Ethereum Privacy Protocol Takes Foot Off Brake With Entirely Immutable Contracts

Advertisement

BEGIN ARTICLE PREVIEW:

Fledgling Ethereum anonymization protocol Tornado.cash has launched completely immutable smart contracts — rendering the protocol “unstoppable” from May 21.While the project has extolled the virtues of immutability and declared that “code is law,” many within the Ethereum (ETH) community are advising against depositing funds into the protocol.Tornado.cash opts for complete immutabilityTornado notes that “[t]here are pros and cons” to its dedication to immutability, declaring heightened decentralization and the inability for smart contracts to be altered as positive virtues of the protocol.However, the developers concede that “the tornado.cash team is also not able to protect the users from bugs anymore.” In the post announcing the transition to full immutability, the firm also recommends that users consider seeking insurance coverage on their funds.Despite removing their hands from the version of the Tornado.cash protocol, its developers will turn their attention to building the next major version of the project, hoping to “replicate Zcash features onto Ethereum mainnet.”Immutability versus vulnerabilityCrypto analyst David Gerard criticized Tornado.cash’s fixation on immutability, describing the protocol as “a sitting duck for attackers, where security holes literally can’t be fixed.”“[I]t seems Ethereum developers have already forgotten Ethereum’ …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE