Max’s Corner 5: Hard Fork Special

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Max’s Corner 5: Hard Fork Special

With all the buzz going around about hard forks this week we thought it would only be fitting if we dedicated this week’s column to the three biggest hard forks on our radar.

Max’s Corner 5: Hard Fork Special

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Vitalik Buterin: Ethereum is a Smartphone While Bitcoin is a Calculator

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Vitalik Buterin: Ethereum is a Smartphone While Bitcoin is a Calculator

Ethereum is the world’s second largest cryptocurrency in terms of market capitalization and is loved by crypto exchanges and is listed with most crypto pairs, more than any other coin, but Bitcoin.

Vitalik Buterin: Ethereum is a Smartphone While Bitcoin is a Calculator

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JPMorgan Tests Ethereum Privacy Tech ‘AZTEC’ with Zero-Knowledge Proofs

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JPMorgan Tests Ethereum Privacy Tech ‘AZTEC’ with Zero-Knowledge Proofs

Having launched its own digital asset, JPMorgan Chase is now exploring the capacities of a new Ethereum privacy tech AZTEC based on zero-knowledge proofs.

JPMorgan Tests Ethereum Privacy Tech ‘AZTEC’ with Zero-Knowledge Proofs

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Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated

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Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated

After two delays, the Constantinople and St. Petersburg hard forks have finally gone live. With this release, four different Ethereum improvement proposals (EIPs) have been officially activated.

Ethereum’s Constantinople and St. Petersburg Hard Forks Have Been Activated

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Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

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Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

This week Tron is going to hard fork its network to its 3.5 version and offer four new features for institutional users.

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

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Ethereum’s Longed-For Constantinople and St. Petersburg Hard Forks to Go Live This Week

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Ethereum’s Longed-For Constantinople and St. Petersburg Hard Forks to Go Live This Week

Though the Constantinople hard fork has been already postponed twice now it is expected to occur together with the St. Petersburg upgrade this week.

Ethereum’s Longed-For Constantinople and St. Petersburg Hard Forks to Go Live This Week

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Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’

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Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’

At a recent blockchain conference that happened in San Franciso, Vitalik Buterin, Ethereum creator, answered a question about whether an Ethereum upgrade would have “any transaction throughput goals.”

Vitalik Buterin: ‘EOS and Tron are ‘Centralized Piles of Trash’

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Ethereum [ETH] Constantinople delay post-mortem: Vulnerability could have been discovered earlier

Earlier this week, Charles St. Louis, a member of Ethereum Cat Herders, published the post mortem report of the Constantinople hard fork postponement, on his official Medium page. The report outlines the process of the decision taken by the community during the timeframe, and the measure that could have been taken to prevent the postponement.
Constantinople hard fork is part of the third stage of Ethereum, Metropolis. Apart from the upcoming hard fork, Byzantium hard fork, which occurred in October 2017, is also a part of the third phase. Prior to Metropolis, the two phases of Ethereum were Frontier and Homestead. The next and the final phase ‘Serenity’ introduces major updates to the network, with Proof-of-Stake – Beacon and Casper, Plasma, Zero-knowledge proofs being the key-upgrades.
The hard fork that was supposed to take place earlier this month proposed five Ethereum Improvement Protocols [EIP]’s, with the main light on EIP 1234, written by Afri Schoedon. This EIP proposed the delay of the difficulty bomb for another 12 months and the thirdening – reduction of the block reward from 3 ETH to 2 ETH.
Among the five improvement proposals, the one that led to the delay of the hard fork is EIP 1283: Net gas metering for SSTORE without dirty map. On the eve of the hard fork, ChainSecurity, an audit platform for smart contracts, announced that their team has discovered a potential vulnerability in the implementation of the protocol. The team discovered that the implementation would result in smart contracts being vulnerable to a Reentrancy attack, which would have been enabled while using address.transfer[…] or address.send[…], after the hard fork.
According to the post-mortem report, there were five major factors that were involved in the hard fork postponement decision. This included: deciding whether the issue could be fixed or not, the potential risk of delaying the hard fork and not delaying the hard fork, emergency call with Ethereum stakeholders/developers, the community’s sentiment and discussion of trading security for efficiency. Furthermore, the report states that the issue could have been discovered earlier.
“ChainSecurity utilizes Truffle/Ganache for security analysis however the first Constantinople-ready Ganache version came out only six days before the hard fork […] There are reports that other security researchers in the ecosystem suspected this vulnerability but did not prepare an official bug bounty or report it because they assumed it was already known.”
Source: Github
Here, it has been concluded that developer tools in the ecosystem should be incentivized more and that developer tool readiness should be taken into account during the hard fork schedule discussion. It also states that there should either be new documentation or an update of the existing documentation on how to disclose vulnerabilities or suspected vulnerabilities.
“Include extensive resources for reporting or discussing potential issues — not just official bug bounties. These should include key bug bounties across the ecosystem (not just the official EF bug bounty program), relevant chat rooms, encouraging people to comment on EIPs, pointing people to Github issues, security, bugs, PGP, support email, forums, security Telegram channels, etc.”
According to the recent decision, the hard fork is scheduled to occur on block #7,280,000, which would take place around February 27, 2019. This time, there will be two hard forks that will occur on the same block. The first hard fork will include all the proposed EIPs except for EIP 1283 and the second hard fork will allow test networks and private networks an option to undo the Constantinople changes, especially the networks that are already forked. The post-mortem stated:
“Individual testnets and private networks that already implemented the original Constantinople will trigger the two forks on different blocks at their discretion”
The post Ethereum [ETH] Constantinople delay post-mortem: Vulnerability could have been discovered earlier appeared first on AMBCrypto.
Source: AMB Crypto

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

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Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

While that the cryptocurrency industry is going through a very rough phase, here are the five events expected to set the growth trajectory of the crypto market in 2019.

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

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Ethereum’s Constantinople Hard Fork to Activate by Late February

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Ethereum’s Constantinople Hard Fork to Activate by Late February

During the latest developer meeting, the core team agreed to adopt a “two-fork” to implement Constantinople safely on the Ethereum network.

Ethereum’s Constantinople Hard Fork to Activate by Late February

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Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork

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Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork

Binance has confirmed support for the upcoming Ethereum Constantinople hard fork and said it will “handle all technical requirements.”

Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork

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Constantinople Fork Will be Very Bullish for Ethereum, Believes Crypto Analyst Alex Krüger

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Constantinople Fork Will be Very Bullish for Ethereum, Believes Crypto Analyst Alex Krüger

Though this year hasn’t been the best one for Ethereum, everything may change in 2019 after a long-awaited Constantinople upgrade.

Constantinople Fork Will be Very Bullish for Ethereum, Believes Crypto Analyst Alex Krüger

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Ethereum’s Much Awaited Constantinople Hard Fork to Occur at Block Number 7,080,000

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Ethereum’s Much Awaited Constantinople Hard Fork to Occur at Block Number 7,080,000

During the latest developers’ meet, the team members looked confident about the release of Constantinople hard fork by mid of January 2019.

Ethereum’s Much Awaited Constantinople Hard Fork to Occur at Block Number 7,080,000

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