A major reorganization of blocks in the altcoin network could cause the branching of the blockchain

A major error has occurred in the Ethereum network, which affects about 54% of the network nodes, writes The Block. According to the publication, the error was found in older versions (v1.10.7 and below) of the Ethereum Geth network client. The nodes that used the old versions of the client were separated from the main Ethereum network.

Ethereum developers were notified about the consequences of the error on August 24. They were notified about this by the Sentnl auditor Guido Vranken, who conducted an audit of the Ethereum virtual machine. After that, the developers of the altcoin released an update that fixes the error, but for this, the nodes must update their software. Until then, they recommended to refrain from conducting transactions.

Thanks to the update, it was possible to avoid a serious branching of the blockchain. One of the developers of the altcoin reported on Twitter that most miners have updated their nodes, so a critical error did not lead to a branching of the blockchain. Nodes that have not updated the software no longer have access to the main Ethereum network.

On August 5, the London update was released online, which completely changed the mechanism for charging transaction fees. Part of the commissions that miners previously received as a reward is now burned.

Since the activation of the update, more than 109.5 thousand have been burned in the altcoin network. Ethereum in the amount of $353.5 million, according to the service ultrasound.money, which tracks the destruction of coins in the altcoin network. The average burning rate per minute is 3.44 Ethereum.

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