Gnosis prediction platform announces Gnosis X launch

Gnosis X, to be launched on March 19, to give tools for developers to make their own prediction apps on the platform, also a regular competition is announced
16 March 2018   591

Gnosis X will be launched on March 19, 2018. The launch will release tools for developers, scientists and businesses to make their own custom prediction software on top of existing Gnosis platform.

Prediction markets are essentially a forecasting tool, useful in many cases. Predicting traffic flow and customer demand may seem less important than, for example, epidemics and dangerous anomalous weather prediction, but is no less hard. Global economy also shouldn't be forgotten here, because predicting future fluctuations based on the existing data has long been the recipe to success in a hard field such as this. All this requires immense work to collect and process data. And here, decentralization of computing power and information sources comes in.

Gnosis is the platform which decentralizes prediction markets and allows for better and more accurate prognosis of coming events. Predicting future events with even a passable accuracy is quite hard, but very important in many cases. And so, Gnosis plans to release their tools and give access to underlying algorithms, so more people in different spheres can benefit from it.

Also, the company plans to hold regular competitions for the best forecasting tool in the specific field, based on Gnosis platform. The challenge will be held throughout the year with company announcing different categories for prediction market usecases, with the first ones being released in March. And the best application in each category will grant the developers a sizable prize of $100 000 equivalent in GNO tokens.

At the time of publishing the GNO has following market parameters:

Average price: $83,57

Market cap: $92 307 604

24h volume: $312 010

Ethereum VM May Have Vulnerability

The vulnerability is reported by NettaLab Twitter account
12 November 2018   65

On November 9, a statement appeared in Netta Lab’s Twitter account that the organization discovered a vulnerability in the Ethereum virtual machine that allows to execute smart contracts endlessly without paying for gas online. The researchers also allegedly turned to the operator of the American database of vulnerabilities, where they registered the corresponding discovery.

Netta Labs discovered an Ethereum EVM vulnerability, which could be exploited by hackers. The vulnerability can cause smart contracts can be executed indefinitely without gas being paied.

Netta Lab's Twitter

At Netta Lab's request, Google demonstrates the site of the project, which specializes in auditing smart contracts under the Netta Lab brand, but the Twitter accounts of the projects do not match. Note that the profile that reported the vulnerability was registered in November.

Many users expressed doubts about the authenticity of the information that appeared, but then the creator of the NEO project Da Hongwei said that he spoke with the CEO of Netta Labs and asked the researchers to audit the NEO virtual machine.

Nevertheless, Vitalik Buterin wrote on Reddit that this is a vulnerability in the Python-implementation of the virtual machine, which was first reported on GitHub 9 days ago. This means that the main clients (go-ethereum; parity and cpp-ethereum) are not affected.