Categories: High-Tech

Ethereum’s newest update criticized by Israeli-American computer scientist

Speaking at Financial Cryptography 2018 in Curaçao, Israeli-American computer scientist Dahlia Malkhi called Ethereum’s newest update, Casper, “fundamentally vulnerable.”

Dahlia Malkhi Screenshot from YouTube

An Israeli-American computer scientist has become the first in her field to publicly criticize Ethereum’s new update, calling it “fundamentally vulnerable.”

Dahlia Malkhi, a distributed systems expert and a researcher at VMware, made these remarks while speaking at Financial Cryptography 2018 in Curaçao on Friday.

Casper, Ethereum’s long-anticipated update that is set to be launched in 2018, promises to switch the blockchain-based distributed computing platform from a proof-of-work system to the greener, more cost and energy efficient proof-of-stake system.

But according to Malkhi, the proof-of-stake system has its own strong disadvantages. “I think proof-of-stake is fundamentally vulnerable,” she said in her keynote address. “You’re giving authority to a group to call the shots … In my opinion, it’s giving power to people who have lots of money.”

Omri Ariel

Published by
Omri Ariel

Recent Posts

The ”Private Mossad”

Efraim Halevy, a former head of Mossad, the Israeli intelligence service, has joined the private intelligence company Black Cube as…

1 hour ago

The Rat Mocks the Cat

While delivering a speech during the state memorial service commemorating the 45th anniversary of the passing away of former Israeli…

1 hour ago

Raucous TV Host Blast’s Famous Jewish Icon

Tv Host & Comedian Bill Maher Shortly after the season finale of HBO’s Real Time with Bill Maher aired on…

1 hour ago

How Israel Changes the Lives of The Disabled

Israel, home to more than 1.6 million people with disabilities, is a world leader in advocating for a more equal…

8 hours ago

Gazan Tomatoes Causing Havoc

 Israelis were shocked to discover that a large portion of the produce appearing on their supermarket shelves comes from Gaza,…

8 hours ago

Watch: A BDS Supporter’s Drunken Racist Rant viral video is making it's rounds on social media platforms and news agency networks. The video is of a…

8 hours ago