Skip to content

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

‘High-Risk Vulnerabilities’ Discovered Within the EOS Blockchain 4 Days Before Mainnet Launch

Posted on mei 29, 2018mei 30, 2018 by Blockchain News

‘High-Risk Vulnerabilities’ Discovered Within the EOS Blockchain 4 Days Before Mainnet Launch

‘High-Risk Vulnerabilities’ Discovered Within the EOS Blockchain 4 Days Before Mainnet Launch

Leading Chinese digital security firm Qihoo 360 reported of detecting a series of “epic” security vulnerabilities in the EOS network early on March 29th. These faults could allow potential attackers to gain remote access and control over any EOS node, which could have resulted in disastrous repercussions for the whole EOS network.

Since the attackers would be able to control any EOS node, simply said they could do whatever they want, including publishing malicious smart contracts, dig up cryptocurrencies, based on EOS, steal the key of EOS super node, control transactions on the network or even acquire user data, including the wallet keys.

Luckily such major faults were discovered by a security firm instead of some hackers, which would have resulted in an enormous hit not only to EOS but crypto sphere overall, as EOS currently ranks as the 5th-largest digital currency by market cap.

Qihoo 360 expanded on the issue in a Weibo post, stating that, “The series of new security vulnerabilities discovered by the 360 security team in the smart contract virtual machine on the EOS platform is a series of unprecedented security risks. Security researchers have not found such problems before. This type of security issue affects not only EOS but also other types of blockchain platforms and virtual currency applications.“

EOS has been gearing up for its upcoming mainnet launch which was scheduled for the 2nd of June. Qihoo 360 immediately reported the problems to the EOS team and their representative assured the mainnet launch will be held off should the bugs could not be fixed on time.

Understandably, EOS asked not to publicize the vulnerability, fearing the decrease in price of their token. While the news still broke out, it has been fixed on the same day, according to Cointelegraph, suggesting the mainnet is still due to be launched with no delay.

Qihoo 360 remained hopeful that “The discovery and disclosure of this loophole will cause the blockchain industry and security peers to pay more attention to the security of such issues and jointly enhance the security of the blockchain network.”

While such news might hurt EOS in short-term, as their token was the only one sliding in an otherwise profitable day for major cryptocurrencies, the long-term effects might prove to be beneficial. Collaboration with such a prominent and respected security firm will likely result in improving the overall security of EOS blockchain before the anticipated launch date and might even prevent further attacks on the network.

Image Source: “Flickr”

The post ‘High-Risk Vulnerabilities’ Discovered Within the EOS Blockchain 4 Days Before Mainnet Launch appeared first on Toshi Times.

Source: Toshi Times

Ledger Nano X - The secure hardware wallet

Geef een antwoord Reactie annuleren

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Recente berichten

  • Coinbase extends request for builders to expand ecosystem via Base Fund
  • Do Kwon to reportedly appeal against court’s decision to extend detention
  • Helium bottoms out in oversold territory- here’s what investors can expect next
  • Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
  • Long-Term Holders Are Moving Away From One Ethereum DeFi Altcoin, Says Analytics Firm Santiment

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2023 Blockchain News Feed | Design: Newspaperly WordPress Theme