Ethereum Privacy Protocol Tornado.cash Unveils Immutable Smart Contracts May 24, 2020 May 24, 2020
Novice Ethereum anonymization covenant Tornado.cash has unveiled totally unalterable smart contracts, making the covenant “unstoppable”.
While the venture has upheld tamper proof characteristics and proved that “code is law,” several within the Ethereum (ETH) community are suggesting avoiding holding funds by using trusting the covenant.
Tornado has pointed out that “[t]here are pros and cons” to its commitment to tamper proof feature, claiming top level decentralization and the inability for smart contracts to be transformed into advantages of the covenants.
However, the coders acknowledge that “the tornado.cash team is also not able to protect the users from bugs anymore.”
In the post stating the transformation to complete immutability, the startup has suggested that users look at the option of getting insurance coverage on the funds.
In spite of staying away from the variant of the Tornado.cash protocol, its coders will focus on developing the next key variant of the venture, with an aim of replicating “Zcash features onto Ethereum mainnet.”
Crypto analyst David Gerard blamed Tornado.cash’s focus on immutability, calling the covenant as “a sitting duck for attackers, where security holes literally can’t be fixed.”
Gerard further said “[I]t seems Ethereum developers have already forgotten Ethereum’s first really huge disaster, The DAO.”
Since the day of launch, Tornado.cash has often created debate, drawing considerable cynicism from the Ethereum forum after rolling out nine months back.
As a reply to comments on Reddit, the venture’s homepage carried a caution that likely users that it is “an experimental software” that needs to “use[d] at your own risk.”