Emerald Project is expected by the ETC community

Will Emerald Project solve ETC issues? 
23 June 2017   3325
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Whole Ethereum Classic community is exited due to the Emerald Project. This solution is designed to solve many ETC ecosystem's issues. Additionally, it will provide first major wallet for Ethereum Classic. Emerald Project has many other features, let's get familiar with them.

EMERALD PROJECT IS A BIG STEP FOR ETC COMMUNITY

When Ethereum Classic was created as an Ethereum hard fork, it's ecosystem has slowly gained traction. More and more people have become ETC enthuisiasts. ETC takes the same technology as Ethereum, but it does not support The DAO investors. Also, smart contracts, DApps and other features are supported by ETC.

Despite these advantages, ETC ecosystem has weak sides. There are many wallet solution for ETC, but none of them verify transactions in a trustless way. Creators of Emerald wallet want to change it. Project release date is still unannounced; it is expected in the nearest future.

Emerald Project is more than a simple wallet solution; it is also design to solve other ETC's issues. One common and comfy framework for developing Dapps on top of the Ethereum Classic still doesn't exist. Right now it is very complicated process. Additionally, real UI components and tutorials for third-party developers aren't available too.

At the moment, Dapps developers need to learn whole architecture for development. Also, native tokens and smart contract features need to be written manually. This process is very complicated; Emerald Project is designed to bring solutions for these issues. There is big probability once these issues are solved we are going to see Ethereum Classic integrated into much more products.

The Ethereum Classic developers can divide the Emerald ecosystem into different parts as soon as Emeralt Wallet is released. It will cause the becoming of SDK to a separate project; new Dapp will be created. This will provide access to smart contracts for developers. Also, command-line will also be available.  

The release is planned on 2017. Same for Dapp SDK, which is based in Emerald Project. All these solutions will be interesting for Ethereum Classic community. Ecosystem is growing because of many interesting project, that are developed now.

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   983

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.