RATE Group | Ethereum (ETH) Bug Discoveries: Signs Of Progress, Not Its Demise
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Ethereum (ETH) Bug Discoveries: Signs Of Progress, Not Its Demise

30 Apr Ethereum (ETH) Bug Discoveries: Signs Of Progress, Not Its Demise

Posted at 12:05h in Ethereum News by

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The markets are a bit on the red this morning. Bitcoin (BTC) looks like it is destined for levels below $9,000 and is currently trading at $9,186. Ethereum (ETH) has been steady at its current value of $678. Ripple (XRP) on the other hand is having a hard time reaching the much anticipated $1 value that many were hoping would happen by now. XRP is currently trading at $0.84.

However, today’s discussion is not about market analysis. It is about the recent bugs that have been discovered in Ethereum smart contracts characterized in ERC20 tokens that use the prominent platform for creation of the tokens during Initial Coin Offerings (ICOs).

The first reported news about issues with Ethereum smart contracts was when there was a discovery in vulnerabilities in over 34,000 of them out of a tested batch of almost 1 Million. In the research paper by the students from the National University of Singapore and the University College of London, the researchers were able to…

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