Parity announces final Byzantium release

Parity has announced its final Byzantium release ahead of Ethereum hardfork
14 October 2017   1440

The second-largest provider of ethereum protocol software, Parity, has announced its final Byzantium release just days before Ethereum is to undergo a hardfork to upgrade its blockchain.

Thus, Parity's release was found to contain "consensus bugs" in the software that would force network nodes, the computers underlying the blockchain, to split onto a different version of the protocol.

As far as Parity is responsible for maintaining the software that runs nearly a quarter of the nodes on the Ethereum blockchain, the delay in releasing code caused panic and even led Ethereum's developer team to consider delaying the fork earlier today, as detailed by coindesk.com.

For now, it looks as though the Parity team has rescued the situation – Bzyandtium hardfork is scheduled for block 4,300,000 (about two days from now). Parity developer, Afri Schoedon, argues that although the client's team considered proposing a delay, it would be more complicated due to the work that's already been done in an attempt to execute it.

Pushing a fix for one client implementation is easier than pushing an update containing the delay for all clients, especially if this happens on such a short notice.
 

Afri Schoedon
Parity developer

According to the team, an announcement  that will include more details about testing and features is forthcoming.

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   174

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).
 

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.