ICOs to Sell Record Amount of ETH in December

Filecoin is selling digital assets most actively, along with SingularDTV and Kyber
28 December 2018   1511

During the last month, ICO-projects have withdrawn 433.8 thousand coins of Ethereum (ETH), which is a record figure for the entire existence of the crypto-industry. This is reported by research company Diar.

Ethereum withdrawals by ICOs
Ethereum withdrawals by ICOs

ICO-startups withdraw much more money than in the previous two months. At the same time, slightly more than 3 million ethers remain on the balances of projects.

Filecoin is selling digital assets most actively. SingularDTV and Kyber are also highlighted in this context. In November, the Tezos and Aragon projects launched more than 82,000 ETH.

2018 Start of Month ICO ETH Holdings
2018 Start of Month ICO ETH Holdings

According to analysts of The Wall Street Journal, 513 of the 3,300 ICO-projects were plagiarized, promising investors transcendental profits "without any risks."

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   1024

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.