Google to Develop Own Blockchain Solution

Company insiders say cloud is natural home for the technology; no comments available from th spokesman
22 March 2018   572

Google is developing its own solution based on distributed ledgr technology, which can be used in the company's cloud services and help it stand out against competitors. This is reported by Bloomberg.

Google can use the blockchain to ensure the security of data storage of its customers.

In addition, Google is developing its own distributed registry, which third-party companies will be able to use to send and verify transactions The launch date for blockchain-based products isn't available.

Several people working in the cloud services division of Google have concentrated their efforts on the blockchain protocols in recent months, another source said, asking not to be named, since the company is not yet ready to make an official announcement. The Google spokesman declined to comment on the situation.

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 netto.io 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.