А digital revolution is around the corner

Digital Revolution is around the corner
23 June 2017   4195

The two worldwide famous enterprises, namely an Estonian legal startup Agrello and Blockchain Development Corp ViewFin have recently declared their partnership on Digital Identity Implementation, that can be surely related to “smart agreements”.

The most strategically important reasons of their software success are following:

  • no coding or legal skills required
  • easy to set up
  • automated engine
  • legally binding agreements

During the “Blockchain and Finance Conference” (BFC2017)  Allegro announced that they were going to use an unique technology and graphical interface to develop a shared digital identity engine.

Among  key reasons for their choice to develop on Ethereum, Hando Rand, Agrello CEO listed several such as

-the maturity of the Ethereum ecosystem

-the continuous efforts by the Ethereum Foundation to overcome regulatory hurdles

According to the announcement on their unexpected clever agreement, Agrello will release an Ethereum-based token in its upcoming ICO but they are also going  to remain compatible with other blockchain environments, namely Metaverse, Antshares, Lisk, Qtum, RSK, Ethereum Classic and NEM at last but not least.

Thus, the optimised system for the Ethereum ecosystem by Allegro will definitely be a success.

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   1011

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.