Ethereum Client Parity Receives Major Upgrade

In a recent update, Ethereum software client Parity received a major upgrade that caters primarily to commercial users.

On July 18, 2018, Parity Technologies released a blog post outlining the launch of their new Parity Ethereum Client v2.0.

The client upgrade comes with a complete removal of the graphical user interface, known as the "Parity Wallet."

The Parity team indicated that the wallet will only be minimally maintained until replaced with the alternative Parity Fether light wallet.

Currently, Parity supports over a dozen public networks with an in-built Ethereum wallet and decentralized application environment.

In early June, Parity discovered a critical consensus issue that could have affected nearly a third of the entire Ethereum network.

Alert: Please update your Parity Ethereum clients to 1.11.3-beta or 1.10.6-stable asap.

"In the worst case, submitting a certain malformed transaction to a mining Parity Ethereum node could have caused that node to produce a malformed block, which would still be treated as valid by other affected Parity Ethereum nodes. In case of such affected nodes providing a majority of hashpower on the net, this could have led to chain split."

Parity has since upgraded its client and resolved the issue.

On July 19, 2017, Parity uncovered a major vulnerability to its multi-signature wallet software that allowed hackers to steal nearly 150,000 ETH before the bug was repaired.