Hack-proof Crypto-Safe Smartphone Released

Sikur is a new smartphone, which has the features of a normal smartphone with one unique feature – a built in cryptocurrency software wallet
28 February 2018   465

Mobile World Congress started on February 26, 2018 in Barcelona. The cybersecurity firm Sikur has presented a new smartphone, which has the features of a normal smartphone with one unique feature which will certainly appeal to crypto investors – a built in cryptocurrency software wallet.

The company states that the built-in crypto wallet is absolutely secure – it even hired professional hackers to try and break into the phones system, but none of the attempts turned out to be successful.

sikur smartphoneSikur Smartphone

Sikur smartphone might become the much anticipated security solution for the holders of digital assets, considering the fact that a lot of cryptocurrency exchanges and wallets are being often hacked nowadays.

At the end of second quarter of  2018 we will deliver a crypto wallet inside out platform, expanding the wallet use beyond SIKURPhone, it means that our customers should be able, through a physical device, to securely store their cryptocoins.

Cristiano Lop

CEO, Sikur

20,000 units of SIKURPhone are available in a pre-sale from February 27 at a price of $799, and the first units will be delivered in August 2018.

7 Accounts blocked by EOS BP without Going an Arbitration

EOS is facing another issue just days after its mainnet activation, as the newly elected block producers have frozen 7 EOS accounts on suspicion of being stolen
19 June 2018   49

The backlash began as the block producers did go over arbitration, an integral part of the EOS’s governance system. The critics are certainly questioning the credibility of the project. Jackson Palmer, the creator of Dogecoin and a well-known person in the blockchain industry, questioned the very governance process constructed by EOS and the role of EOS Core Arbitration Forum (ECAF).

The structure of EOS’s governance has been parted into 3 distinct groups - block producers, arbiters, and token holders. This separation resembles the executive, constituency, and judicial, of any governed system respectively. 

On 17 June 2018, the top 21 Block Producers unanimously agreed to protect property that may have been compromised through phishing attacks or other scams where member’s private keys were compromised. The EOS911 initiative was created by EOS42 as a way to prevent victims of private key theft from having their tokens lost once the 72-hour unstacking period ended following the EOS Mainnet Launch. Once that period ended, the thieves would be free to transfer the tokens wherever they’d like, rendering futile any recourse available to the community at this time.
EOS New York, in their recent post

So, in this case, the block producers did not go with the arbitration, rather they only conferred with them. Then the post added:

Foreseeing the process that would be required to act, EOS New York, on a call with BPs and BPCs, requested an expedited review of the merits of the case from ECAF (EOS Core Arbitration Forum) who was also on the call. The idea was that if ECAF found merit in the evidence provided, a formal ruling from ECAF would ask the BPs to “freeze” the accounts in question until such time that a thorough and formal review of the claims could be completed.
EOS New York, in their recent post

This is not the first problem EOS is facing amid its mainnet activation, as within 48 hours of that, the network suspended because of some bug. Though the error only led to a 5-hour network blackout, that is surely not something the team would have expected.