Another enormous security susceptibility in a top digital currency has been found – just lying down there waiting to be exploited. This time around, the vulnerability was found in Bitcoin Cash (BCH) by a Bitcoin (BTC) developer.
The blockchain of Bitcoin Cash was prone to being jammed with toxic blocks that would have caused the consensus protocol to fail completely. The bad block would have divided the digital currency in two, hindering transactions and crippling the price as well as the utility of the coin.
Cory Field Discovered The Bug On Bitcoin Cash
The bug was discovered by Cory Fields, and he talked about the impact of the bug on the blockchain. Cory Fields is a Bitcoin Core developer for DCI (Digital Currency Initiative) at MIT Media Lab. Fields talked about the entire process in a blog, from the discovery to anonymous submission.
Fields said that “working through this vulnerability, which has the potential to cause a significant damage, has reaffirmed his belief that the threat of bugs on software is highly underestimated in the digital currency space.”
Adding that this is a real-life example of how much work is still needed to get to the professional level of engineering that digital currencies require.
Eric Wall, a digital currency engineer, lambasted the project on Twitter for having missed such an obvious susceptibility. This year is being defined by its security susceptibilities. Digital currency is software, and it is not immune to bugs.
However, the discovery of the bug by Cory Fields has led the Bitcoin Cash (BCH) team to fix the vulnerability and also to sit up.
Bitcoin Cash (BCH) Price Today – BCH / USD
At press time, the fourth largest digital currency in the world by market cap is trading at $550 after losing about 7 percent over its value over the past twenty-four hours. The market cap of the digital currency is now $9.50 billion and its trading volume over the past twenty-four hours is $351.43 million.