Ethereum Co-Founder Predicts Bug-Free Coding by 2030
- Future of Secure Coding: Ethereum co-founder Vitalik Buterin predicts that by the 2030s, developers will achieve bug-free coding, a belief underscored by Gnosis Chain's hard fork to recover $9.4 million, highlighting the importance of blockchain security.
- Impact of Hard Fork: The hard fork executed by Gnosis Chain on December 22, 2024, successfully recovered $9.4 million stolen during the Balancer hack, although met with criticism from some blockchain supporters, it emphasizes the trade-off between security and immutability.
- Limitations of Formal Verification: Buterin noted that while formal verification can ensure smart contracts meet predefined specifications, critical flaws can still slip through, as evidenced by the Balancer contracts being audited 11 times yet still failing, indicating current security measures are insufficient.
- Need for Redundant Layers: Buterin advocates for multiple layers of redundancy to bridge the gap between intention and execution, emphasizing the importance of type systems and formal verification to enhance code security and reliability.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 5 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1642.643 | 1832.841 | 2005.623 | 2195.821 | 2368.603 | 2558.801 | 2731.583 |
| Fibonacci | 1832.841 | 1971.5 | 2057.163 | 2195.821 | 2334.48 | 2420.143 | 2558.801 |
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