Ethereum testnet attacked

Ethereum testnet is reported to be under spam attack
04 October 2017   1513

A version of the Ethereum blockchain used to test a forthcoming network upgrade is reported being under spam attack.

The attack consists of a Ropsten address swarming the blockchain with thousands of auto-generated, faulty transactions. Since its start, the attacks have continued in waves, "leading the spammer and the developers into a game of cat-and-mouse to keep the fake transactions from interrupting the network". 

At the time of writing, it seems that the developers have successfully staved off the attacker by raising the cost of transactions. Ethereum developer Casey Detrio believes the attacker will not delay the Byzantium test period. The man told to on coindesk.com:

It's only a distraction and inconvenience.
 

Casey Detrio
Ethereum developer 

Still, it's not exactly clear to the developers why someone would attack a test blockchain.  The disruptions occurred when the developers were testing Byzantium, an upcoming hard fork of the platform. As reported, the spam attack resulted in turning of some developers into a more secure test environment, Rinkeby.

The developers assure there's no reason to believe the attacker will delay the hardfork, which is planned for October 17th. 

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   161

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).
 

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.