This Bug in the Bitcoin Codebase Could Have Caused a Catastrophic Panic

3 min read

A bug found in the codebase of Bitcoin seemed to be unnoticed by numerous members of the crypto community. There are a lot of theories about why the news was not too much publicized.

The crypto community has omitted an important news. A codebase bug was identified in the Bitcoin network. Surprisingly, this was not popularized by the media as they did with Bitcoin ETF for example.

The announcement was published on the Bitcoin Core website:

“CVE-2018-17144, a fix for which was released on September 18th in Bitcoin Core versions 0.16.3 and 0.17.0rc4, includes both a Denial of Service component and a critical inflation vulnerability. It was originally reported to several developers working on Bitcoin Core, as well as projects supporting other cryptocurrencies, including ABC and Unlimited on September 17th as a Denial of Service bug only, however we quickly determined that the issue was also an inflation vulnerability with the same root cause and fix.”

We would like to mark the waves of comments created around software bugs on famous crypto-based projects such as Verge when a mining malware was installed on to mine XVG. Even if the hack was held back in May, the company is still restoring its position on the crypto market.

The bug could have caused panic

Bearing this in mind, the recent bug in the Bitcoin codebase could have caused disastrous panic – fortunately, this did not happen as the bug was removed rapidly.

Pierre Rochard, a software engineer and a member of BitcoinAdvisory.com, advised his Twitter followers who are BTC holders to take ownership of the Bitcoin Core review:

“Every Bitcoin holder that has the means to do so or Bitcoin business that is profitable should take full ownership of Bitcoin code review, whether it’s by performing code reviews themselves or hiring devs to do it for them. Frankly, no excuses not to.”

He also ensured that the Bitcoin core is supporting new contributors as well as reviewers.

“Bitcoin is only trustless if you trust the code. The only way to trust the code is to work with it. The Bitcoin Core software project is very welcoming to new contributors, new reviewers, and – if you’re up for the challenge – new maintainers.”

At the time of writing, Bitcoin’s BTC is traded at $6,511.92 and has a market cap of $112,591,553,212 (according to CoinMarketCap).

Author: Adriana Midrigan

Elite CurrenSea


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