RATE Group | Rumors Regarding Ethereum Developers Accepting EIP-999 Are False
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Rumors Regarding Ethereum Developers Accepting EIP-999 Are False

22 Jul Rumors Regarding Ethereum Developers Accepting EIP-999 Are False

Posted at 20:34h in Ethereum News by

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The Ethereum community has never shown any favor toward the EIP-999 proposal. This proposal was made to bail out Parity after losing $250 million due to a smart contract bug. Ethereum community members clearly rejected this proposal, yet some people are claiming it will still be implemented.

EIP-999 Is Not Happening

Ever since Parity’s smart contract exploit occurred, its team has been looking for ways to recover the funds. Since this money cannot be moved or returned to its owners, it is essentially lost in the void. That is quite annoying to deal with, for rather obvious reasons. Resolving this situation has been very problematic, and various solutions have been proposed.

One of the potential solutions comes in the form of the EIP-999 proposal. Although dubbed an Ethereum Improvement Proposal, it is so controversial that it would ultimately cause Ethereum to hard fork again. The community was able to weigh in on this proposal and share their views. The community was…

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