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Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF

Ethereum Devs Found Critical Bug Ahead Of Major Upgrade

Ronaldo Marquez
by Ronaldo Marquez
2 years ago
·
Posted in Breaking News Ticker
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Marius VanDerWijden, a core developer at Ethereum’s upcoming Shanghai-Capella upgrade, reported a bug found on testnet Zhejiang. VanDerWijden stated:

The last 4 and a half stressful hours of debugging culminated in this amazing bug fix. We got reports that geth nodes wouldn’t sync the Zhejiang devnet correctly. The issue was that if a block body was empty  (no tx, no withdrawals) we wouldn’t initialize it correctly

Related Reading: Ripple To Sponsor Fintech Initiative At U.S. Ivy League College

Ethereum Keeps Improving Ahead Of Its Network Upgrade

According to Ethereum’s core developer Tim Beiko, this bug can be “patched quickly.” He also said it’s an “easy” test for the developers. In addition, the developers will be adding a Hive test for this case.

The goal of the Zhejiang testnet is to stress test withdrawals and BLS, a digital signature scheme used to prevent forgery. In Ethereum’s testnet, the validators sign and attest blocks to ensure that all of them follow the consensus rules. Using a signature scheme like BLS can help to address this problem. 

Verifying those on-chain signatures may lead to more issues as the number of validators keeps increasing. Tim Beiko Stated:

The devnet had 600k validators, and 360k of them perform withdrawal credential updates right at the fork.

Ethereum is on the verge of the expected Shanghai-Capella upgrade, improving its computation, transactions, and validation of new blocks. Still, most importantly, it will allow validators to withdraw their ETH locked on the “Beacon Chain,” the Proof-of-Stake blockchain launched in 2020.

Ethereum
Ethereum continues its bullish trend in the daily chart. Source: ETHUSDT TradingView

Ethereum is currently trading at $1,680, which represents a gain of 1.3% in the last 24 hours. Ethereum has followed Bitcoin’s lead and remained in the profit zone in the last seven days with a gain of 2%. 

Related Reading: Polygon Growth Plans Will Take The Following Path

Ethereum continues to develop its network, and the Shanghai-Capella upgrade will signify a stronger foundation for its future. This may come with excitement from investors and allow the second-largest cryptocurrency to reach new yearly highs in the short term. 

The next upgrade will introduce sharding capabilities and give the blockchain more capacity to access data and lower transaction fees for services on the network. This next upgrade for the development of this blockchain is expected to be launched in late 2023. 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ronaldo Marquez

Ronaldo Marquez

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Ronaldo is a seasoned crypto enthusiast with over four years of experience in the field. He is passionate about exploring the vast and dynamic world of decentralized finance (DeFi) and its practical applications for achieving economic sovereignty. Ronaldo is constantly seeking to expand his knowledge and expertise in the DeFi space, as he believes it holds tremendous potential for transforming the traditional financial landscape.

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