This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!

Blog

Date:
13th Nov 2020
Author:
CryptoAltum Research Team

Ethereum Client, Geth, Releases a Security Update after Infura Outage


Geth version v1.9.24 has been released following the Nov 11 impact it had on Ethereum and several nodes reliant on the client. Infura, an infrastructure provider that also powers MetaMask, suffered critical outages, and the base layer, Ethereum, temporarily hard forked at a critical time ahead of Eth2. Developers said they opted to stealthily fix a two-year-old bug, an unannounced decision that affected nodes operating on old but stable versions of Geth.


Details: 

According to Geth, v1.9.24 is a security release. Specifically, it fixes a consensus issue relating to mining. If it had remained unresolved, Ethereum would have split on Jan 1, 2020. All node operators running on Geth are now advised to upgrade to the latest build. Improvements in open source projects are continuous to arrest obsolescence. Ethereum is no different. Yesterday’s upgrade shows how node and client users need to constantly keep up, upgrading to the latest releases to prevent future glitches as it happened to Infura.


Impact on the ETH Price: 

Bullish. That Geth stepped in fast for network stability shows the significant developers place on continuity and working on the bottom line. Node operators are required to shift to the new build as Ethereum resync with all nodes and forge ahead towards another huge event scheduled in the next 10 days.


More market updates on our Blog


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020