Toronto to host EDCON 2018

Community Ethereum Development conference is going tobe held in Toronto on May 3 - 5 to cover latest Ethereum trends and developments
16 April 2018   205

Chinese company LinkTime in partnership with Ryerson University and Unitimes is organizing a nonprofit global conference EDCON at Ryerson University on May 3 through May 5. The conference aims to enhance communication and integration within multiple parts of Ethereum community. The event is set to cover a wide range of hot topics about the platform including PoS / Casper, scalability, cryptography / privacy, security and others. Current trends and blockchain based projects, applications, community building and development are going to be discussed as well. A feature of the event is a superdemo contest - a chance for talented startups and teams to present their active projects with a prize of ETH and a membership in the Blockgeeks platform.

The list of speakers include Ethereum platform founder Vitalik Buterin, LinkTime founder Pandia Jiang, ConsenSys founder Joseph Lubin, Omise founder Jun Hasegawa, Gnosis CTO Stefan George and many others. For a full agenda, please see the following link.

EDCON is designed to be a conference series that happens once a year in different countries. This event is going to be the second in the history with the first one held in ESCP Europe, Paris last year in Fenruary.

At the moment of publication, Ethereum market parameters are as follows

  • Average price: $506.38
  • Market cap: $50,061,090,274
  • Volume (24H): $1,726,300,000

EIP-999 Debate to Divide ETH Community

EIP-999 is designed to unfreeze the Parity wallet frozen ETHs
24 April 2018   105

Disputes over one of the most ambiguous proposals for improving Ethereum (EIP) are inflaming with renewed vigor. This reported by CCN.

EIP-999, written by Parity Technologies developer Afri Schödön, suggests updating the Ethereum software in such a way to return owners access to 513,000 ETH, frozen in the Parity wallet.

These funds, which are estimated at about $ 330 million today, were frozen in November of last year after the GitHub user, under the pseudonym devops199, discovered, as he himself says, a random bug in the source code of the contract, which allowed him to destroy the library.

As a result, about 600 wallet holders lost access to their money, including Polkadot, the project of former technical director Ethereum and founder of Parity Gavin Wood. At the Polkadot wallet, there are currently over 306,000 ETH or about $ 200 million at the current exchange rate.

This proposal is necessary because the Ethereum protocol does not allow the restoration of self-destructed contracts and there is no other simple way to enable the affected users and companies regaining access to their tokens and Ether.
 

Afri Schoedon

Developer, Parity Technologies

Previous EIPs with such proposa have faced a sharp rejection of the Ethereum community. EIP-999 has also been criticized, because the only problem that it proposes to solve is to unfreeze the funds on Parity's wallet.

Voting on the Etherchain portal, in which any holder of Ethereum can participate, signing a message with the help of their wallet, where the weight of each voice is equivalent to the amount of ETH on the wallet, showed that there is no agreement. Holders of 52.6% of funds or about 1.6 million ETH voted against the update.

EIP999 Voting
EIP999 Voting

However, social media users have raised two major criticisms of the poll. First, the poll allows contract creators to vote for the funds stored in those contracts — even if they are multi-sig wallets. Consequently, Polkadot was able to use its 306,000 ETH — which are not spendable unless EIP 999 or another similar measure is enacted — to vote in favor of the proposal.