Beam Wallet Vulnerability Found

Cryptocurrency itself was launched only a week ago
10 January 2019   956

The developers of the private cryptocurrency Beam based on the MimbleWimble protocol have discovered a critical vulnerability in the Beam Wallet wallet, affecting both the desktop version and the CLI implementation.

The project team urged users NOT to delete the wallet database, because the vulnerability does not affect private keys or passwords.

At the same time, the developers offered users five simple steps.

  1. Stop your currently running Beam Wallets immediately.
  2. Uninstall or delete your Beam Wallet application and executables from all machines. DO NOT DELETE THE DATABASE or any other wallet data
  3. Make sure the application was deleted. Check the documentation for the location of Wallet app files
  4. Download Beam Wallet again from the website only. It will have THE SAME version numbers as previously published archives. Make sure the SHA256 of the archive matches with the one published on the website.
  5. Install the new application

Beam was launch a week ago, in a day of Bitcoin genesis block 10th anniversary  

Cobalt & Lithium Supplies to be Tracked With DLT

The platform will be created by the Everledger together with Circulor using Hyperledger Fabric
26 March 2020   841

Everledger, a British startup, has partnered with Circulor to develop a platform based on the Hyperledger Fabric blockchain to track supply chains of cobalt and lithium.

Everledger specializes in using blockchain to combat counterfeiting of precious stones, in particular diamonds. The company’s management said it intends to expand its business using blockchain to control the supply of rare minerals used in the production of batteries.

Well-known carmaker Mercedes Benz is already using Circulor technology to track its supply of cobalt and its carbon footprint. Circulor and Everledger share a similar concept - with the help of the blockchain they control the observance of social and environmental standards in mining. Therefore, startups decided to develop a joint product.

Everledger co-founder Leanne Kemp and Circulor CEO Doug Johnson-Poensgen said their solution will work on the Hyperledger Fabric blockchain. The possibility of interacting with IBM is also being discussed.

Poensgen added that the platform will be used not only to track cobalt production in the Democratic Republic of Congo, but in different regions of the world. For example, lithium mining in the Atacama desert leads to water pollution, so the solution on the blockchain is aimed at preventing environmental disasters.