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Ethereum [ETH] ProgPow technical audit will be conducted by Least Authority

Priya

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Ethereum [ETH] ProgPow technical audit to be performed by Least Authority
Source: Unsplash

Hudson Jameson, a core dev of Ethereum Foundation, released an update on Programmatic Proof-of-Work [ProgPow], on the official blog of Ethereum Cat Herders, on March 25. According to the report, Ethereum Cat Herders are responsible for two tasks related to the ProgPow implementation; ‘Gauge the community sentiment’ and ‘general consensus’ of the Ethereum community, and its technical audit.

On the technical audit side, the Ethereum Cat Herders decided that the audit would be conducted by the Least Authority, a security consultancy. Notably, this is not the first time that Least Authority is performing an audit on Ethereum. Previously, the consultancy performed one of the most elaborate audits on Ethereum, gas economics, and PoW puzzle. Least Authority has also performed an audit for another leading cryptocurrency project in the space, ZCash.

The blog read:



“Please note that the timeline contained in this version of the audit proposal is inaccurate. The timeline for the audit is currently unknown until the audit is funded and technical details of the audit are finalized with the auditor.”

Hudson further stated that the Cat Herders were seeking funding for the ProgPow audit from a “variety of sources”. This included miners, community members, and organizations in the Ethereum ecosystem. The team also created a Gitcoin account specifically for ProgPow funding, with a monthly goal of 50,000 DAI. At press time, the funding for the ProgPow implementation was 0 DAI. The post said,

 “Note that the Gitcoin grant will only be for a portion of the funding and we will rely on larger organizations and others to contribute. We appreciate everyone who is contributing to this audit!”

Source: Gitcoin

Source: Gitcoin

Previously, there were doubts pertaining to the implementation of ProgPow and its timeline, however, these concerns were addressed by Hudson in a Reddit post. He stated:

“In summary, a decision was made to move forward with ProgPoW, but no timeline was given as to when it would be activated in a hard fork. It may be activated in its own fork or with Istanbul. If an issue is found by the ProgPoW audit, we may not go forward with implementing and activating ProgPoW.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Ethereum

Ethereum [ETH]: Samsung planning to create its own ETH-based blockchain; may issue own token soon

Akash Anand

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Ethereum [ETH]: Samsung in the works to create its own ETH-based blockchain, may issue own token soon
Source: Pixabay

The mainstream adoption of cryptocurrencies and blockchain technology has come a long way, with many financial and non-financial institutions now entering the mix. Technology giant, Samsung, is not new to the field, as the South Korean organization previously blew up the cryptosphere by meshing crypto with the launch of the company’s latest flagship device, the Galaxy S10.

Latest reports now suggest that Samsung is getting more serious about virtual assets, as the company might be on its way to create its own Ethereum [ETH]-based blockchain network, with the prospect of launching its own cryptocurrency token in the near future. An anonymous official from the organization stated,



“Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in the future, but I think it will be hybrid—that is, a combination of public and private blockchains.”

Sources from within the company added that blockchain technology is being developed by the wireless technology division of Samsung. Despite the fact that it has not been confirmed as to what devices will provide support for the blockchain, a company official revealed that “some models are being tested for it.”

Samsung’s tryst with Ethereum has been ongoing for quite some time now, with previous developments suggesting that Ethereum could be vulnerable on the S10 device. This was evidenced by a video put out by a user ‘darkshark’ on Imgur, in which it was shown how easy it was to crack the phone. Darkshark stated,

“This brings up a lot of ethics questions and concerns. There’s nothing stopping me from stealing your fingerprints without you ever knowing, then printing gloves with your fingerprints built into them and going and committing a crime.”





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