Parity: new vulnerability found

Are Parity's users fund are in danger again? Let's try to figure it out
07 November 2017   1603

Users' funds on Parity wallets with multi-signature are blocked as a result of activation of a critical vulnerability in a smart contract / library. 

As noted in the statement, a new version of the smart contract from Parity was published on July 20 - a day after the theft of $ 30 million as a result of the vulnerability of the wallet.sol contract. However, the new version also showed problems.

This smart contract / library can be turned into a regular wallet with a multi-signature and set over it with the initWallet function.

On Monday, November 6, one of the users most likely accidentally activated the vulnerability and the contract was given a command to self-destruct, resulting in a lot of wallets with a mulp signature created after July 20, lost the ability to display tokens.

Parity Technologies analyzes the situation and will soon make a statement and instructions.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   354

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.