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vulnerabilities

Vitalik reiterated Ethereum's mission: to reduce external dependency vulnerabilities through resilience, allowing people to gain sovereign freedom

Ethereum founder Vitalik reiterated the purpose of Ethereum, stating, "The creation of Ethereum is not to make finance more efficient or applications more convenient, but to give people freedom." This is an important and controversial statement from the "Unpermissioned Manifesto" that deserves our re-examination and a better understanding of its meaning. Words like "efficient" and "convenient" imply improving the average situation in an already quite good context. Efficiency refers to allowing the world's best engineers to pour their souls into reducing latency from 473 milliseconds to 368 milliseconds, or increasing the yield from 4.5% APY to 5.3% APY.Convenience means enabling people to register in 20 seconds instead of 1 minute with just one click instead of three. These things may be well done. But we must understand that we can never outplay the corporate players in Silicon Valley in this game.Therefore, the main underlying game that Ethereum must play must be a different game. This game is resilience. Resilience is not about 4.5% APY versus 5.3% APY, but about minimizing your risk of suffering -100% APY. Resilience means that if you become politically unpopular and get banned, or your application developers go bankrupt or disappear, or Cloudflare goes down, or a cyberwar breaks out, your 2000 milliseconds of latency still remains at 2000 milliseconds. Resilience is that anyone, anywhere in the world can access the network and become a top-tier participant.Resilience is sovereignty, in the sense of "digital sovereignty" or "food sovereignty"—actively reducing vulnerability to external dependencies that can be arbitrarily stripped away at any time. This is the game that Ethereum is suited to win. Ethereum must first and foremost be a decentralized, permissionless, and resilient block space—then make it rich.

Cardano experienced a temporary chain split due to old code vulnerabilities, and the CEO stated that the FBI has intervened in the investigation

According to Cointelegraph, the Cardano network experienced a temporary chain split due to a "format error" in a delegated transaction. This type of delegated transaction refers to transactions that delegate ADA to a staking pool, which, while valid at the protocol level, can lead to code failures that affect network functionality.According to an incident report released by the Cardano ecosystem organization Intersect, this "format error" transaction exploited an old code vulnerability in the underlying software library of the Cardano blockchain, causing nodes to have discrepancies in how they processed the transaction, ultimately resulting in a network split. The vulnerability was caused by an ADA staking pool operator named Homer J, who used AI-generated code to facilitate the transaction and has admitted responsibility for the network split.Staking pool operators were urged to download the latest version of the node software to fix the issue and to reintegrate the split chains into a single complete blockchain. This temporary split sparked debate within the Cardano community, with some arguing that Homer J's actions helped expose critical vulnerabilities, while others, including Cardano founder Charles Hoskinson, labeled it an attack on the Cardano network, prompting an investigation by the FBI.One user quipped, "No one noticed the network partition of Cardano because no one is using it."
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