Ethereum is Experiencing an Unintended Chain Split

Ethereum is Experiencing an Unintended Chain Split 101Source: AdobeStock / Sergey Nivens

It seems like a bug in older versions of Ethereum (ETH) Geth client, namely versions v1.10.07 and earlier, has caused a split.

"Fork between latest geth and older geth on mainnet. Stay away from doing txs for awhile till confirmed, unless you are sure you are submitting to latest geth," tweeted Yearn Finance Founder Andre Cronje, advising: "Go for a walk outside, we all need it."

Per ethernodes.org, Geth is the most popular Ethereum client that accounts for 74.63% of the network nodes. Out of these, over 72% of Geth nodes are running older versions of the client, meaning that the bug may affect approximately 54% of Ethereum nodes. An address has also been identified by The Block Research as the address that exploited the bug.

ethernodesSource: ethernodes.org

The bug may lead to double spend exploits where users spend cryptocurrency but the transaction is overwritten on an alternative chain.

Polygon (previously – Matic Network) said that most most validators have already upgraded to the latest Geth/Bor version on the Polygon PoS (proof-of-stake) mainnet. "The team is monitoring the network for now," they said.

The bug was initially discovered sometime prior to August 24, 2021, and was immediately shared and acknowledged by the Go Ethereum team. Sentnl, the team who discovered the bug during Telos EVM audit, said that the bug was “of a high severity” and demanded an “emergency hot patch.”

Go Ethereum developers then released a patch on August 24 but it works only for those who have since updated their node.

All Ethereum node runners are encouraged to update their Geth clients to v1.10.8.

This is still a developing story.

At 15:23 UTC, ETH is trading at USD 3,248. It’s up 4.3% in a day and 3.3% in a week.

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– Vitalik Buterin Not Sure ‘When ETH 2.0’ but Says Clients Can Launch it Alone
– Ethereum 2.0 Multi-Client Testnet Medalla Up 30% in Active Validators

Source

Updated: 08/27/2021 — 12:00