Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements
Edgeless project, the Ethereum smart contract-based Casino, shared official announcement regarding Parity hack.
Our official announcement about yesterday's hack! https://t.co/z8nwNkn6Q5
— Edgeless (@edgelessproject) July 20, 2017
According to it, project lost 26 793 ETH ( 5.6 mill $ ) due to hackers attack.
Distributed database that is used to maintain a continuously growing list of records, called blocks
But team had diversified their funds right after an ICO and they have amount to run the project. Additionally, they got funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means that platform launch will happen in Q3. However, team was forced to make some changes in dapp structure. From now it will be purely ran on EDG tokens, since a large part of team's ETH was supposed to be our casino’s bankroll.
That means, if players want to gamble on Edgeless casino, they will need to get EDG tokens.
Also, Edgeless, Æternirty and Swarn City formed a group to address this question. It will be announced in a near future.