Parity Will Not Pursue Hard Fork to Unfreeze 500,000 Ether – The Merkle

Ever since the recent Parity bug, people have been wondering how their frozen funds will be rescued. It is evident there is no easy solution to this problem, as the earlier proposal of hard forking Ethereum to roll back the incident has been rejected by the community. This will make it a lot more difficult to come up with a solution everyone can agree on. For now, there is still no solution in sight, but the team is still searching for a way to resolve this issue.

Frozen Parity Funds Remain in Limbo

On one hand, it is good to see the Ethereum community being so outspoken about another Ethereum hard fork to reclaim frozen funds. The network set a dangerous precedent when the community approved a hard fork-based rollback of all stolen funds belonging to the DAO. That has always been a controversial decision, even though there were no other viable ways of dealing with the problem at the time. 

In light of the recent Parity bug that caused over 500,000 Ether to be…


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