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Study: Ethereum's unpatched clients carry a threat of attack 51%

Ethereum customers who fail to upgrade to fix known vulnerabilities are a threat to the entire network. This is stated in a new study based in Berlin Security Research Labs. Blockchain technology assumes that participants take rational actions. Among all blockchain users: https://t.co/oBWTudCqZR#blockchain #cryptocurrency #ethereum #SRLabs #patchgap […]

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Ethereum customers who fail to upgrade to fix known vulnerabilities are a threat to the entire network. This is stated in a new study based in Berlin Security Research Labs.

Using data from ethernodes.org , analysts found that a large number of nodes with the most popular clients of Parity and Geth were not updated for a long time after the release of official patches, thus remaining vulnerable to attacks.

As an example, Security Research Labs cites a vulnerability that they discovered in February in the Parity client – using it, attackers can remotely disrupt the work of the nodes.

“According to the data received, by now only two thirds of the nodes have been patched. Soon after we reported the vulnerability, Parity issued a warning about a security breach, urging participants to upgrade the nodes, ”the researchers write.

They also talk about a different patch, which was released on March 2 – 30% of the Parity nodes did not install it. Another 7% of clients are on the version open to the critical vulnerability of the consensus, although the necessary upgrade was released in July last year.

Analysts say that although Parity clients can be updated automatically, this is a rather complicated process, and not all nodes support this option.

The situation with Geth clients who do not have the auto-update feature is even more complicated.

“About 44% of Geth nodes visible on ethernodes.org use versions below v.1.8.20, which are critical from the point of view of updates, ” say representatives of Security Research Labs

According to them, leaving such a large number of nodes open to attacks, their owners threaten the entire network of Ethereum, making it also vulnerable to attacks 51%.

As a solution to the problem, Security Research Labs proposes to integrate the automatic update feature into the software of all default nodes. Another possible measure, in addition to raising the awareness of network participants, is a higher level of network decentralization by reducing the concentration of hashrate among miners, although this will not be easy.

Recall that in March, BitMEX Bitcoin Bitcoin research division launched an analytical resource nodestats to collect information on the work of various software implementations for the Ethereum network and compare their performance. At the same time, BitMEX launched a full node based on the Parity client, detecting certain problems in its work.

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ARK Invest Deshace Acciones de Coinbase y GBTC por Millones en Medio del Auge del Mercado

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ARK Invest: $33 Millones en Acciones de Coinbase y $5.9 Millones en GBTC

ARK Invest, liderada por Cathie Wood, continúa navegando sus movimientos estratégicos de acciones en el mercado, realizando ventas destacadas de acciones de Coinbase y Grayscale Bitcoin Trust (GBTC) en medio del continuo aumento de los precios del mercado.

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El Descuento de GBTC se Reduce a Medida que Aumenta el Precio de Bitcoin

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El Descuento de GBTC se Reduce a Medida que Aumenta el Precio de Bitcoin

Grayscale Bitcoin Trust (GBTC), uno de los vehículos de inversión en criptomonedas más grandes y populares, ha visto su descuento reducirse significativamente en los últimos días a medida que los alcistas continúan elevando su precio. Según datos de Kaiko, una plataforma de inteligencia blockchain, el descuento del GBTC, que mide la diferencia entre el precio de mercado y el valor liquidativo (NAV) del fideicomiso, está en su nivel más estrecho en años, con solo el 8% hasta ayer. (más…)

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IBM Presenta OSO, Diseñada Para el Almacenamiento en Frío de Activos Digitales

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IBM presentó una nueva tecnología denominada «IBM Hyper Protect Offline Signing Orchestrator» (OSO), diseñada para gestionar activos digitales en almacenamiento en frío. Esta innovación surge como respuesta a los riesgos asociados con los procedimientos manuales y tiene como objetivo mantener los activos a una distancia segura de las conexiones a Internet. (más…)

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