Bitcoin Core Update FIxes Vulnerability That Reportedly Could Crash Network for $80,000 | Crypto

Trendy news on Technology


has released an following the recent detection of a in the software, according to a September 18 press release by the Core Project. According to the statement, Core 0.16.3 was released with a fix for a denial-of-service (DoS) vulnerability.

The vulnerability could cause a of older versions of Bitcoin Core if they attempted processing a block transaction that tries to spend the same amount twice. According to the press release, such blocks can be only created by a miner since they are invalid. In order to create such block, a miner would be required to burn a block of “at least” 12.5 Bitcoin (BTC) worth about $80,000 as of at press time.

The new update includes a feature that eliminates a potential crash by enabling the software to “quietly reject” invalid blocks created by miners.

Emin Gün Sirer, an associate professor of computer science at Cornell University, told Motherboard that the entire could have been crashed for less money than “a lot of entities would pay for a 0-day attack on many systems.” Sirer said that there are many “motivated people” that could have taken this opportunity to bring the down.

According to Casaba Security co-founder Jason Glassberg, the recent vulnerability found on Bitcoin Core software could “take down the network.” He explained that the network crash “does not appear” to target users’ wallets, but would rather “affect transactions in the sense that they cannot be completed,” as the expert told tech media agency ZD Net.

Cobra Bitcoin, co-owner of Bitcoin.org, said the recent issue in Bitcoin Core was a “very scary bug” that could have affected a “huge chunk of the Bitcoin network.”

You might also like More from author

Comments are closed.