Parity Technologies has warned users that a vulnerability discovered in the testnet network could spread to the Ethereum network if an update is not installed. In this case, user transactions will no longer be synchronized with the Ethereum network and will be blocked.
“Update your wallets as soon as possible and make sure you are running version 1.10.6-stable or 1.11.3-beta,” the company warns.
The company has already had security issues in the past year. In July, hackers managed to steal $150,000 worth of Ether coins, and in November, another vulnerability caused developers to accidentally lock up 513,000 ETH. Users have still not received their funds back.
In November last year, the identified critical vulnerability of the Parity wallet almost led to the need for a hard fork of Ethereum. But the developers then hastened to explain that the existing problems are not related to the Ethereum network, but to bugs in the codes of smart contracts.
It is important that today’s situation is already directly related to the blockchain and everyone is waiting with interest to see how the developers will get out of it this time.
Many doubt whether the update will be able to protect the Ethereum network from vulnerabilities, and Tendermint developer Adrian Brink believes that it can even completely break the network Ethereum.
According to cointelegraph
You May Also Like
The first update to the Ethereum 2.0 network will take place in October
Ethereum 2.0 developers have announced that the first Beacon Chain Altair mainnet update is scheduled for October 27th.
eBay joins the Enterprise Ethereum Alliance
A unique American online auction, there are more than 100,000,000 registered users around the world who use instant payments to buy/sell a variety of goods. It's not surprising that one of the largest retailers in the world, with $10 billion in revenue and nearly $2 billion in annual profits, couldn't stay away from blockchain technology and its ability to enable instant transactions.
