Ethereum Smart Contracts Expose $4 Million to Theft
Thirty-four thousand two hundred active Ethereum smart contracts hold 4.4 million dollars in ether and contain code defects that allow theft. Five researchers from University College London and the National University of Singapore classified the defective contracts into three groups. Greedy contracts freeze balances forever. Prodigal contracts send ether to any caller. Suicidal contracts accept […]
Ethereum's Post-Merge Architecture
Ethereum's record stretches from the 2015 Frontier release through the September 2022 consensus layer replacement. Each protocol revision left observable traces - the 2016 hard fork that reversed the DAO exploit, the 2017 Byzantium gas cost rebalance, the 2019 Istanbul precompile additions, the 2021 London base fee introduction. The Merge continued the sequence - substituting […]
Ethereum Co-founder Proposes Fixed Supply
On 1 April, Vitalik Buterin published an Ethereum Improvement Proposal that limits ether issuance to 120 million coins. The post carried the date as a wink, yet the numbers, the code along with the rationale were literal. Buterin now asks the community to debate the plan. He offers a fallback cap of 144 million ether […]
Ether Price Drops After Spot ETF Debut
The native token of the Ethereum network, trades 3 % lower than its level on the first day of spot ether ETF trading in the United States. The slide traces to the Grayscale Ethereum Trust, a closed end fund that converted into an ETF on the same date. Holders of the legacy vehicle pay an […]
ERC-20 Tokens on the Ethereum Network
ERC-20 denotes the technical specification that governs every fungible token issued on the Ethereum blockchain. A token qualifies as fungible when any single unit substitutes for another unit of the same type. By contrast, the ERC-721 specification produces non fungible tokens that never trade one-for-one. The specification equips developers with a uniform set of smart […]