RATE Group | Ethereum Network Overcomes Malicious New Year’s Eve Attack
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Ethereum Network Overcomes Malicious New Year’s Eve Attack

03 Jan Ethereum Network Overcomes Malicious New Year’s Eve Attack

Posted at 05:08h in Ethereum News by

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Ethereum

The Ethereum Network was the target of a coordinated attack in recent days, affecting client platform Parity, which threatened to cause significant downtime.

Malicious Attack to Undermine Ethereum Network

The attack began on December 30 when invalid blocks were sent to the network, which caused node operators using the Parity client, which handles over $50 billion USD in assets and underpins some of the most ambitious projects on the Ethereum blockchain. The invalid blocks caused the node operators using the Parity client to lose sync with the network.

Sergio Demian Lerner, a cryptocurrency security consultant, explained the nature of the Ethereum attack on Twitter: “The attack is simple: you send to a Parity node a block with invalid transactions, but valid header (borrowed from another block) The node will mark the block header as invalid and ban this block header forever but the header is still valid.” Parity Technology was quick to react to the attack and subsequently…

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