A catastrophic mistake happened on the Ethereum network, causing the blockchain of the currency to be divided into numerous parts.
According to The Block, an issue occurred in the Ethereum network, affecting about 54% of its nodes.
As a result of the failure, nodes running older versions of the Ethereum Geth client v1.10.7 and below were disconnected from the main Ethereum network. The creators have provided an update to correct the bug, however, in order to do so, their software must be updated on all nodes. Users are recommended to avoid transactions for the time being.
On August 24th, Ethereum developers were alerted of the error’s ramifications. Sentnl auditor Guido Vranken, who was inspecting the Ethereum virtual machine, informed them of this. Following that, the cryptocurrency developers published an update that corrects the problem; however, nodes must upgrade their software to do so. Until then, they advised against performing transactions.
The upgrade prevented a catastrophic blockchain fork. According to reports, the majority of miners updated their nodes, preventing the fatal mistake of forking the blockchain.