THELOGICALINDIAN - A new acute acquaintance is acceptance for the about-face of the Ethereum blockchain
A Solidity developer has sparked agitation afterwards absolution a acute arrangement that allows for the about-face of affairs on the Ethereum blockchain.
A Blockchain Reorganization Mechanism
The Ethereum network’s immutability has been alleged into question.
A Solidity developer announcement beneath the pseudonym “0xbunnygirl” sparked agitation on Twitter this weekend afterwards absolute a apparatus that allows for the about-face of the Ethereum blockchain. It creates a way for affairs that occurred in the accomplished to be reordered or baffled if abundant of the arrangement alcove a consensus.
A column fabricated by 0xbuunygirl on Jul. 10 abundant how the acute contract, alleged “Request For Reorg,” creates a apparatus that allows users to pay miners to accommodate the blockchain.
https://twitter.com/0xbunnygirl/status/1413980492639178755?s=20
0xbunnygirl explained how the new acute arrangement could be acclimated to backslide a hack. If an barter was hacked, it could use the arrangement to incentivize miners to re-mine the block in which the drudge transaction was originally mined. If the block was auspiciously re-mined after the hacker’s transaction, the miner would accept a accolade from the exchange.
While some Twitter users appearance the adeptness to accommodate the blockchain as a feature, others see it as a vulnerability, admonishing that the new arrangement would best acceptable be acclimated for awful purposes.
One user, Daniel Goldman, went so far as to actualize a “Request For Deorg” arrangement in opposition, aiming to disincentivize the about-face of the blockchain.
Also responding to the Request For Reorg contract, the world’s accepted better Ethereum mining pool, Ethermine appear a account on Twitter acceptable the association that it considers the reorg arrangement affiliated to an advance on the Ethereum network, abacus that it would not be application it.
Immutability has continued been accustomed as one of the better strengths of blockchain technology. However, this apperception may be alteration in ablaze of contempo events. Angela Walch, a Research Associate at UCL Centre for Blockchain Technologies, has continued captivated the appearance that calling blockchains abiding is misleading. Discussing the Request For Reorg adventure on Twitter, Walch stated that, “Blockchains are changeless alone if the bodies who comprise them *choose* not to change them.”
Other users on Twitter accept declared that Ethereum’s planned merge to Proof-of-Stake would allay apropos of reorganization, but whether or not this is the case is still not clear. While altercation over the immutability of blockchains continues, one affair is certain; the achievability of a about-face accident is now stronger than ever.
Disclaimer: At the time of autograph this feature, the columnist endemic BTC and ETH.
