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(https://paritytech.io/our-commitment-to-ethereum-and-a-decentralised-future/)that it is against forking Ethereum to recover user funds. “Let us make [it] clear: we have no intention to split the Ethereum chain,” the post reads (emphasis theirs). “We plan to continue to work with the community to find a path forward. We have all dedicated a great deal of time and effort to developing the Ethereum ecosystem, and have no intention of harming what we have helped build.”Two prominent Ethereum developers, Alex Van de Sande and Péter Szilágyi, have expressed a similar concern over this outcome. They’ve both voiced the opinion that the already contentious EIP-999 could evolve into a turf war over Ethereum’s code that would devolve into a chain split. Van de Sande has written about the topic extensively on his Medium blog (https://medium.com/@avsa/avoid-evil-twins-every-ethereum-app-pays-the-price-of-a-chain-split-e04c2a560ba8) and Szilágyi, in unpublished interview questions that he posted (https://twitter.com/peter_szilagyi/status/989133355571728385) to Twitter, espouses the idea that “[the community] is trying to reach consensus here, not destroy [its] work.“It's not possible to unlock the coins without a hard fork,” Alex Van de Sande told Bitcoin Magazine in an interview. “If they moved with EIP-999 (which they now have publicly vowed not to do) then it would inevitably lead to a fork as we know there would be enough users on both sides to maintain both coins.”Indeed, the conflict represents crossroads that could fracture the community, even if it isn’t as dire as some outlets may present it. Van de Sande believes that Parity’s official announcement shows that “they saw the concern the community had and have stepped back” from the proposal.Still, Van de Sande has explored alternative solutions to the Parity dilemma in the event that the community can’t reach a consensus on a way forward. The two solutions, both of which he posits in a post (https://medium.com/@avsa/recovering-lost-ether-past-and-future-eeb38b17aeb5) on his Medium blog, could be accomplished without a code change. The first involves creating a “recovery token” whose supply would reflect a 1:1 ratio of the frozen funds. “The idea,” he expounds in our interview, “is that the tokens would have multiple sources of revenue, donation being one of them,” and users can redeem these recovery tokens for real ether by burning them through the token’s smart contract.In the same vein, the second solution involves a decentralized insurance fund. Basically, the community could create smart contract insurance policies to refund those who lost ether to Parity and to cover future losses, as well. Featuring its own insurance tokens, this system would pay out 90 percent of losses and would rely on community members to act as issuers/insurance brokers for others.While novel in design, neither of these solutions is without its faults, and Van de Sande admitted in our interview that “[it] would require a lot of work to build such [systems].” The first bets that the community will display a degree of extreme altruism, as $320 million is no small loss to cover via donations. Without proper funding, the recovery tokens would have nothing to buttress their value, as they function solely as a voucher for lost funds. The second proposal also raises questions as to the incentives insurance issuers will have to front funds and how these policies would properly manage risks and liabilities.Phifer told us that, while he appreciates “Alex's continued effort to find another solution to the stuck funds that would not require a hard fork,” he does not see these solutions (in their current form) as “viable,” an opinion he has stated publicly elsewhere (https://ethereum-magicians.org/t/eip-999-restore-contract-code-at-0x863df6bfa4/130/106). He suggests that alternative solutions like those Van de Sande proposes are creative and well-intended, but in trying to make everyone happy, they’re likely to
fail some while appeasing others. Someone — or some people — will inevitably have needs ignored. In their separate interviews, however, both developers agreed on one key point: splitting Ethereum’s chain would come at a cost, and hard-forking is more complicated than a yes-or-no question.“It's true that there is a cost to a split chain if both versions continue to exist for an extended period of time,” Phifer said. “However, I don't think recognizing those costs helps to decide which solution is ‘right.’”Van de Sande suggested, “We need to differentiate between hard forks and contentious hard forks. Many of the EIPs in the eips.ethereum.org (http://eips.ethereum.org/) repository require a hard fork, but most of them are non-controversial improvements that can be bundled together in a planned hard fork that is likely going to get 100 percent support from the community. But [EIP-999 has] already generated enough controversy and infighting that we know [it] will not have 100 percent support.”Clearly, the debate has revisited concerns over code immutability and what role, if any, rescue forks should play to restore lost funds. Lurking in the background of the discussion, the in-fighting has reopened old wounds from Ethereum’s hard fork after the DAO hack (https://bitcoinmagazine.com/articles/a-legal-analysis-of-the-dao-exploit-and-possible-investor-rights-1466524659/). To this precedent, EIP-999 proponents see a parallel scenario where opponents see a dissimilar occurence entirely.Given that there was a strong consensus behind the DAO fork, the current debate has Van de Sande believing “that the DAO fork was the last of its kind.” Even so, Phifer insists that decentralized systems need a certain degree of flexibility to respond to events like the Parity multi-sig library fiasco. If a decentralized network’s selling point is individual asset ownership, to him, the question should not be if a hard fork acts like a bailout that conflicts with that blockchain’s decentralized vision; rather, he asks (https://ethereum-magicians.org/t/eip-999-restore-contract-code-at-0x863df6bfa4/130/30?u=phiferd) how “should a decentralized system behave when users are prevented from controlling the assets they own?”Following up on this argument, Phifer stated, “I would instead encourage people to consider what the primary value of blockchain technology is and if the rejection of EIP-999 and other such recovery efforts is consistent with those values.”Problems of PerspectiveOne Medium post (https://medium.com/@pimpindots/eip-999-reframing-the-debate-31309d0b5689) by “pimpindots” challenges us to examine the problem from their perspective. The author reframes the debate, asking not “should we change the code” but “[should] people and projects be allowed to access their funds?” After all, the post points out, this isn’t a bailout as Parity itself wasn’t responsible for the losses; those affected had no control over one coder breaking the multi-sig library, and, in the aftermath, they’re left holding the pieces while everyone else around them argues whether or not they should be pieced back together. As always, the debate is more complicated than pimpindots’ portrayal or those previously examined. Even some of those individuals who lost funds to the bug, as the poll indicates, don’t want to change the code to retrieve them. Whatever action the community decides to take, the debate exposes a catch-22 for both decentralized community consensus and open source governance: In a realm where open source access to vulnerable systems can cause major problems, that same open source access can provide solutions to these problems, even if the community doesn’t agree with these solutions. Going forward, if open-source technologies give any users uninhibited access to its code, then the community needs to adopt policies for managing the hazards this presents. Without such contingency plans in place, we convey that we’re okay with code meddling until something goes
horribly wrong; after that, it’s every man for himself and trying to rectify these changes runs contrary to the mantra “code is law.”






This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
For the second year in a row, a flagship cryptography conference in Europe has devoted an entire session to blockchain technology.
It was a sign that cryptographers, who once struggled to take the cryptocurrency space seriously due to its hacks, frauds and often reckless approach to developing secure protocols, are now investing their time into the space.The 37th annual Eurocrypt (https://eurocrypt.iacr.org/2018/program.html) conference was held this year on April 30 to May 3, 2018, in Tel Aviv, Israel, at the Dan Panorama Hotel, steps from the Mediterranean ocean. Hosted by the International Association for Cryptologic Research (IACR), the conference was attended by 370 people. Five blockchain papers were presented on the second day of the conference, and one of those even received a “best paper” award. On the third day of the conference, Matthew Green, a cryptographer and assistant professor at Johns Hopkins Information Security Institute, had the honor of presenting an invited talk on the 30-year history of cryptocurrencies.The PapersGetting a paper accepted at Eurocrypt is no mean feat. Only one in five papers that are submitted get accepted after going through a months-long, peer-review process, where experts in the field scrutinize the work to determine its suitability for the conference.  Four blockchain papers were presented at this year’s blockchain session. Cornell Tech’s Rafael Pass presented Thunderella (https://eprint.iacr.org/2017/913.pdf), a blockchain protocol focused on fast transactions. Following that, Vassilis Zikas, a senior lecturer at the University of Edinburgh and IOHK research fellow, looked at the core cryptographic assumptions underlying Bitcoin (https://eprint.iacr.org/2018/138.pdf). Shedding light on why the second paper was important, because Bitcoin did not come through traditional academic channels, cryptographers had no formal model of how the protocol worked, which they needed to build alternative consensus algorithms with comparable security properties. The work of Zikas and others is changing that.Later, Peter Gazi, a researcher at blockchain development and research company IOHK, presented Ouroboros Praos (https://eprint.iacr.org/2017/573.pdf), the next-generation, proof-of-stake algorithm for the Cardano blockchain (https://bitcoinmagazine.com/articles/iohk-launches-cardano-blockchain-ada-now-trading-bittrex/). Finally, Joel Alwen, a researcher at the Institute of Science and Technology in Austria, presented an examination (https://arxiv.org/abs/1705.05313) of ASIC-resistant, proof-of-work hashing algorithms.Outside of the blockchain session, a fifth blockchain paper, Simple Proofs of Sequential Work (https://eprint.iacr.org/2018/183?utm_content=bufferb460d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer) won an award for best paper. The paper was presented by cryptographer Krzysztof Pietrzak. Bram Cohen, CEO of energy-saving cryptocurrency Chia, was a coauthor. Peer ReviewThe IACR has an interesting history. The nonprofit was initiated in 1982 by David Chaum, who later founded DigiCash (https://bitcoinmagazine.com/articles/genesis-files-how-david-chaums-ecash-spawned-cypherpunk-dream/), a company that specialized in digital money and payment systems. Cryptographers at the time wanted to form their own organization for meetings and research outside of established ones for mathematics and computer science. Today, the IACR is responsible for eight conferences, including three flagship cryptography conferences: Eurocrypt in Europe, Crypto in the U.S. and Asiacrypt in Asia. Peer review is a big part of these conferences. Papers are submitted in a double-blind process where the author’s names are removed from the paper, and the reviewers do not reveal their identities to the authors. The point of peer review is to ensure only the best papers get into a conference. Beyond that, peer review also strengthens the security of a protocol because the more eyes that examin...
the more likely it is that flaws will be found — and fixed — before a protocol is made widely available. Blockchain technology has deep roots in cryptography. Bitcoin, for instance, is founded on the early discoveries of pioneering cryptographers like Chaum (DigiCash), Ralph Merkle (hash trees), Wei Dai (b-money scheme) and others. Despite that, somewhere along the line, blockchain parted ways with its academic roots. As a result, few papers in the blockchain space today have gone through any formal peer review process.   But that may be changing. More blockchain and cryptocurrency papers appearing at flagship IACR conferences is an indication that blockchain technology is returning home to its academic roots and future blockchain protocols will be more robust and secure.  



This article originally appeared on Bitcoin Magazine (https://bitcoinmagazine.com/).
Energy Premier ICO

Energy Premier is a blockchain and cloud-based electricity retail bidding platform. The project’s aim is to give energy suppliers a direct and honest access to the energy retail market utilizing blockchain, when at the same time it is going to offer more attractive prices to its clients. The project grants energy suppliers with the right to bid prices for customers. The market access will be direct and clear. Some of the project’s advantages are that it is unique to the market and no players are offering the same thing, so it is beneficial for both suppliers and customers. Token distribution goes as follows: 60% goes to crowdale; 20% goes to team; 8% goes to bonus for platform users; 7% goes to advisors; 5% goes to initial contributors.

Energy Premier ICO Details

Country: Switzerland
ICO date: 2018-05-15 - 2018-06-15
Token Symbol: EPC
Token Platform: Ethereum
Soft Cap: 5,000,000 USD
Hard Cap: 34,050,000 USD

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