developers rolled out a fix in Solidity....