Articles about ethereum

Pennies in a jar. Photo via Shutterstock

Loose-change payment network Microraiden launches on Ethereum

A new micropayments technology called Microraiden has launched on the Ethereum blockchain's main network. Microraiden is one of the strategies to help solve a teensy-weensy problem with Ethereum – quickly processing a large number of transactions. Every time a transaction is made on the Ethereum network, every node of the …
Andrew Silver, 1 Dec 2017
Rage

Parity: The bug that put $169m of Ethereum on ice? Yeah, it was on the todo list for months

Alt-coin wallet software maker Parity has published a postmortem of the bug that put millions of dollars of people's Ethereum on ice – and has admitted it knew about the flaw for months. It just hadn't got round to fixing it. Last week, netizens using Parity's multi-signature wallets – which each require more than one person …
Iain Thomson, 16 Nov 2017
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Your attention has value, personal cryptocurrency will advertise it

Cryptocurrencies open the door to a world where everyone has their price. To understand why, consider Ethereum, a cryptocurrency that rests on the distributed ledger tech described by Satoshi Nakamoto in his 2008 white paper but includes a scripting language. That makes it, quite literally, "smart money.’ The idea of smart …
Mark Pesce, 14 Nov 2017
currency

Parity's $280m Ethereum wallet freeze was no accident: It was a hack, claims angry upstart

A cryptocurrency collector who was locked out of his $1m Ethereum multi-signature wallet this week by a catastrophic bug in Parity's software has claimed the blunder was not an accident – it was "deliberate and fraudulent." On Tuesday, Parity confessed all of its multi-signature Ethereum wallets – which each require multiple …
Iain Thomson, 10 Nov 2017
failure

Parity calamity! Wallet code bug destroys $280m in Ethereum

There's a lot of hair-pulling among Ethereum alt-coin hoarders today – after a programming blunder in Parity's wallet software let one person bin $280m of the digital currency belonging to scores of strangers, probably permanently. Parity, which was set up by Ethereum core developer Gavin Woods, admitted today that a user …
Iain Thomson, 7 Nov 2017
Weapon of the information wars from Shutterstock

Dev writes Ethereum code for insecure SHA-1 crypto hash function

Using Ethereum's programming language Solidity, a dev has controversially written code for making data authentication signatures with the insecure SHA-1 cryptographic hash function. Nick Johnson, the London-based Ethereum developer who authored the code, told The Register: "SHA1 is still used by a lot of legacy systems, …
Andrew Silver, 20 Oct 2017

Ethereum blockchain is sailing to Byzantium – hard fork up and running

The latest upgrade to the popular Ethereum blockchain protocol – Byzantium –went live today, adding additional privacy and performance features. Blockchains claim to offer users additional anonymity compared to standard systems because they're decentralised. Bitcoin is focused on cryptocurrencies, while the Ethereum network is …
Andrew Silver, 16 Oct 2017

Ethereum-backed hackathon excavates more security holes

An Ethereum-backed contest has revealed a few new tricks for disguising malware as the harmless code the network uses to transfer and manipulate funds: digital smart contracts. Since Ethereum was introduced in 2015, its security risks have been no secret in the blockchain community. After a $50m hack in 2016, the community …
Andrew Silver, 22 Sep 2017

Ethereum just checked that part of a Zcash transaction was legit

The testnet for Ethereum's next big update has successfully verified an important part of a transaction with the virtual cryptocurrency Zcash, bringing the dream of making the blockchain network more privacy-focused just a tiny bit closer to reality. In blockchain protocols such as Bitcoin, all the nodes have to validate all …
Andrew Silver, 20 Sep 2017

Ethereum will have transaction chops of Visa in 'a couple of years', founder claims

Blockchains might be a bit slow today, but one of Ethereum's founders predicts that in "a couple of years" the popular network will have the same transaction capacity scale as Visa. Speaking at TechCrunch's Disrupt San Francisco on Monday, Vitalik Buterin said Bitcoin can process less than three transactions per second, …
Andrew Silver, 19 Sep 2017

The architecture for sharing tokens across blockchains promises traction

In April, the Cosmos project raised about $17m in half an hour on the promise to someday let users freely share tokens among Bitcoin, Ethereum and other popular blockchain protocols. On Friday at the Global Blockchain Summit in Shanghai, China, the Switzerland-based nonprofit behind it committed that Ethereum support is high …
Andrew Silver, 15 Sep 2017

$30 million below Parity: Ethereum wallet bug fingered in mass heist

A vulnerability in Parity's Ethereum wallet software has been exploited by thieves to rob victims on a massive scale. A few hours ago, Parity told its users to move their ETH holdings from their in-browser wallets to more secure accounts immediately: IMPORTANT: SECURITY ALERT: https://t.co/h5vc0KwAxS Move funds in multi-sig …
Money for nothing by dire straits

Good luck building a VR PC: Ethereum miners are buying all the GPUs

Last month, one of my friends noted he’d been having enormous trouble trying to buy the components to assemble a virtual-reality-ready PC. Motherboards, memory, CPUs and solid state drives were easy to find, but the one absolutely essential component - a beefy GPU to drive a head-mounted display at a vomit-preventing 90 Hz - he …
Mark Pesce, 10 Jul 2017
shutterstock_ledger_check

Bank of Canada finds flaws with current blockchain solutions

Underpinning wholesale payment systems with distributed ledger technology (DLT) would introduce greater costs and risks for institutions than those which apply under existing wholesale payment systems, the Bank of Canada has said. However, a study carried out by the Bank of Canada, into the feasibility of using DLT to create …
OUT-LAW.COM, 1 Jun 2017

Sports blog jocks to crypto-cash nerds – here's who got pwned

Two more websites say they have had user accounts sniffed by hackers. Sports blog network Bleacher Report says that someone may have accessed a database containing user email addresses and passwords, while blockchain development site Ethereum says that a hacker managed to get hold of a database backup that contained the …
Shaun Nichols, 20 Dec 2016
Burning money, photo via Shutterstock

A month to save cryptocurrency Ethereum?

Digital currency Ethereum may have less than a month to live. In just one day, the currency has plummeted in value by nearly a third after it was revealed one of its main backers had been hacked and $50m worth of "ethers" were moved to a different entity. "An attack has been found and exploited in the DAO [decentralized …
Kieren McCarthy, 17 Jun 2016

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