Tag: Parity

New Parity Update Addresses RPC Request Crashing Ethereum Network Nodes

In 2019, not a week goes by in the cryptocurrency industry without some sort of worrisome development. Parity, one of the more popular technology stacks in the Ethereum ecosystem, has issued a major security alert. It seems a new attack vector against network nodes has been uncovered which could ultimately force network nodes offline. Luckily, a fix is ready to be downloaded. Parity Security bug is Worrisome As has become …
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Ethereum Community Leans Toward Approving Parity “Patch”

An important Ethereum improvement proposal is being considered right now. Although EIP 999 is somewhat controversial among community members, it seems the majority of the network is in favor of seeing this solution move ahead. There is still a long way to go until we know the final outcome, though. The EIP 999 Vote is in Progress For those unaware of what this EIP entails exactly, it is an effort to address the …
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Four Major Cases of Hacking a Smart Contract or Why Thinking Ahead is Important for an ICO Project?

When you approach a vending machine and insert a coin, you expect to receive a can of soda or tasty snack in return. The same thing happens when you use blockchain technology to exchange cryptocurrency for any service or vice versa. It’s called, a “smart contract,” and it’s expected that this process is automatic; nothing can happens to alter it. Well, the process itself remains the same, but the terms …
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Parity Will Not Pursue Hard Fork to Unfreeze 500,000 Ether

Ever since the recent Parity bug, people have been wondering how their frozen funds will be rescued. It is evident there is no easy solution to this problem, as the earlier proposal of hard forking Ethereum to roll back the incident has been rejected by the community. This will make it a lot more difficult to come up with a solution everyone can agree on. For now, there is still no …
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