Ethereum: Second largest cryptocurrency continues to battle troubled waters

in ethereum •  7 years ago 

Ethereum, the second largest cryptocurrency in the crypto market is amidst further discussions and deliberations. Current worries of the company arises from the mishap that happened last year. Ethereum was hacked in the month of July and lost 150,000 Ether again in November. This has triggered fresh discussions on the question of faulty transactions.Source

The hack touted as Parity hack arose from a change in multi-signature wallet software executed by Parity Technologies in early 2017. This was an initiative to drive down costs. The team decided to put functionality that's common to many smart contracts and wallets, in a repository known as a library. The rewritten code exposed weakness which was exploited by a hacker who goes by the name devops199.2018062815402377.jpg

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