SOMA to release MVP

Decentralized marketplace platform SOMA is going to roll out its MVP app on June 25 to enable mobile trading
13 June 2018   1136

Since April 2018 SOMA has been performing extensive testing on the upcoming MVP. The release is scheduled for June 25. The product enables a mobile trading using SOMA Wallet and a native token SCT. The official Telegram channel has the most updated status on the development progress.

Latest builds include features like:

  • wallet creation, balance check, management;
  • payment methods selection;
  • payment handling ;
  • chat lists with new message types;

The app is going to use the project's own Heimdall protocol for digital representation of physical items and their provenance. SOMA is a decentralized social marketplace and a free-market ecosystem. At the moment of the publication, SOMA market parameters are as follows:

Average price 0.151505 USD
Market cap 817,920 USD
Volume (24H) 6,231 USD

Potentional Vulnerabilities Found in ETH 2.0

Least Authority have found potentional security issues in the network P2P interaction and block proposal system
26 March 2020   982

Technology security firm Least Authority, at the request of the Ethereum Foundation, conducted an audit of the Ethereum 2.0 specifications and identified several potential vulnerabilities at once.

Least Authority said that developers need to solve problems with vulnerabilities in the network layer of peer-to-peer (P2P) interaction, as well as in the block proposal system. At the same time, the auditor noted that the specifications are "very well thought out and competent."

However, at the moment there is no large ecosystem based on PoS and using sharding in the world, so it is impossible to accurately assess the prospects for system stability.
Also, information security experts emphasized that the specifications did not pay enough attention to the description of the P2P network level and the system of records about Ethereum nodes. Vulnerability risks are also observed in the block proposal system and the messaging system between nodes.

Experts said that in the blockchains running on PoS, the choice of a new block is simple and no one can predict who will get the new block. In PoS systems, it is the block proposal system that decides whose block will fall into the blockchain, and this leads to the risk of data leakage. To solve the problem, auditors suggested using the mechanism of "Single Secret Leader Election" (SSLE).

As for the peer-to-peer exchange system, there is a danger of spam. There is no centralized node in the system that would evaluate the actions of other nodes, so a “malicious" node can spam the entire network with various messages without any special punishment. The solution to this problem may be to use special protocols for exchanging messages between nodes.