Archive for the ‘Crypto News’ Category

ethereum-hard-fork

The plans for the upcoming Ethereum hard fork that is designed to fix the issues around the DAO situation have been published, with the hard fork planne to take place at block number 1922000 that should hit around 20th of July though it may depend on your time zone. The idea is to have the hard fork take place shortly before the 21.07, which is the date in which the DAO attacker can split. Some of the Ethereum clients such as Parity and the most widely used Geth have a hard-fork implementation for The DAO now, though they have not released updates for the hard fork yet. Other clients like pyethereum, or libethereum already started their implementations of the hard-fork, so it is certain that they will release a new version including the hard fork with the same date. Do note that you will need to update your local Ethereum client before the planned block in order to ensure that you will be able to continue using it after block 1922000. With hard forks you need to update your client in order for it to continue operating properly on the network as it includes mandatory changes making older releases incompatible.

Ethereum is also extending their bounty program to include vulnerabilities found in the hard fork specification. This includes the specification itself, the associated smart contract code that is defined in the specification, and the implementations in geth, cpp-ethereum, parity, and pyethapp clients. So people that find issues in the code and report them can be rewarded for their efforts and at the same time they will be making Ethereum safer and more problem free for use in the future.

To read more details about the upcoming hard fork of Ethereum intended to resolve the DAO situation…

official-litecoin-logo

The Litecoin Association in cooperation with the Litecoin Core development team has published the much anticipated 2016 Litecoin Road Map. This road map intends to convey recent developments in both the association and core endeavors and it offers a vision and plan for the future. Litecoin has received a lot of critique form users that they do not have visible plans for further developing and establishing Litecoin as one of the top altcoins and thus LTC was slowly getting out of the radar not only for miners, but for crypto currency users. This was happening everywhere aside from China where the interest in LTC is still very strong partly probably because most of the Litecoin mining happens in that region. The new Litecoin road map should calm the people that the Litecoin project is still being worked on and aside from development of the Litecoin Core wallet, there is also work going on LoafWallet – iOS-based LTC wallet, Electrum-LTC – Android and PC wallet, LiteTip – a Litecoin tip bot, support for Litecoin on Lamassu ATM and others. So don’t be too quick to abandon ship as Litecoin may soon make a nice comeback, especially considering the recent issues that Ethereum had with the DAO and the problem still not fully resolved.

To read the complete Litecoin Core and Litecoin Association Road Map 2016 (PDF)…

the-dao-is

If you are wondering what is the reason for the sudden drop of the exchange rates of Ethereum all around, well it seems that the DAO has been attacked an somebody apparently found a way to steal a lot of ETH coins. There is still not a lot of official information regarding the issue, but until the situation is resolved and everything is clear you should be very careful trading DAO tokens and Ethereum Ether coins. It seems that the smart contracts are as smart as their authors and wherever there are a lot of money stored with automated control they always attract people willing to find a way to steal them, especially if they are not secured well enough. This could as well be the end of DAO if the situation is not taken care of good enough, but it will undoubtedly also hurt Ethereum. Hopefully things will soon clear out and we would be able to continue with the usual things like mining etc.

For more details about the current situation and how you might be able to help…


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