Ethereum’s ‘Unannounced Hard Fork’ Was Trying to Prevent the Very Disruption ...
A hard fork that split Ethereum’s chain in two was activated on purpose, calling into question Ethereum’s client coordination.
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Here's what the impending Eth 2.0 hard fork means, and why Ethereum devs are still debating the “Ice Age.”
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....
Сonsidering the rising reputation of the Blockchain as something truly secure, the impact of the DAO attack might be disastrous not only for The DAO and Ethereum themselves but for R3 consortium and its members too. What if a smart contract fails. Getting back to business with the ‘hard fork’ would mean rolling all the transactions back to a point before the theft. Using a ‘soft fork’ instead would be equal to blocking all the transactions from the attacker’s address. Another option would be to do none of these and say, “That’s how the system works.” The option of doing nothing wasn’t....
An unannounced Ethereum hard fork disrupted service for users and underscored the differences between the two largest blockchain networks. The post “Unannounced” Ethereum Hard Fork Proves Not All Blockchain Networks Are Built The Same appeared first on Bitcoin Magazine.
In a blog post by Daniel Friedberg, principal of the law firm Riddel Willams PS in Seattle, some of the legal ramifications for the hard fork of Bitcoin have been addressed and raise interesting and critical questions about the future of such projects. The hard fork topic has come to head recently as a vocal and active group of developers has advocated for the change or upgrade of the current platform that Bitcoin operates. Friedberg goes into how a hard fork is different from what most would normally consider a fork within an open source software context: “A ‘hard fork’ by nature is not....