Why A Vote To Release Parity Locked Funds Evoked So Much Controversy By Cointelegraph


#EIP-999: Why A Vote To Release Parity Locked Funds Evoked So Much Controversy

Parity’s recent call for a vote on their submitted EIP-999, which would allow for affected users to regain access to their assets stored in the multisig wallet, caused a stir within the community, even prompting Vitalik Buterin himself to call for a boycott of Consensus 2018, stating “sensationalist” coverage of EIP-999 as part of the reason.

The situation started with the July 2017 Parity hack, which resulted in the loss of 150,000 Ethereum (ETH). Parity fixed the vulnerability in the code, but unfortunately the redeployed smart contract code came with yet another vulnerability. This new vulnerability was accidentally exploited by a Parity user in Nov. 2017, causing over 513,774 ETH held in 587 different wallets to be frozen.

Continue Reading on Cointelegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Related Posts

Add Comment