Ethereum News: National University of Singapore Comes up Advanced Tool

The updated and latest Ethereum news help traders and investors make smart decisions. Following the latest and updated news and events from around the world you can make competitive decisions. The latest news for Ethereum users is that researchers from National University of Singapore will soon release a tool.

The tool according to experts will help Ethereum users determine whether the smart contracts they’ve coded are valid or not. This has been a major issue and once it is solved there will be huge potential for the users of this cryptocurrency. Developed in the wake of the massive hack of the first large-scale smart contract – The DAO – in June, it gives lots of hope for users.

Needless to say the researchers at the university described the tool as an attempt to curb future problems that could lead consumer funds to be lost. They also believe that this solution is going to help the cause to great extent. The university calls it Oyente which according to them can be used successfully pinpointing bugs in thousands of smart contracts.

Advanced Level Solution for Next Generation

The latest and updated Ethereum news from the National University of Singapore PhD student Loi Luu is that his team first began its work by analyzing smart contracts for security bugs. He explains that after finding all these problems, his team wanted to measure how many smart contracts have these problems.

Once they had a fair idea about the number of contracts with the issues they started searching for the solutions. Needless to say Luu’s team now plans to release the code for the smart contract analyzer before Devcon2, the Ethereum development conference. It is all set to be held later this month in Shanghai.

Important Ethereum News from DAO Hackers

The event was extremely important for the whole cryptocurrency space. However, the DAO hacker has moved his stolen Ethereum from the Ethereum Classic chain, donating part of it to the Ethereum Classic developers. This way he is helping the cause so well that in future there will be better and great solution for the users.

Least but not the last the move of the stolen funds from the DAO hack is being appreciated a lot. As his first action with the funds the hacker sent 1,000 ETC, about $ 1,500, to the address associated with Ethereum Classic’s development team.

Ethereum News for the Investors and Traders

Like Bitcoin or litecoin news, there are people who are waiting eagerly for Ethereum news from around the world as they also have invested into the latest craze in the cryptocurrency ecosystem. Over the last couple of months, the interest in Ethereum, a decentralized platform that runs smart contracts has gone up quite significantly.

These are the cryptocurrencies that run smart contracts i.e. applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In very short span of time it has been able to attract the popular attention that Bitcoin and other cryptocurrencies were unable to. Therefore, covering the Ethereum news is important.

According to the official statement from the people behind the cryptocurrency these contracts or the apps run on a custom built blockchain. It must be noted that blockchain is an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. Over the years it has been able to carve a niche among the bankers and others.

Ethereum News from Around the World

There are various rich features that are covered by the latest and updated Ethereum news. For instance, it enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past, etc. is covered in the updated news. This helps traders and investors know the latest happenings in the ecosystem.

Needless to say many other things that have not been invented yet, all without a middle man or counterparty risk are also covered by the latest Ethereum news. The project was crowdfunded during August 2014 by fans all around the world. Ever since it has been able to make news and become one of the popular options these days.

Finding Out the Latest Ethereum News from Trusted Sources

Portals like NewsBTC cover the latest and updated Ethereum news from around the world to help traders and investors. It lets know the world that the cryptocurrency that was developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe can provide the much needed solution for the whole world.

Ethereum news also talks about the Ethereum Wallet, a gateway to decentralized applications on the Ethereum blockchain. According to the latest reports the wallet allows users to hold and secure ether and other crypto-assets built on Ethereum. Additionally, it allows users write, deploy and use smart contracts.

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