Parity Adds Support for Private Transactions and Encrypted Contracts

The implementation of  Private Transactions lets users store, modify, and view code
17 May 2018   931

Ethereum client Parity has released 1.11 Beta version, which now allows users to create encrypted contracts and transactions on-chain and warp-sync to specific blocks. 

The implementation of  Private Transactions lets users store, modify, and view code. Only those users who have permissions viewable by anyone can have access to all contracts and transactions with private transactions on public chains. Moreover, they can work with others in the open behind strong encryption.

Also, Parity has improved Warp Sync to let users get their node up to speed by downloading snapshots of the current state. The users can jump to a minimum block number to make sure they are getting the latest possible snapshot, and built-in safeguards to prevent them from falling back to normal sync methods.

The Parity Ethereum transaction queue implementation was optimized in order to increase performance significantly, and now transaction verification is done in parallel.

Previously, we have reported that Parity Technologies issued a statement, according to which they did not plan to implement EIP 999 code change that could lead to a split of the Ethereum blockchain.

Ethereum Services to be Under New Thread

At the moment, the vulnerability has already been fixed, hackers did not have time to use it
05 February 2019   1110

Specialists from the blockchain-startup Parity Technologies have discovered a vulnerability in the JSONRPC protocol that threatens the security of the entire Ethereum ecosystem. In particular, MyEtherWallet, MyCrypto and Infura services are under threat of hacking.

At the moment, the problem has already been fixed, the attackers did not have time to use it.

The developers of Parity Technologies recommended that users update the nodes to the new software version in order to reduce the risk of losing access to decentralized applications.

Recall that in January, due to the critical vulnerability in improving the EIP-1283, which allows hackers to steal user funds, the hardfork network was postponed indefinitely
Ethereum Constantinople.