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Ethereum: Constantinople Hard Fork because of gaps in security to be cancelled

the The Ethereum development team has canceled the long-awaited Hard Fork Constantinople. Reasons for security vulnerabilities detected by the Analysis chain s

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Ethereum: Constantinople Hard Fork because of gaps in security to be cancelled
the The Ethereum development team has canceled the long-awaited Hard Fork Constantinople. Reasons for security vulnerabilities detected by the Analysis chain security. The Update would have opened a security vulnerability in Smart Contracts.

By Phillip Horch
16. January 2019BTC$3,593 K,27 -0.43%part Facebook Twitter LinkedIn xing mail

The team of developers of Ethereum has the Constantinople Hard Fork is cancelled for the time being. This was in response to a release of the security company chain security. It had discovered a security vulnerability, the Reentrancy-attacks on Smart Contracts.

Constantinople would have Solidity, Smart Contracts affected

Solidity is one of the most popular programming language for Smart Contracts. (How to program with Solidity, Smart Contracts, you can find here. What is it about Smart Contracts at all, you can find here.) With the Constantinople-Update the cost of Smart Contracts would have been reduced. However, it would have opened up a security gap for potential attackers, such as chain security explained here. As a result, a so-called "Reentrancy" - attack would have been possible.

so Far, apparently, no Smart Contracts

How chain security affected reported the vulnerability, however, are so far not affected, only the Smart Contracts of the security breach.

As the Ethereum-team of developers in your blog entry emphasized, however, need to do most of the Ethereum users nothing. Since the Update has not been performed, could not be in the vulnerabilities exploited in the past. Only a Miner, operator Nodes, and Exchanges need to update their Geth or Parity Instances, as soon as they are released.

so Far, the Ethereum Community was not a new date and a new Block for Constantinople. To Ethereum, so faster, better, and cheaper, it will probably take a bit longer. Vitalik Buterin has at the time of writing (16. January 07:35), as yet, no Twitter comment announced.

also Read: Ethereum: Constantinople, the Hard Fork is in January

Ethereum-rate drops slightly

In the meantime, the Ethereum decreased-rate to the current level of 122 USD. In the last 24 hours of the Ethereum course lost almost five percent. Thus, Ethereum is again in third place, behind Bitcoin and Ripple.

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