Ethereum’s Constantinople Hard Fork Delayed Due to Security Flaw

[fitload]

Ethereum’s long-anticipated Constantinople upgrade has just been called for a delay just hours before the hard fork was scheduled to go live on the third-largest cryptocurrency’s network.

The issues were discovered by ChainSecurity, prompting the #DevelopmentTeam  to call a delay to the new protocol as the issues could not be fixed in time.

In a conference call, Ethereum’s lead developers discussed the flaw, noting that the hard fork will be delayed for an unforeseeable amount of time while they fix the issue. The new date for when Constantinople will be implemented will be released in another conference call this Friday.

According to ChainSecurity, the fork’s vulnerability is called a reentrancy attack that allows bad actors to reenter the same function multiple times without the network updating to account for the actions they took, essentially allowing them to continuously withdraw funds.

Read More: https://bitzamp.com/ethereums-constantinople-hard-fork-delayed-due-to-security-flaw/

[Marcus]

This is a good thing that fork has been delayed until the vulnerability is patched. However, the question is did they really need to cancel the fork just hours before the scheduled time.

[araka]

hope ETH hardfork don't delay again. because many market disabled eth for withdrawal.

[@Royale]

It sure is. ChainSecurity -a smart contract auditing and security firm- found potential vulnerability in the code which would allow funds to be stolen from smart contracts that utilize op-codes (code that makes certain processes easier for developers) that were scheduled for update. It's a good thing though, that the vulnerability was caught before the fork, rather than after the fork, where it could have resulted in damage to users. Impressively, the Ethereum Foundations were making all the necessary precautions swiftly. Hats off to Ethereum's dedicated team.
One thing left for us to do; wait.

[dimosha777]

I think the team will quickly fix the error found in the code, and soon there will be a hard fork, the more time they pull, the worse for them and for all investors, patience, guys, only patience will lead you to success

[Alcor]

It is a pity, of course, that there was a delay in the planned improvements in ethereum. Many wanted to see them and appreciate their benefits. Of course, identifying vulnerabilities prior to their introduction into this coin is much better than possible problems after their introduction. Moreover, these vulnerabilities could entail the theft of funds.

[alfian141]

It doesn't Matter for me , if ethereum delayed for a hour. Better fix all coding And  bug, for no problem show up in the future. I hope ethereum will be better, no thief no easy I am patient waiting for it.

[Theroyals]

With the delay can make the hardfork to be done better and perfect. So stay we just let until when the delay takes place. And we still have time to save Ethereum before the snapshot is done.

[earncrypto]

The most confusing thing is that they did not state the new date of the hardfork. It makes ETHUSD traders nervous.

[Joankii]

That was the best way for them than they suffered a big loss because there was a bug that could make hackers go in and take all their funds.

[Hank]

I think this is the reason why Bitcoin and ETH drop in the last few days. People are panic and they all trying to sell their asset to get their money back.

[IyemRoker]

This is what made the failure to make an issue to raise prices from Etehreum.
Everyone hopes that Ethereum will rise in price after Hardfork, but the fact is like this and this makes the price of Ethereum Down and Drop.

[ryap12]

It sure is. ChainSecurity -a smart contract auditing and security firm- found potential vulnerability in the code which would allow funds to be stolen from smart contracts that utilize op-codes (code that makes certain processes easier for developers) that were scheduled for update. It's a good thing though, that the vulnerability was caught before the fork, rather than after the fork, where it could have resulted in damage to users. Impressively, the Ethereum Foundations were making all the necessary precautions swiftly. Hats off to Ethereum's dedicated team.
One thing left for us to do; wait.

Imagine how critical it would become if the Team has not found the loophole. The Ethereum Blockchain will surely fall behind the rankings or even bring to zero. A lot of stolen funds would occur and a lot of job to work on. Scary Hardforks and upgrades are no joke.

[Nolkupit46]

I red in bitcoin talk forum post and know that Ethereum hard fork already turns to the scam projects and their website doesn't work.

[pelana vreo]

If ethereum suspends hardfork, I think it's good to find a vulnerability in the hardfork.
I am waiting for this information and some media such as YouTube have talked a lot about hardfork which will be done in January, we can wait when the exact date for the launch of Hardfork ethereum this year