Nexus Mutual was created to protect DeFi investors against hacks. Now the CEO of the platform himself has fallen victim to an attack.
Nexus Mutual was created to protect DeFi investors against hacks. Now the CEO of the platform himself has fallen victim to an attack.
The CMS provider WordPress has integrated an Ethereum plugin, which allows users to place automated advertising. The income automatically flows into your own Ethereum wallet.
Ethereum Classic Labs and the UNICEF Innovation Fund are working together to develop blockchain-based solutions to some of the world’s most pressing problems. Here’s a look at the first three projects selected to receive funding and other support – and how they aim to improve people’s lives.
thereum has become the blockchain of choice for many developers of decentralized applications (dApp). Ethereum has by far the largest developer community, even surpassing Bitcoin’s. Still, there have been more and more serious projects recently that could erode Ethereum. The three most promising Ethereum competitors under the microscope.
After several years of development, the first phase of Ethereum 2.0 has started. The major upgrade has been in the planning stage since 2015 and the fact that it is far more difficult to change the engine in a moving vehicle than to build from scratch speaks for itself. That is why many former ETH developers took the opportunity and developed their own blockchain. Will Ethereum lose its first mover advantage?
Good things will take a while: After the last hard-fork date for the Ethereum network was postponed at the last minute, the Constantinople update ran without incident this time. Not least because this time the developers did not integrate the Ethereum Improvement Proposal EIP 1283. The latter included the potential security flaw that was responsible for the January 15 Constantinople cancellation. Test networks incorporating EIP 1283 underwent the St. Petersburg update, which was synchronized with Constantinople and just as successful.
The developers of the Lightning Network recommend an immediate upgrade to version 0.11 or higher. All node operators of the Lightning Network who are using an LND version from before October 1st are asked to immediately upgrade to version 0.11. The reason for this is that a security hole was found in LND version 0.10, which also affects all versions before that.
The corresponding security hole was communicated on October 9th by Lightning developer Conner Fromknecht. In this regard, he explains:
“Although we have no reason to believe that this vulnerability is already being exploited, we urge the community to immediately update to LND version 0.11 or higher.”
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Satoshi himself proposed the first version of payment channels [1]. The Lightning Network paper has zero authors from Blockstream [2]. At least two other entirely independent companies are working on Lightning Network implementations [3][4]. It’s well understood how trustless LN transactions work [5]. The spec [6] and code are open source, feel free to look for a “backdoor”.
[1] https://en.bitcoin.it/wiki/Payment_channels#Nakamoto_high-frequency_transactions
[2] https://lightning.network/lightning-network-paper.pdf
[3] https://github.com/lightningnetwork/lnd
[4] https://github.com/ACINQ/eclair
https://github.com/bcongdon/awesome-lightning-network
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