Ethereum Community Fund Created

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the new fund
16 February 2018   1407

Prominent members of the Ethereum ecosystem open a fund designed to support projects developed on the blockchain of the second largest crypto currency. This is reported by CoinDesk.

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the Ethereum Community Fund (ECF). Their goal is to introduce the services on the basis of Ethereum in the infrastructure of companies, which they can be useful.

The fund's founders also intend to launch a grant program that will provide "permanent financial security" to selected projects, the press release said.

The founder of Ethereum Vitalik Buterin directly participates in the work of the fund, in a letter to CoinDesk confirming that he acts as an adviser.

Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help make that possible.
 

Vitalik Buterin

Co-creater, Ethereum

ECF is not the only organization dedicated to the development of the Ethereum ecosystem. Ethereum Foundation, a not-for-profit organization that also makes a significant contribution to the development of the platform, in January announced the launch of two sponsorship programs designed for developers seeking solutions to scale the network. The Enterprise Ethereum Alliance provides resources to companies interested in applying Ethereum, and links Fortune 500 companies with crypto-cash start-ups. 

Another Vulnerability to be Found in Constantinople

Create2 function can replace a self-destructed smart contract, simultaneously changing the rules specified, which could potentially lead to loss of funds
13 February 2019   128

The developers of the Ethereum Foundation reported a new bug in the upcoming Constantinople network update. According to Trustnodes, the detected vulnerability affects some smart contracts with the possibility of self-destruction.

Thus, a function called Create2 can replace a self-destructed smart contract, simultaneously changing the rules specified in it, which could potentially lead to loss of funds.

Selfdestruct doesn’t look particularly dangerous there (pre-Constantinople), because the contract can only go away. Now it can go away and come back with code that transfers all your approved tokens.
 

Jason Carver

Developer at the Ethereum Foundation

He recommended that users carefully study the smart contract code for the presence of a self-destruct function in it without a proper period of inactivity and in that case not interact with it.

Among the possible technical solutions to this problem, developers propose to prescribe in the function Create2 additional protection against replay.

It is expected that the removal of the bug will not affect the date of activation of the hard fork, which should take place between February 26 and 28.

In the middle of last month, an upgrade on the Ethereum network was postponed due to the critical vulnerability in EIP-1283, which potentially allowed attackers to steal users' funds.