Ethereum Suffers from Unintended ‘Chain Split,’ Few Third-Party Services ‘Got...
According to a number of third party infrastructure providers, the Ethereum blockchain suffered an unintended hard fork or chain split on Wednesday. The service providers Infura, Binance, and Blockchair all reported issues with consensus at block height 11,234,873. The cryptocurrency community has been discussing an unintended chain split that took place on the Ethereum blockchain on Wednesday, November 11, 2020. Three major third-party service providers Infra, Binance, and Blockchair all reported on the issues with Ethereum at around 5 a.m. (EST). A number of cryptocurrency community....
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The Ethereum network is facing a chain split after an exploit forced over 50% of its nodes to upgrade their client to prevent further attacks. This security vulnerability was detected, reported, and fixed by Go Ethereum, developers of the affected client, Geth. On August 24th, 2021, via their official Twitter handle, Go Ethereum and its […]
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “overflow bug.” What was also called a “malicious event” or “Strange block....
In a blogpost to the Ethereum community, lead programmer Vitalik Buterin has made a first official attempt to clarify the difference between the known Ethereum ETH and the newly-split Ethereum Classic ETC. One of the goals of the post could be to reassure Ethereum enthusiasts and investors of the safety of their investment. It is happening at the time when the ETC price has soared by over 260% in 24-hour trading volume. Its market cap has risen to over $162 million - that is more than double its initial split startup market value of about $66m on Sunday July 24. It also aims to guide those....
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate. Ethereum's proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via "the Merge" upgrade in September.Miners could then revolt against the new upgrade by continuing to mine on the old Ethereum PoW after the hard fork chain split. A survey from crypto hedge fund Galois Capital recently revealed that 33.1% of respondents believe....
Shapeshift has launched a new tool - Shapeshift Ethereum Splitter to split the two Ethereum based cryptotokens, ETH and ETC. Shapeshift has launched a new tool – Shapeshift Ethereum Splitter – that helps users split the Ethereum based cryptotokens: ETH and ETC. The Ethereum blockchain project had split into two following its hard fork last month. With Ethereum (ETH) continuing on a new fork, the original blockchain has continued to operate as Ethereum Classic (ETC). Unexpectedly, Ethereum Classic has now become one of the popular digital currencies. But these two Ethereum versions – ETH....