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Showing posts with the label smart contracts

Constantinople update postponed. Again.

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The long-awaited update of the Ethereum, Constantinople, was postponed after the developers discovered the critical code vulnerability of one of the planned changes. On January 15, ChainSecurity reported that the EIP-1283 protocol, which was proposed to improve ways to monetize changes to stored data, could provide a loophole for intruders and lead to theft of user funds. Given this, the developers of Ethereum and related projects decided to temporarily put off hardfork in order to properly evaluate the problem and solve it. Among the participants of the meeting were the creator of Ethereum Vitalik Buterin, developers Hudson Jameson, Nick Johnson and Evan Van Ness, as well as product manager for Parity, Afri Shedon. The new date of ... Read more about " Constantinople update postponed. Again. " on coinatory.com

Crypto-anarchist Timothy May, who predicted the appearance of Bitcoin, died

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On December 16, the legendary American cypherpunk, author of the "Cryptoanarchist Manifesto", Timothy May, died. He was 67 years old. May became one of the founders of the cipherpunk movement, whose participants in the 1980s began to promote and develop methods of cryptography as a means of changing communication, economics and people"s relations in society. He made a number of remarkable predictions - some of them were published on the pages of the “Cryptoanarchist Manifesto” - about the possibility of distributed encrypted networks that transform the relations between citizens and the authorities. Many of May"s predictions, based on his libertarian beliefs, have come true over the past thirty years. Of course, first of all, we are ... Read more about " Crypto-anarchist Timothy May, who predicted the appearance of Bitcoin, died " on coinatory.com

Aviation fuel smart contracts

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In Russia, there is a system for buying jet fuel through the blockchain established. It was launched by the operator of the aviation kerosene market Gazpromneft-Aero, the airline S7 Airlines and Alfa-Bank. As reported in the press release on the site of Gazprom Neft, for instant payment of aviation fuel at the time of refueling, smart contracts are used on the Hyperledger blockchain-platform. Refueling is as follows: the airline pre-passes to the fuel company the data on the planned refueling of the future flight, electronic documents ... Read more about " Aviation fuel smart contracts " on coinatory.com