The Ethereum community was divided because of a controversial proposal for defusing funds from the Parity wallet

The Ethereum community was divided because of a controversial proposal for defusing funds from the Parity wallet


Disputes over one of the most ambiguous suggestions for improving Ethereum (EIP) are inflaming with renewed vigor. This writes CCN.

EIP-999, written by Parity Technologies developer Afri Schödön, suggests updating the Ethereum software in such a way as to integrate the patch into the library for a multi-signature wallet contract and return owners access to 513,000 ETH.

These funds, which are estimated at about $330 million today, were frozen in November of last year after the GitHub user, under the pseudonym devops199, discovered, as he himself says, a random bug in the source code of the contract, which allowed him to destroy the library.

As a result, about 600 wallet holders lost access to their money, including Polkadot, the project of former technical director Ethereum and founder of Parity Gavin Wood. At the Polkadot wallet, there are currently over 306,000 ETH or about $200 million at the current exchange rate.

“This proposal is necessary because the Ethereum protocol does not allow the restoration of self-destructing contracts, and there is no other simple way that would allow affected users and companies to restore access to their tokens and air,” wrote Shoedon at GitHub.

Previous EIP with proposals for the restoration of such contracts have faced a sharp rejection of the Ethereum community. EIP-999 has also been criticized, including because the only problem that it proposes to solve is to unfreeze the funds on Parity’s wallet.

Voting on the Etherchain portal, in which any holder of Ethereum can participate, signing a message with the help of their wallet, where the weight of each voice is equivalent to the amount of air on the wallet, showed that there is no agreement on the exit from this situation in the community either. Holders of 52.6% of funds or about 1.6 million ETH vote against the update.

However, users of social networks consider the vote dishonest, since it can even use funds frozen on Parity’s wallet, that is, over 500,000 ETH, which will surely go to support the positive decision on EIP-999.

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