Parity Not to Split Ethereum Blockchain

Pairty technologies will not implement EIP 999 code change
26 April 2018   1319

Parity Technologies issued a statement, according to which they do not plan to implement in their client code that could lead to a split of the Ethereum blockchain.

It was assumed that the EIP 999 would restore $ 264 million blocked on Parity wallet in November 2017 due to a discovered bug.

The statement, signed by the co-founder of the company Gavin Wood and CEO Jutta Steiner, says that she "does not intend to split the Ethereum chain," instead, "working with the community to find a solution."

We have all dedicated a great deal of time and effort to developing the ethereum ecosystem and have no intention of harming what we have helped build.

Parity Statement

In the discussion of possible options for the restoration of frozen funds, the EIP 999 became the stumbling block, because of which people began to talk about the possibility of the early emergence of two parallel versions of the Ethereum blockchain.

Parity write that they "deeply regret" because the money of their users have been frozen, and they admit that they may still have a chance to return their funds.

The company assured the community that after the incident last year, it updated its security policies, including the process of developing smart contracts and signing an agreement with the audit company Trail of Bits.

Parity to Fix Serious Vulnerability

An error that could shut down the computers with ETH nodes was reported by the vice president of blockchain development at Amberdata
30 August 2019   463

Parity Technologies released a new version of the client that fixed a bug that could shut down computers running Ethereum nodes.

The first to discover the vulnerability and report it to Parity was Scott Bigelow, vice president of blockchain development at Amberdata analytic startup. According to him, only a small part of Parity's customers are at risk.

There was a vulnerability that [if exploited] would cause an immediate crash of the Parity client for all its services. There is no possibility to steal funds or do other malicious things but you could shut down some portion of ethereum nodes.

Scott Bigelow

Vice president of blockchain development,  Amberdata

Parity Technologies encouraged users to upgrade their clients to the latest version as soon as possible, especially those where the publicly available RPC and transaction history tracking module are activated.

Remote Procedure Call (RPC) is a protocol that allows you to request program data on third-party servers. In the blockchain industry, it is used to obtain information on balances at addresses, block numbers, and other information.

To date, the Parity client uses about 21% of nodes in the Ethereum network (3257, according to EtherNodes).