On November 6th, a severe vulnerability (known as the ‘Fake Stake’ vulnerability), was privately disclosed to the most prominent projects making use of the PoS 3.0 codebase by a white hat group from the University of Illinois, at Urbana, Champaign.
Those projects included:
The group from UIUC told projects they would be publicly disclosing this vulnerability in mid January.
Phore’s fix for the “Fake Stake” vulnerability was implemented on December 7, 2018.
Phore was the only project from this group to implement a fix for the vulnerability before it was publicly disclosed.
The public disclosure of the vulnerability here : https://medium.com/@dsl_uiuc/fake-stake-attacks-on-chain-based-proof-of-stake-cryptocurrencies-b8b05723f806
173 Projects now use Phore’s fix for the “Fake Stake” vulnerability.
Our fix for the ‘Fake Stake’ vulnerability has since been used by 173 other projects. The Phore Blockchain team is proud to be able to contribute to the industry on such a large scale. Many thanks to our developers who worked many hours to fix this issue.
The Phore Blockchain team will always act swiftly to ensure the protection and integrity of the Phore Blockchain project. We also believe in the positive nature of open source code as originally envisioned by Satoshi Nakamoto. As you can see, open source code has tremendously helped not only Phore, but the crytpo community.
Vires in numeris!
Stay tuned for more updates on the development of Phore Blockchain.