In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.
In what may be the most meta and nerdy application of the blockchain yet, artist Max Dovey has created a set of ‘Magic: The Gathering’ style trading cards featuring Ethereum mining rigs that can be traded on the Ethereum blockchain.
Source: vice.com
We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time. We are announcing this both internally and to the public as consistent with our process for adding new assets.
Two years ago, when we began taking on blockchain security engagements, there were no tools engineered for the work. No static analyzers, fuzzers, or reverse engineering tools for Ethereum.
Source: trailofbits.com
A DAPP (Decentralized Application) consists of back-end code that runs on a decentralized peer-to-peer network. A DAPP can also have a user interface, created by front end code that makes calls to the back end. DAPPs do not require a central authority to function: they allow for direct interaction between users and providers.
Source: towardsdatascience.com
The SEC’s decision to aggressively police cryptocurrency offerings is particularly significant for the Ethereum community because many new cryptocurrency offerings are built on top of the Ethereum platform. People creating a new token on the Ethereum blockchain need to buy ether, the currency used to pay for Ethereum transactions. So if aggressive SEC enforcement ends the Initial Coin Offering (ICO) boom—which seems to be cooling anyway—it would remove a major factor that pushed ether’s value upward during 2017.
Today we released Echidna, our next-generation EVM smart fuzzer at EthCC. It’s the first-ever fuzzer to target smart contracts, and has powerful features like abstract state-machine modeling and automatic minimal test case generation. We’ve been working on it for quite some time, and are thrilled to finally share it with the world.
Source: trailofbits.com
Bitcoiin—an Etheruem-based token that is not associated with Bitcoin—markets itself as the “next generation of Bitcoin” and is selling tokens to investors after recently completing an Initial Coin Offering (ICO) that the startup claims raised $75 million USD. “In actuality,” a cease-and-desist order filed on Wednesday by the State of new Jersey Bureau of Securities reads, “Bitcoiin is fraudulently offering unregistered securities in violation of the Securities Law.” Whoops!
A scan of nearly one million Ethereum smart contracts has identified 34,200 vulnerable contracts that can be exploited to steal Ether, and even freeze or delete assets in contracts the attackers don’t own.
Source: bleepingcomputer.com
Developers of Ethereum, the world’s No. 2 digital currency by market capitalization, have closed a serious security hole that allowed virtually anyone with an Internet connection to manipulate individual users’ access to the publicly accessible ledger.
Source: arstechnica.com