{"id":12759,"date":"2019-03-06T00:00:00","date_gmt":"2019-03-06T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/03\/06\/ethereums-create2-could-help-restore-frozen-eth-funds-from-parity\/"},"modified":"2019-03-06T00:00:00","modified_gmt":"2019-03-06T00:00:00","slug":"ethereums-create2-could-help-restore-frozen-eth-funds-from-parity","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereums-create2-could-help-restore-frozen-eth-funds-from-parity\/","title":{"rendered":"Ethereum\u00b4s Create2 could help Restore Frozen ETH funds from Parity"},"content":{"rendered":"
The Ethereum Constantinople<\/a><\/strong> hard fork that activated last week may have introduced four innovative improvements to the Ethereum blockchain but the one feature that has the chaps at Parity<\/strong> excited is the Create2<\/strong> code implementation originally proposed by Ethereum creator Vitalik Buterin.<\/p>\n Back in November 2017, an Ethereum user inadvertently exploited a software vulnerability within the Ethereum code that effectively froze 513,774.16 Ethereum coins held at the time by Parity Technologies<\/a><\/strong> using the multisig library. At the time of the freezing, these funds were worth $152 million but have since depreciated in value to $65 million.<\/p>\n Parity CEO Jutta Steiner said that with the activation of the Create2 functionality within the Ethereum code, Parity\u2019s funds have a prospect of being recovered.<\/p>\n \u201cIf that functionality CREATE2 had existed at the time, there wouldn\u2019t have been a vulnerability, basically,<\/em>\u201d she said, and added that \u201cSo if you think now, okay, we introduced and sort of fixed the tooling, then wouldn\u2019t it be the right thing to do to also fix the issues that arose when we didn\u2019t have the tooling?\u201d<\/em><\/p>\n