Infinity Economics to release its crowdfunding platform

Infinity Economics is launching a crowdfunding platform on April 7 as the network hits 655,000 blocks mark
26 March 2018   532

Blockchain financial ecosystem Infinity Foundation has announced it's releasing the crowdfunding platform on April 7 as the network sets a 655,230th block milestone. Along with this announcement the project also setup several feature release block further: as the height of the blockchain gets to a certain point, the specific feature is activated automatically. The coming features include shuffling, subscription, escrow and smart contracts.

Infinite Economics sees great potential in idea realization through democratic methods, i.e. crowdfunding: all that's necessary is the initiator, the donators and the platform that serves as a bridge to bring the parties together. Nevertheless, the biggest disadvantage of the current approach is fees: payment processing fees, raised amount fee, etc. Having a built-in currency feature, Infinite Economics offers fully automatic decentralized solution for fast and affordable crowdfunding that may include projects in arts, medicine, travelling, charity, social entrepreneurship and many others.

The company as a whole provides a decentralized and transparent system that allow transactions to be processed peer-to-peer over the blockchain. It recently partnered with LiveTree (blockchain based end-to-end production and distribution platform for TV and film) to offer loans to content makers through LiveTree's platform. As of the moment of the publication, the market indicators for Infinite Economics are as follows:

Average price: $0.015670

Volume (24h): $296,990

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.