Ethereum client update sets hardfork date

Ethereum client has upgraded its code to enforce the upcoming Byzantium upgrade
05 October 2017   3037

A tentative date for the Metropolis update Byzantium has been revealed by the developers team. Thus, Ethereum core developers Hudson Jameson, Péter Szilágyi, Ethereum founder Vitalik Buterin, and others revealed that Byzantium upgrades will be implemented around October 17th. The hard fork for Byzantium is scheduled to launch on block 4,370,000.

Now, the Ethereum's client has upgraded its code to enforce the upcoming Byzantium upgrade.

With the Geth (the code from Go Ethereum) release, the network moves closer to implementing the first of two parts in the wider Metropolis upgrade. The addition of the code to Geth is notable because it greatly increases the likelihood that the upgrade will happen at that time.

According to the code release, anyone running an Ethereum node with Geth is requested to update their software to "ensure a smooth transition". On top of that, Ethereum developer Peter Szilágyi advises node operators to update their software at least a week prior to the mainnet launch. Other clients, such as Mist, will issue updates in the coming dates, Szilágyi predictes.

Please give yourselves ample time to switch to the 1.7.x series (1.7.1 specifically for Byzantium) before the hard fork to avoid any surprises as the series does contain non-trivial database optimizations ([it] also gives us time to fix anything if something doesn't work as it should).
 

Peter Szilágyi
Ethereum developer

The upcoming hardfork is to feature a variety of improvements including increased speed and ramified security. 

Ethereum price chart on coinmarketcap.com
Ethereum price chart on coinmarketcap.com

Meanwhile, at the time of writing, Ethereum price is about $292.64, its market capitalization is $27,787,599,110.

Synthetix Hacked, 37M sETH Stolen

This asset has extremely low liquidity in the secondary market, so it's hard to understand the value of stolen assets
25 June 2019   221

The platform for the release of synthetic assets using the blockchain of Ethereum Synthetix was attacked, which resulted in the seized 37 million sETH stolen, The Block reports. Estimating the value of these assets is problematic due to their low liquidity in the secondary market.

There has been an incident with the price feed of sKRW, we are currently investigating the root cause, but during the time when the price feed was returning the wrong value we believe an automated arb bot converted into sKRW and then into sETH.
 

Kain Warwick

CEO and Co-Founder, Synthetix

Warwick asked the bot owners to contact the platform to help eliminate the vulnerability and offered a reward. According to information from the Synthetix Discord channel, the team has full control over smart contracts and does not intend to resume transfers in the system until the problem is resolved.

According to The Block analyst Theo Leibowitz, the advantages of Synthetix are leveled by the vulnerability of the mechanisms for ensuring the value of synthetic products produced using the platform, which makes its users at significant risk. "The irony of this situation is that the currently suboptimal design of the Synthetix platform makes it's actually very difficult to realize gains from this kind of attack", he said

sETH is a synthetic version of Ethereum in the Synthetix system and can be used for trading on the project's stock exchange. The platform uses its own token SNX, which is necessary for the release of synthetic assets based on it.