The ANZ Banking Group, a major banking corporation in Australia and New Zealand is exploring and investing in blockchain technology. Like most other banks, it is focusing on private ledgers, unlike a public ledger like the bitcoin blockchain. The recent hack-attack of the DAO is more proof that public blockchains are far too risky to be embraced by private banks, according to Nicholas Groves, ANZ...
Update: The quotes given to CCN are attributed to Trevor Altpeter, director of the Counterparty Foundation. Counterparty is set to launch Ethereum’s Virtual Machine (EVM) on a testnet in two weeks with Counterparty developer Ruben de Vries making solid progress toward the end result, which will eventually bring Ethereum’s smart contract to Bitcoin. In late 2014, Counterparty carried out a Proof...
The Ethereum community is in emergency mode as showstoping findings from the Cornell team sent the soft-fork option out. The only choice now available is whether to hard-fork or not, a decision that must be made in just 16 days. DDos vulnerabilities were found in Ethereum’s softfork which allows an attacker to exploit the gas limit (comparable to bitcoin’s transaction fees) and, in effect, bring...
Ethereum itself seems to be flawed according to the latest developments on the DAO Hack. Philip Daian, a researcher at Cornell University’s Initiative for Crytocurrencies & Contracts, just presented his latest findings on the hack, concluding: I would lay at least 50% of the blame for this exploit squarely at the feet of the design of the Solidity language. This may bolster the case for...
Everyone’s imagination was grabbed by Slocks, the Universal Sharing Network, the Ethereum computer. A new decentralized and autonomous future was promised with smart contracts, DAOs and a sharing economy. People flocked in tens of thousands, raising more than $250 million at its peak to only see it crash and burn. “There are so many attack vectors some of them cancel each other out” said Emin Gün...
Earlier today a user under the handle of “daoattacker” came to the DAO slack channel and seemingly gave away 6.37 bitcoin. I was preparing to write an article on an alleged statement from the DAO attacker, so when I checked the slack channel the giveaway was just ending, but everyone was posting their bitcoin address. I was not sent any bitcoin or any other currency nor did I request through...