The primary expense that must be paid by a blockchain is that of security. The blockchain must pay miners or validators to economically participate in its consensus protocol, whether proof of work or proof of stake, and this inevitably incurs some cost. There are two ways to pay for this cost: inflation and transaction fees.

I’m joining Ethereum as a formal verification engineer. My reasoning: formal verification makes sense as a profession only in a rare situation where the verification target follows short, simple rules (EVM); the target carries lots of value (Eth and other tokens); the target is tricky enough to get right (any nontrivial program); and the community

Stay Updated Subscribe to get email notifications about the topics you care about. Choose from research, events, security updates, and more. Subscribe to Newsletter Source link

URGENT ALL MINERS: The network is under attack. The attack is a computational DDoS, ie. miners and nodes need to spend a very long time processing some blocks. This is due to the EXTCODESIZE opcode, which has a fairly low gasprice but which requires nodes to read state information from disk; the attack transactions are

Today the network was attacked by a transaction spam attack that repeatedly called the EXTCODESIZE opcode (see trace sample here), thereby creating blocks that take up to ~20-60 seconds to validate due to the ~50,000 disk fetches needed to process the transaction. The result of this was a ~2-3x reduction in the rate of block

During the last couple of weeks, the Ethereum network has been the target of a sustained attack. The attacker(s) have been very crafty in locating vulnerabilities in the client implementations as well as the protocol specification. While the recent patches have led to an overall increased resiliency in the client implementations, the attacks have also

The Ethereum network will be undergoing a hard fork at block number 2463000, which will likely occur between 12:00 and 13:00 UTC on Tuesday, October 18, 2016. A countdown timer can be seen at https://fork.codetract.io/. As a user, what do I need to do? Download the latest version of your Ethereum client: What happens if

Mist leaks some low level APIs, which Dapps could use to gain access to the computer’s file system and read/delete files. This would only affect you if you navigate to an untrusted Dapp that knows about these vulnerabilities and specifically tries to attack users. Upgrading Mist is highly recommended to prevent exposure to attacks. Affected configurations: All

One of the important indicators of how much load the Ethereum blockchain can safely handle is how the uncle rate responds to the gas usage of a transaction. In all blockchains of the Satoshian proof-of-work variety, any block that is published has the risk of howbecoming a “stale”, ie. not being part of the main

Summary: In some situations, variables can overwrite other variables in storage. Affected Solidity compiler versions: 0.1.6 to 0.4.3 (including 0.4.4 pre-release versions) Detailed description: Storage variables that are smaller than 256 bits are packed together into the same 256 bit slot if they can fit. If a value larger than what is allowed by the