Buterin Donated $763k to Fight Possible AI Rise

Creator of Ethereum donated $763k worth ETH to Machine Intelligence Research Institute
22 February 2018   10243

The non-profit organization Machine Intelligence Research Institute (MIRI), which studies potential hazards of artificial intelligence, published data on donations collected in December last year. As it turned out, 66% of the funds were received in the crypto currency, Bitcoin.com reports.

66% of the funds donated during the campaign were in the cryptocurrency (mostly Bitcoin and Ethereum). The largest transfer came in the end - $ 763,970 in Ether from Vitalik Buterin. This was the third largest donation in the history of the organization after a $ 1.25 million grant from the Open Philanthropy Project in October and $ 1.01 million in Ethereum in May.

It should be noted that the main goal of MIRI is to create a secure artificial intelligence, as well as to study the potential dangers and opportunities that may arise when creating AI. The organization has representative offices in the USA and Canada.

The total amount of MIRI donations in December 2017 was $ 2,515,148 - twice the initial target of $ 1.25 million.

Potentional Vulnerabilities Found in ETH 2.0

Least Authority have found potentional security issues in the network P2P interaction and block proposal system
26 March 2020   986

Technology security firm Least Authority, at the request of the Ethereum Foundation, conducted an audit of the Ethereum 2.0 specifications and identified several potential vulnerabilities at once.

Least Authority said that developers need to solve problems with vulnerabilities in the network layer of peer-to-peer (P2P) interaction, as well as in the block proposal system. At the same time, the auditor noted that the specifications are "very well thought out and competent."

However, at the moment there is no large ecosystem based on PoS and using sharding in the world, so it is impossible to accurately assess the prospects for system stability.
Also, information security experts emphasized that the specifications did not pay enough attention to the description of the P2P network level and the system of records about Ethereum nodes. Vulnerability risks are also observed in the block proposal system and the messaging system between nodes.

Experts said that in the blockchains running on PoS, the choice of a new block is simple and no one can predict who will get the new block. In PoS systems, it is the block proposal system that decides whose block will fall into the blockchain, and this leads to the risk of data leakage. To solve the problem, auditors suggested using the mechanism of "Single Secret Leader Election" (SSLE).

As for the peer-to-peer exchange system, there is a danger of spam. There is no centralized node in the system that would evaluate the actions of other nodes, so a “malicious" node can spam the entire network with various messages without any special punishment. The solution to this problem may be to use special protocols for exchanging messages between nodes.