Parity Not to Split Ethereum Blockchain

Pairty technologies will not implement EIP 999 code change
26 April 2018   1033

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.

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   494

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.