• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Bitcoin Unlimited Nodes Crash and Recover, Bitcoin’s Price Falls

22/03/2017 15:44
No comments

Bitcoin Unlimited nodes crashed to around 250 yesterday, down from some 700, as a new bug was exploited. They have now recovered with the underlying vulnerability again based on asserts being used in production which allowed skilled coders to remote crash the nodes.

Bitcoin Unlimited developers came up with a quick fix, but the code wasn’t released for some hours, with only binaries released. Leading to criticisms of operating in a closed source manner.

The Bitcoin Unlimited developers were previously criticized for openly revealing a security vulnerability before binaries were released, a vulnerability which was tweeted out by Peter Todd and led to nodes crashing last week.

After that incident, Bitcoin Unlimited developers seemingly took the view that asserts should not be enabled in production, but replaced in a way that allows nodes to gracefully exit. It is not clear why this was not done in this case prior to its exploitation, but it may have well been the case that devs were working on it.

Price falls after Bitcoin Unlimited nodes crash.

The market’s reaction was a fall in price by some $80 as expressions of disapproval over the infighting continue to increase with bitcoin’s market cap falling to under $17 billion and its dominance now standing close to breaching 70%.

This is the latest in what has been an eventful week as Bitcoin Unlimited and Bitcoin Core go head to head over the future of the currency. With Bitcoin Unlimited now standing just under 40%, Bitcoin Core appears to have considerably increased its efforts.

However, segwit has stalled at around 25%, gaining no new miners, while the hashrate of Bitcoin Unlimited has been on an upward trend for some months as miners seemingly prefer the client.

Two big miners remain undecided: F2Pool and BW, with HaoBTC a smaller third. After the bug exploits they may be hesitant, but it is not clear whether, beyond asserts, there is any other known vulnerability.

The use of asserts in live production by Bitcoin Core, from which Bitcoin Unlimited forked, is an unusual practice. Bitcoin Unlimited was launched by ordinary bitcoiners, with some having decades of coding experience but not in Bitcoin Core. Such unusual practice was, therefore, seemingly overlooked as bitcoin does not have a specification.

In some ways, it does show the benefits of different teams and the competition between the two may, in the longer term, even be beneficial for the currency as they keep each other in-check and keep group think at bay.

However, Bitcoin Unlimited clearly needs to engage in more robust testing and closer code scrutiny while Bitcoin Core would probably benefit from a more mature way of operating, especially when it comes to responsible disclosure of security vulnerabilities.

 

Related Posts

Wall Street Troll Street

Bitcoin Rises on Futures Expiry

Josh Finkleman of BXE Capital on the right.

Bitcoin Investors Slowly Return

Can Bitcoin Crash Fiat?

The Bitcoin Short ETF Starts Trading

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?