In the cryptocurrency market, Ethereum has now split into two chains. The Ethereum split, the world’s second largest cryptocurrency by market capitalization, happened because the nodes of its old Ethereum network were not updated to the ‘Hades Gamma’ patch. The patch was released on 24th August and in version 1.10.7 of the Ethereum network a bug was discovered.
Its old network, Go Ethereum, informed its users on Twitter on August 27 about the split and information about version 1.10.8 in terms of security. The team asked users to update their nodes with the Hades Gamma patch to the new version update if you haven’t already. Geth is a command line interface that runs Ethereum nodes implemented in the Go language. Geth enables users to join the Ethereum network, make transactions between accounts, and mine Ether.
All information about the blockchain is stored in the network in the form of transaction chains. Since every chain is verified, every transaction is added to the digital ledger. Now that there is a split in the chain, not all transactions are verified by all the nodes. Therefore, the split is an understandable cause for concern for Ethereum investors and Ethereum based applications. It increases the incidence of double spend related to that a single transaction is recorded more than once, so users have the amount in the wallet until this problem is resolved, experts advise users not to make any transactions.
