Soft fork is inevitable, and large Ethereum mining pools announced support for soft fork updates

On June 25, the Ethereum soft fork update was officially released, aiming to prevent the DAO attacker from transferring the stolen funds. This plan was released by the Ethereum Foundation and updated the protocol rules to invalidate the attacker's actions. At present, all major mining pools have expressed their acceptance of this update.

After the DAO smart contract was hacked (more than 3.6 million ether was stolen), the community and the Ethereum Foundation discussed and released a soft fork solution. This solution will prevent the attacker from obtaining the "ill-gotten gains" within 27 days when the DAO code is completely invalid.

DwarfPool is one of the largest Ethereum mining pools. On June 22, DwarfPool conducted an internal vote on the soft fork plan. The participation rate accounted for 22% of the miners, and more than 88% of the miners supported the soft fork.

In order for the soft fork to proceed smoothly, the Ethereum fuel gas must be less than 4 million before the block #1800000 is mined. Now everything is ready, just waiting for a miner to mine the block #1800000. According to the data provided by etherchain, the gas is already less than 4 million.

Over the past week or so, the development of the DAO incident has been extremely dramatic. On June 17, the attacker quickly hacked into the DAO smart contract and stole the ether. Immediately afterwards, the Ethereum Foundation, together with trading platforms and scholars, held an emergency meeting to seek the best solution. Subsequently, Ethereum developer Vitalik Buterin called on the community to support the soft fork plan to prevent the attacker from transferring funds and create enough time for the community to respond or fight back.

Another plan Buterin proposed was a hard fork. Through a hard fork, the attacker's 3.6 million Ethereum accounts would be denied, and the funds would be transferred to another safe account. However, this plan was opposed by most people inside and outside the community.