{"id":8037,"date":"2018-08-15T00:00:00","date_gmt":"2018-08-15T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/08\/15\/bitcoin-core-bug-bitcoin-cash\/"},"modified":"2018-08-15T00:00:00","modified_gmt":"2018-08-15T00:00:00","slug":"bitcoin-core-bug-bitcoin-cash","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-core-bug-bitcoin-cash\/","title":{"rendered":"Bitcoin Core Developer Discovers A Bug in Bitcoin Cash"},"content":{"rendered":"
Vulnerabilities are not novel phenomenon in cryptocurrency codes, however for a major coin such as Bitcoin Cash<\/a><\/strong> a successful exploit would be devastating, not just for the holders of the digital currency but for the coin market. That is what could have happened had such a bug not been discovered in Bitcoin Cash code by a developer, Cory Fields<\/strong>.<\/p>\n Fields is a Bitcoin Core<\/strong> developer with the Digital Currency Initiative<\/strong> of MIT Media Labs<\/strong>. According to him, the bug was a major one that its exploit could have caused a split and consensus failure of the BCH blockchain.<\/p>\n Fields anonymously revealed the bug to the BCH<\/strong> developers that had it patched but made the revelation in a blog post titled, \u201cResponsible Disclosures In the Era of Cryptocurrencies\u201d.<\/em><\/strong><\/p>\n Explaining the scenario, Fields posted,<\/p>\n \u201cWorking through this bug, which certainly had the potential for catastrophe, has reaffirmed my belief that the threat of software bugs is severely underestimated in the cryptocurrency world,\u201d<\/em><\/p>\n Continuing, he wrote,<\/p>\n \u201cThis is a real-world example of how much work is still required to reach the sophisticated level of engineering that cryptocurrencies require, and as a wake-up call to companies who have not adequately prepared for this type of scenario.\u201d<\/em><\/p>\n <\/a>Some crypto analysts did not mince words in their criticism of the network for not discovering the vulnerability earlier considering that an exploit would have had a devastating effect such as consensus failure, costing holders of the cryptocurrency and the coin market billions of dollars in losses.<\/p>\n