ICO Race to be held with a prize pool of 1 mln

A new event for crypto startups with the largest ever pitching prize of 1 million is taking place on June 7
04 June 2018   2311

Eidoo is organizing The ICO Race on June 7 to allow ICOs to pitch and compete for $1 million. The winner will be awarded the prize in exchange for tokens. Palazzo Dei Congressi will play host to the event. Each ICO will have a 10-minute pitch in front of a panel. Evaluation will be based on the following key points:

  • solution of the problem;
  • business & token sale model;
  • token sale terms;
  • the pitching team;
  • the quality of the pitch

The panel will consist of Kellerhals-Carrard partner Lars Schlichting, Eidoo CEO Thomas Bertani, Bitfinex CRO Paolo Ardoino, Adm Ventures founder Federico Tosato, d10e CEO Mike Costache and others. Some of the notable speakers at the event are as follows:

Bitfinex will act as the main speaker at the contest. Among the sponsors there will be KPMG, Santiment, CryptoCompare, ParkinGo, Sgame and others.

More event details can be found here.

Potentional Vulnerabilities Found in ETH 2.0

Least Authority have found potentional security issues in the network P2P interaction and block proposal system
26 March 2020   1018

Technology security firm Least Authority, at the request of the Ethereum Foundation, conducted an audit of the Ethereum 2.0 specifications and identified several potential vulnerabilities at once.

Least Authority said that developers need to solve problems with vulnerabilities in the network layer of peer-to-peer (P2P) interaction, as well as in the block proposal system. At the same time, the auditor noted that the specifications are "very well thought out and competent."

However, at the moment there is no large ecosystem based on PoS and using sharding in the world, so it is impossible to accurately assess the prospects for system stability.
Also, information security experts emphasized that the specifications did not pay enough attention to the description of the P2P network level and the system of records about Ethereum nodes. Vulnerability risks are also observed in the block proposal system and the messaging system between nodes.

Experts said that in the blockchains running on PoS, the choice of a new block is simple and no one can predict who will get the new block. In PoS systems, it is the block proposal system that decides whose block will fall into the blockchain, and this leads to the risk of data leakage. To solve the problem, auditors suggested using the mechanism of "Single Secret Leader Election" (SSLE).

As for the peer-to-peer exchange system, there is a danger of spam. There is no centralized node in the system that would evaluate the actions of other nodes, so a “malicious" node can spam the entire network with various messages without any special punishment. The solution to this problem may be to use special protocols for exchanging messages between nodes.