Netta Lab reveals a bug in Ethereum virtual machine, but is it that critical?
|- The research company found a serious Ethereum EVM vulnerability.
- Ethereum developers deny that it is really critical.
- ETH/USD is still dozing in a tight range.
Netta Lab recently published an announcement Ethereum virtual machine vulnerability that allows executing smart-contracts endlessly without paying for gas. The researches stated that they applied to the operator of American database of vulnerabilities with the request to register the bug.
"Netta Labs discovered an Ethereum EVM vulnerability, which could be exploited by hackers. The vulnerability can cause smart contracts can be executed indefinitely without gas being paid," the tweet reads.
While some vigilant crypto users suspected that the news was fake CEO of NEO project Da Hongfei confirmed the info.
"Briefly talked with the CEO regarding the security issue. It seems quite serious. I am asking the team to check NeoVM also," he said.
Meanwhile, Ethereum's creator Vitalik Buterin explained that that vulnerability applies to Python version of the virtual machine that was revealed 9 days ago on GitHub. It means that the problem does not affect the main clients like go-ethereum; parity и cpp-ethereum.
Ethereum network is getting ready for a major update known as Constantinople, scheduled for January 16, 2019.
What's going on with Ethereum right now
Ethereum is changing hands at $211 handle at the time of writing, unchanged since the beginning of Monday. ETH/USD is locked in a narrow range, amid depressingly low volatility and ono-existant trading activity. The coin needs to break above $220-$223 area for the upside to gain traction, while the critical support lies with $200.
ETH/USD, 4-hour chart
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.