• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Bug
Nexo

BU Critical Bug ‘Damage Would Have Been in the Millions’ During Fork

Wilma Woo by Wilma Woo
5 years ago
in News, Bitcoin, Bitcoin Security, Bitcoin Technology, News teaser
0
Advertisement

As attackers exploited a bug that crashed 50% of Bitcoin Unlimited nodes Tuesday, the industry reacted saying its developers had a lucky financial escape.


BU ‘Vulnerability’ Bug

The attack occurred around half an hour after Bitcoin Unlimited was uploaded to Github, with nodes completely shutting down to the point where over half the network was no longer operating.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

coin-dance-unlimitednodes

As BU’s main proponent Roger Ver tried to salvage the situation, users reacted harshly, Ver having only a week ago launched his own dedicated BU mining pool.

“Normally, in Bitcoin Unlimited when we find a Core bug we just fix it and move on,” he tweeted quoting a blog post from developer Andrew Stone.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

"Normally, in Bitcoin Unlimited when we find a Core bug we just fix it and move on" https://t.co/cqQaIm5FZJ

— Roger Ver (@rogerkver) March 14, 2017

Entrepreneur Andrew Milne meanwhile commented that had BU been its own altcoin, something mooted as a possibility in the event of a Bitcoin hard fork, the value of coins “would have dropped 50-70%.”

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

IMO, the value of Bitcoin Unlimited coins ($BTU) would have dropped 50-70% yesterday, probably recovering half of that when patched

— Alistair Milne (@alistairmilne) March 15, 2017

 2 Critical Bugs Still At Large?

One node operator described the bug as “plain incompetence” and questioned the possibility of further bugs occurring, something which rumors from Core developers later supported.

“Based on what [Gregory Maxwell] said and what some people are whispering. 2 other critical bugs in BU yet to be fixed,” a Twitter response to Core developer Peter Todd’s reaction reads.

Todd had taken to social media to remove himself from suspicion surrounding the attack, stating he “had nothing to do with” what happened.

@petertoddbtc based on what gmaxwell said and what some people are whispering. 2 other critical bugs in BU yet to be fixed. Jeezus.

— Avatar X (@AvatarX) March 15, 2017

Further reactions were predictable in light of the bitter debate between BU and Core supporters, which has now dragged on for almost two years.

More rumors were accompanied by criticism of BU developers from prominent cryptocurrency figures, Litecoin creator Charlie Lee reproducing alleged evidence of Stone’s vulnerability overview not being mathematically sound.

“We have… chosen to follow responsible disclosure procedures even though so far the negative effects of this attack have been minimal,” Stone also wrote in an initial statement about the problem.

stone

He requested the community to “limit the communication of this issue to miners, Bitcoin enterprises, and client developers until patches are available and upgrades complete.”

Not The First Time, Not The Last?

Containment measures, which involved a four-hour ban for any node sending suspicious behavior, appears meanwhile to be semi-successful, node numbers having risen from a low of 410 to 543.

Bitcoin Core node numbers jumped considerably at the same time. 

coin-dance-corenodes

The latest fiasco is in fact the second BU bug, Stone having previously told Bitcoinist in January how a previous setback “was caused by a miscounting of the bytes in the coinbase.”

Ever level-headed, Andreas Antonopoulos surmised that “individual incompetence” was not to blame for BU’s misfortunes.

andreas_m_antonopoulos_in_zurich_2016-wiki-300x225

“It’s about a process with diverse and laborious review, which catches bugs before production,” he said, while stressing that there was little economical impact this time before a potential hard fork.

“During a fork, the damage would have been in the millions,” Antonopoulos noted. “QA [quality assurance] matters.”

BU has shipped an exploitable bug on a code base that is 0.001 of the size of Core's. That's several orders of magnitude worse QA process

— Andreas (@aantonop) March 15, 2017

What do you think about the Bitcoin Unlimited bugs? Let us know in the comments below!


Images courtesy of Twitter, Coin.dance, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Wilma Woo

Wilma Woo

Related Posts

Vinteum logo

Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

1 hour ago
Bitcoin Market On Verge Of Greed, But Investors Remain Hesitant

Bitcoin Market On Verge Of Greed, But Investors Remain Hesitant

12 hours ago
Bitcoin

Bitcoin Koalas: 55% Of Investors Didn’t Sell Their Coins During Crypto Storm

18 hours ago
Crypto

Crypto Rout On Trading Volumes Costs Coinbase $1.1 Billion In Losses

20 hours ago
Bitcoin

Bitcoin Rally Ignites Lackluster Performance Of Crypto Stocks

1 day ago
bitcoin miners

Bitcoin Miners Sold 5,700 BTC During July, New Report Finds

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.