Blockchain 

Just 2/3 of ETH Nodes Running Parity Have Been Patched Against Critical Security Flaw

Global hacking research collective SRLabs claims that only two thirds of the Ethereum client software that runs on Ethereum nodes has been patched against a critical security flaw discovered earlier this year. The news was reported by business tech website ZDNet on May 17. An SRLabs report ostensibly shared with ZDNet has reportedly revealed that the critical flaw is a denial of service (DoS) vulnerability in the Ethereum Parity client. As SRLabs has outlined, the flaw could enable a hacker to remotely crash legitimate Parity Ethereum nodes by sending malformed…

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Ethereum 

BitMEX Research Finds ‘Potential Bug’ in Syncing of Ethereum Parity Full Node

The research arm of major cryptocurrency trading platform BitMEX has revealed in a blog post on Wednesday, March 13, that its Ethereum Parity full node contains a “potential bug.” The alleged bug was discovered while analyzing data from Nodestats.org — BitMEX Research’s new website designed to collect key metrics on Ethereum nodes. In the same blog post, the exchange also announced the launch of Nodestats today, which it created in collaboration with TokenAnalyst. Nodestats shows key data for Ethereum Parity and Ethereum Geth clients — which BitMEX reports are the…

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Ethereum 

New Ethereum Function Would Have Prevented the Parity Freeze

Parity CEO Jutta Steiner has said that the new controversial Create2 Ethereum (ETH) function would have prevented the Parity multisig freeze. Steiner spoke on the subject during an interview with Fortune published on March 5. As Cointelegraph reported in November 2017, a user “accidentally killed” the Parity multisig library by activating a vulnerability to become the owner of the library, and then self-destructing it. The incident involved 587 wallets holding 513,774.16 in Ethereum, at the time equivalent to about $152 million and about $65 million today. Create2, the new function…

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Blockchain 

Parity Developer Quits Ethereum Projects Amid Outrage Sparked by Recent Tweet

Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. Schoeden spoke to blockchain media BreakerMag on Thursday, Feb. 21. In his tweet, Schoeden reportedly criticized Serenity, also known as “Ethereum 2.0” — a final upgrade for the Ethereum network that brings its mainnet over to a proof-of-stake (PoS) consensus algorithm. The tweet, which has since been deleted, reportedly read: “Polkadot delivers what Serenity ought to be…” Polkadot is Parity’s upcoming protocol aimed at linking…

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Blockchain 

Parity Technologies Fixes Node Vulnerability, Urges All Ethereum Nodes to Update

Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3. Parity, which is a popular technology stack for Ethereum users, said it had received notification of a loophole which would allow an attacker to shut down nodes running its client. “On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node…

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Ethereum 

Ethereum Foundation Announces $5 Million Grant to Parity Technologies

The Ethereum Foundation has announced a $5 million grant to United Kingdom-based company Parity Technologies, according to a post on the official Ethereum (ETH) blog published Jan. 7. According to the post, the grant is for scalability, usability and security work. Namely, this money “will fund Parity’s work on Casper, sharding, light clients, developer tools, QA, audits and infrastructure improvements.” Furthermore, the post explains that funding will be delivered in “several tranches, the first of which supports development that Parity has already completed.” The other parts of funding will be…

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Ethereum 

Parity Launches Beta Version of Tool Stack for Building Blockchains

United Kingdom-based blockchain infrastructure provider Parity has launched a beta version of Substrate, its tool for creating customized blockchains, according to a press release published Tuesday, Dec. 18. The release states that Substrate is designed to provide “maximum technical freedom” while creating blockchains. It supports multiple programming languages, users can make their own consensus mechanisms, and it is compatible with most existing consensus algorithms. Parity is also going to add more consensus mechanisms in subsequent releases, making them hot-swappable and allowing users to switch between different mechanisms without a hard…

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