May 31, 20187min1049

EOS Denies Protocol Bugs Will Delay Mainnet Launch

The development team behind EOS said that the recent discovery of what have been described as “epic vulnerabilities” in the blockchain project’s source code will not prevent developers from shipping the software on time.

Writing on Twitter, the EOS developers criticized media outlets who reported that the recently-discovered vulnerability — which researchers said would allow an attacker to gain control of all network-connected nodes — would delay the release of the EOS mainnet.

EOS

@EOS_io

Media has incorrectly reported a potential delay in the release of EOSIO V1 due to software vulnerabilities. Our team has already fixed most and is hard at work with the remaining ones. EOSIO V1 is on schedule; please stay tuned to our EOSIO channels for official information.

“Media has incorrectly reported a potential delay in the release of EOSIO V1 due to software vulnerabilities,” the team said. “Our team has already fixed most and is hard at work with the remaining ones. EOSIO V1 is on schedule; please stay tuned to our EOSIO channels for official information.”

According to Qihoo 360, the Chinese cybersecurity firm that first identified the vulnerability, the bug would have allowed an attacker to gain control of the network’s nodes by uploading a malicious smart contract to the EOS network. They could then have not only manipulated transactions but also used the nodes as a de facto botnet to mine another cryptocurrency or launch a cyber attack.

However, EOS lead developer Daniel Larimer quickly patched the vulnerability once Qihoo 360 made him aware of it, so the development team said there is no reason to delay the software’s production release.

creator Block.one is on track to raise $4.2 billion from the EOS initial coin offering (ICO), which began last June and is just days away from reaching its conclusion. But perhaps even more notable than that figure is that the company managed to raise it even while maintaining that the firm will not continue to develop the protocol’s software following its release.

Importantly, EOS token buyers who purchased tokens outside of the crowdsale or have moved their tokens to different ethereum addresses must register their tokens through the ICO website before June 2 to ensure that they can access them on the official network.


About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


    • ethereumEthereum (ETH) $ 3,486.90 0.92%
    • litecoinLitecoin (LTC) $ 72.35 1.88%