Ethereum Software Client Geth Hit By Bug

Ethereum, the best cryptocurrency to invest in, is the second-largest in the crypto market cap and provides the best Blockchain service. However, outdated software caused some trouble in the digital ledger last week. The chain split was due to a bug on its Geth software client. Geth, the open-source software, allows its clients to run nodes.

Ethereum older version of network client Geth was hit by the bug, leading to a split in its network. Users with v1.10.7 specifications faced the effects of the split from the main network. The transactions get overwritten by the chain, which may bring a double-spending attack. The Ethereum Blockchain got an error by the split chain.

The Block research states they have the address of the bug, which had support from a Tornado Cash client. The same address exploited the Binance Smart Chain and Huobi ECO Chain. However, it did not exploit Polygon. There was no detailed disclosure of the attack. However, it is a high-risk security issue, say officials.

Core developers stated that a patch-up done to rectify the fix would help those with upgrades. The developers laid stress on the urgency for making the upgrade on their software to the latest version.



Weakness In The Crypto Market

The crypto market saw a drastic drop in prices in June 2021. It went into a roller-coaster ride, as stiff regulations brought havoc on the crypto prices. Tweets from Tesla CEO Musk citing environmental concerns over the power usage for crypto mining brought down prices. Regulatory action from various countries like China and the UK brought a massive dip in digital currency prices. China brought in a severe crackdown on crypto mining in its country. Britain took stringent actions against the top crypto exchange Binance. The FCA states that the crypto exchange did not meet its anti-money laundering requirements. Australia took a tough stance against crypto transactions, though it did not bring an outright ban.

The total crypto market cap was at the $2.06 trillion marks, with a slight decline. The crypto market volume rose 20% to $107 billion.

Bitcoin cryptocurrency prices continue to trade below the $50,000 mark from July 2020. BTC trading at cryptocurrency prices of $47,750 has to move past the key resistance level to get a positive trajectory. Bitcoin’s (BTC) market cap is at $1.98 trillion.

Ether, the second-largest crypto in market cap is trading at $3,410 on Tuesday. It saw a bounce from the lows at $3,000 when experts located a bug in its Geth software.  The overall market capital of Ethereum is at $2.14 trillion. Ethereum burnt about 136,000 ether which is worth almost $430 million.


Digital Asset Investment

There are other lesser-known crypto assets in the cryptocurrency list like Solano and Avalance crypto tokens. New users who consider what cryptocurrency to invest in prefer those that need low investment.

Solana has risen almost 170% in the past 30 days. In August, SOL/USD shot up from $34.00 to $93.80 levels.

The value of Avalance (AVAX) with crypto prices at 42.00 has gone up from $11.80 to $56 in August. Its prices shot up almost five times in 30 days.

Investing in cryptocurrency Dogecoin, the meme-based token, requires less investment. It gained much popularity from memes by the Tesla CEO, Elon Musk. Dogecoin (DOGE) is trading at 0.2765 on Tuesday, August 31.