November 2, 2026

Capitalizations Index – B ∞/21M

Perun: Sichere Smart Contracts für Ethereum

BTC-ECHO
Perun: sichere smart contracts für ethereum

Perun: Sichere Smart Contracts für Ethereum
Perun: sichere smart contracts für ethereum
Perun: sichere smart contracts für ethereumEine kleine Forschungsgruppe aus Warschau hat ein White Paper vorgelegt, das eine Skalierungslösung für die Ethereum-Blockchain darlegt. Damit sollen deutlich komplexere Smart Contracts möglich sein, die ein höheres Maß an Sicherheit garantieren. Sogar Ethereum-Gründer Vitalik Buterin zeigt sich interessiert an den Vorschlägen der Entwickler. Die Richtung, in die sich das neue Projekt bewegen soll, wird…
 
Source: BTC-ECHO

Der Beitrag Perun: Sichere Smart Contracts für Ethereum erschien zuerst auf BTC-ECHO.

Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum Perun: sichere smart contracts für ethereum

BTCMANAGER
Vulnerability in JavaScript Function May Mean Long-term bitcoin Hodlers are at Risk

A group of researchers released a warning on the security dangers of old bitcoin addresses that were generated via JavaScript-based wallet applications.

According to the researchers, hackers can take advantage of an old JavaScript cryptographic flaw to steal bitcoin stored in such addresses. Using brute-force hacking, the private keys of such addresses can be obtained by cybercriminals and take ownership of the wallets and the bitcoins stored in them.

Insufficient Entropy in the JavaScript SecureRandom() Function

The flaw revolves around the JavaScript SecureRandom() function which can be used to generate bitcoin addresses and private keys. A bitcoin address is an alphanumeric code that begins with a ‘1’ or ‘3,’ and it specifies the destination of a bitcoin payment. It is similar to an email address. The private key is like a password, and it bears a mathematical relationship with a bitcoin address.

According to an anonymous contributor on the Linux Foundation mailing list, the JavaScript SecureRandom() function isn’t truly random, despite the name. This assertion was also made by David Gerard, a Unix system expert based in the UK and has become a topic of discussion on many online cryptocurrency message boards.

The general consensus that the JavaScript SecureRandom() function isn’t genuinely random is based on the low entropy level of the cryptographic keys that it generates. Entropy refers to the degree of randomness of a system, the higher the entropy, the more difficult it is for brute-force hacking to be successful.

According to Gerard, the function generates cryptographic keys that are less than 48 bits of entropy regardless of the entropy level of the seed. The JavaScript function then runs the alphanumeric key through the obsolete RC4 algorithm which is generally considered to be predictable. The predictability makes the private key vulnerable to brute-force hacking.

Getting More Secure bitcoin Addresses

This information isn’t entirely new, Gerard revealed that he discovered discussion threads on the Bitcointalk forum as early as 2013 on this particular issue. Back then, some web-based bitcoin wallets used the SecureRandom() function to generate private keys.

According to Gerard, many bitcoin addresses that were generated using the BitAddress wallet service pre-2013 and Bitcoinjs pre-2014 are most likely affected by the same vulnerability. Gerard also hinted that current wallet software that makes use of old repositories found on GitHub might also be vulnerable.

Commenting on the issue, Mustafa Al-Bassam said that many old bitcoin wallet apps made use of jsbn.js cryptographic libraries to generate bitcoin addresses. There is a high probability that the pre-2013 versions of such libraries used the vulnerable SecureRandom() function. Al-Bassam is a Ph.D. researcher at the University College London, Computer Science Department. Gerard estimates that it would take about a week to crack the private keys of such addresses.

bitcoin holders who have such addresses are advised to create new addresses using newer tools. They should also move their funds from the old addresses to the new ones to keep them safe.

The post Vulnerability in JavaScript Function May Mean Long-term Bitcoin Hodlers are at Risk appeared first on BTCMANAGER.

Previous Article

CryptoCaster – Makkelijk Bitcoin, Ethereum, Ripple kopen?

Next Article

ICO Platform Zilla to Make Token Sales Understandable

You might be interested in …

Nametoken ICO Launching August 1st Offering Domain Name Investment Platform

The Nametoken ICO will create a decentralized domain name ecosystem and will launch an ICO on 1st of August 2017. 90% of the tokens will be made available for investors.

[Note: This is a sponsored article.]


Nametoken (NAT) which aims to provide a platform for investment in Internet domain names is set to begin their crowdsale on the 1st of August. It will last until September 30, 2017. The team behind the project have a domain name background with over 20 years experience both in the domain trading business and in developing applications.

The company’s founders, Frank Menze and Jens Peterssen have previously traded domains worth several million US Dollars. Furthermore, they have successfully launched e-commerce projects that have generated several million US dollars in sales.

During the ICO, NAT tokens will be available for purchase with bitcoin, Ethereum, or Litecoin. It is recommended that investors use either Mist, MyEtherWallet, Metamask or Parity to receive purchased tokens.

Domain Name Marketplace

Alpha Release

Nametoken’s Ethereum blockchain-based platform will enable users to buy and sell domain names securely and efficiently. All transactions between buyers and sellers are handled through smart contracts, allowing for fast automated payments and fulfillment. Because the platform is decentralized, users will realize significant savings on transaction fees typically associated with buying and selling domain names.

Users of the platform will be able to monetize their portfolios and earn Nametokens by registering, listing, buying, selling and parking domain names. The real ‘secret weapon’ in Nametoken’s arsenal, however, will be their proven domain appraisal algorithm which, when combined with user generated data, will mean only interesting and relevant domain matches will be shown to domain buyers.

Nametoken Exchanges

The Nametoken team cannot guarantee exactly which exchanges the tokens will be traded on once the ICO has ended, however, they have confirmed that they are currently in negotiations with multiple exchanges. The FAQ section on Nametoken’s website does say that the token will definitely be listed on at least several exchanges within 8 weeks after the ICO ends on September 30th.

Buying the tokens on an exchange will be the only option for U.S. citizens who are not allowed to invest in the ICO due to U.S. law.

Token Distribution

Nametoken Token Distribution and Revenue Alotment

As can be seen from the chart above, taken from Nametoken.io, the sale and distribution of the tokens will be very fair with the team keeping just 7% of the available tokens, allowing 90% to be made available to investors. The remaining 3% will be earmarked for advisory and legal matters. This sets Nametoken apart from other less fair ICO launches in which a far greater percentage of the initial tokens were kept in reserve for the company and its founders.

Revenue from the tokens and trading of domains will also be distributed according to the “Intended use of revenue” graph (shown above). It’s a very keen commitment to transparency in their operation and as can be seen; 40% will be reinvested back into Domain investment, with 30% going to ongoing development and 18% to marketing.

Will you be taking part in the token sale? Are you currently a domain name investor? Let us know in the comments below.


Images courtesy of Nametoken, Shutterstock

The post Nametoken ICO Launching August 1st Offering Domain Name Investment Platform appeared first on Bitcoinist.com.

Ardor official trailer 1 (2015) - gael garcia bernal movie hd

Ardor Official Trailer 1 (2015) – Gael Garcia Bernal Movie HD

Ardor Official Trailer 1 (2015) – Gael Garcia Bernal Movie HD Subscribe to TRAILERS: http://bit.ly/sxaw6h Subscribe to COMING SOON: http://bit.ly/H2vZUn Subscribe to INDIE & FILM FESTIVALS: http://bit.ly/1wbkfYg Like us on FACEBOOK: http://goo.gl/dHs73 Follow us on […]