Re:Ethereum just activated its ‘London’ hard fork
by QTnqs6C5 on Thursday August 05, 2021 @11:53AM
(#28075476)
Why would people sell rather than fork to a version of the network where those ETH did not exist? One of the benefits of POS is that when you fork away from a malicious actor, they have to start over from the beginning while in POW, they can just point their hardware to your new chain unless you change the mining algorithm and screw over all the other miners.
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Re:Ethereum just activated its ‘London’ hard fork
by pcthrowaway on Thursday August 05, 2021 @12:09PM
(#28075723)
This is exactly what happened with Ethereum in the early days when a bad actor was able to exploit a third-party contract to the tune of 5% of all ETH.
The Ethereum everyone talks about today is the fork, due to the Ethereum Foundation which owns the trademark leading the fork.
The Ethereum blockchain with the unaltered history is called Ethereum Classic
https://en.wikipedia.org/wiki/Ethereum_Classic#The_DAO_bailo...
Re:Ethereum just activated its ‘London’ hard fork
by dyndos on Thursday August 05, 2021 @12:38PM
(#28076088)
Note that the way this fork was pulled off was very ad-hoc.
Ethereum devs were unable to create a legitimate transaction reverting the DAO funds because they do not have access to the hackers' private key. The reversion was done with a "surgical state change" hardcoded into the client itself.