Bitcoin Core Developer Reveals ‘Critical’ Bug in Bitcoin Cash

Cryptocurrency industry and community figures are reacting after it emerged a Bitcoin Core developer fixed a “critical” bug in the code for the Bitcoin Cash hard fork.


Fields: Bug ‘Would Have Split’ Chain

In a blog post August 10th, Corey Fields relates how in April 2018 he anonymously reported the consensus bug, known as SIGHASH_BUG.

A so-called ‘chain-splitting’ bug, the vulnerability “would have allowed a specially crafted transaction to split the Bitcoin Cash blockchain into two incompatible chains,” Fields reveals.

“Without quick action from developers and a campaign to align all participants on one side of the fork or the other, the two camps of participants will never again be able to agree,” he continues summing up the impact of the bug going unresolved.

At that point, the currency has effectively been split into two incompatible currencies — transacting as before will no longer possible.

Bitcoin Cash has long made a point of ridiculing the original Bitcoin chain – known as Bitcoin Core for clarity purposes – and those developers who work on and promote it.

Citing technical superiority, Bitcoin Cash’s major proponents Bitcoin.com owner Roger Ver and others regularly take to social media to convince the online community their altcoin will usurp Bitcoin in future.

Fields Hopes To Set Example

The irony of the news Bitcoin Cash may well have floundered without help from Bitcoin Core was therefore not lost on many of cryptocurrency’s best-known names.

“Once again Core devs had to save BCash. Play stupid games…,” commentator WhalePanda wrote, while developer Jimmy Song and economist Tuur Demeester joined those highlighting the event.

Continuing meanwhile, Fields discussed how he anonymously reported the bug to Bitcoin Cash, despite being under “no obligation” to do so.

“While trying to figure out whether a completely anonymous disclosure was possible, I began to question whether it was worth the trouble at all. I had no obligation to report anything, after all,” he explained.

But if someone had discovered an equally nasty bug in Bitcoin Core, I would hope that person would bring it to our attention as discreetly and securely as possible. So I decided to do exactly that: create the report I would want to read, and deliver it as I would want to receive it.

What do you think about Bitcoin Cash’s bug? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

Finance

On Friday, June 22 a new bitcoin cash tipping application has been announced called Gitcash.io. The new platform allows registered Github users to tip each other with BCH using the web-based hosting service tethered to the Gitcash.io service.

Also Read: Bitcoin Cash Football: Multiplayer World Cup App Powered By BCH

Gitcash.io Allows Github Users to Tip Each Other On-Chain Using Bitcoin Cash

Bitcoin Cash (BCH) developers are at it again with a new tipping application that works with the hosting service Github. The website Github is an extremely popular service that hosts open source codebase and gives developers access control, bug tracking abilities, and task management.

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping App

With an open source project, the developer community can collaborate in order to make codebase integrity more secure for many software projects. Now developers can tip each other in bitcoin cash using the Gitcash.io platform. For instance, if someone helped find an issue, a bug, or helped code a few things for your project, you may want to tip them a few bucks for their assistance.

“GitCash.io is an on-chain Bitcoin Cash tipping platform for Github, allowing users to directly support the developers who are writing the open source code that powers our planet,” explains the Gitcash programmers.  

GitCash supports custom user profiles, complete tipping histories, and full-featured HD wallets capable of generating and sweeping custom password protected paper wallets. Our platform is now and will forever be completely free and not-for-profit. Also, we accept zero-confirmations so your transactions are faster than lightning.

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping AppDirections on how to use Gitcash.io tipping app.

Bitcoin Cash: A Powerful Tool Capable of Bettering the World

Furthermore, the unofficial nonprofit marketing team the Bitcoin Cash Fund has given the Gitcash.io team $1,000 worth of funding per month for the next two months. The money will be used for tips, advertisements and bounties, explains the Gitcash.io team. Moreover, the Gitcash.io project was produced with help from the Chaintip team and the organization’s bounties will be the first to appear on the website. Additionally, the Gitcash application was built using the Bitbox platform

Introducing Gitcash.io the Bitcoin Cash Powered Github Tipping AppGitcash.io bounties.

“We built Gitcash on Bitcoin Cash because it is truly censorship resistant and sound money that has the potential to benefit every person in the world equally, including those living on less than two dollars per day,” explains the organization’s founder.  

We’re super happy for Gitcash to be a part of that. The Gitcash project is supported solely by donations and is completely free to use. The platform was built by a small team of passionate developers who believe that Bitcoin Cash is not only the future of money, but a powerful tool capable of bettering the world.

The Gitcash founder also has thanked everyone in the BCH community for staying positive during the “monumental disinformation and censorship campaign” that’s being spread about bitcoin cash. “This is exactly the type of thing Bitcoin was created to fight — The battle is far from over but I can already tell the tides are turning,” the Gitcash founder concludes.

What do you think about the Gitcash.io tipping application for Github? Let us know your thoughts on this subject in the comment section below.


Images via Shutterstock, and Githash.io 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in Crypto

Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in Crypto

The Daily

The most important thing about bitcoin is the new freedom-enhancing innovations that the technology enables, but we know that’s not what everyone is looking for these days. So in today’s edition of Bitcoin in Brief we also feature a surefire way to make a quick fortune in cryptocurrency.

Also Read: Coinmint to Invest up to $700 Million in New York Mining Center

How to Make $120,000 in a Week

Are you too cautious to bet on ICOs? Sure they are all just bug-ridden trash, other than the outright scams. So why not make money off of that?

Guido Vranken, a software security auditor (white-hat hacker) from the Netherlands, has earned a cool $120,000 in just one week of hunting for bugs on the EOS code. He reported 12 vulnerabilities, for $10,000 each. As the EOS ICO brought in a whopping $4 billion, and evidently no shortage of bugs, this seems like a great way to fatten your wallet if you are willing to do the work. You can find their bug bounty program policy here to see what they cover and what not.

Ledger Wallet for Desktop Is Coming Soon

Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in CryptoLedger, the producer of the popular hardware wallet Nano Ledger, has announced that the release date of the new version of the Ledger Wallet desktop edition is now scheduled for July 9th, 2018. It will be available as native desktop application, supporting Windows, macOS, and Linux, so that users won’t require accessing the wallet via Google Chrome or Chromium anymore.

Quis Custodiet Ipsos Custodes?

Block Broker is the latest ICO to fall off the map, deleting all its social media presence and leaving investors to wonder if it was all an exit scam from the start. What makes this case interesting is that it was meant to “completely eliminate ICO fraud by creating a 100% safe investment environment.” The project promised a decentralized ICO investment platform to “ensure that fraudulent ICOs don’t get an opportunity to tarnish the booming industry.” Of course if you are going to trust a “team of experienced professionals” to somehow safely handpick investments for you in a decentralized way, you better make sure they aren’t scamming you first.

Strong Demand for Chinese Ghosts

Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in CryptoAnd speaking about dishonest ICOs, reports from China indicate that there is still high demand for ghostwriters to produce Chinese whitepapers, despite the ban on the practice in the country. In fact, there are also many people advertising their services as ICO writers in China, offering a whitepaper for an average of 15,000 yuan (about $2,350), according to Securities Daily.

“One 20-page whitepaper in Chinese will cost 15,000 yuan, and the one that has 45 to 50 pages will cost 40,000 yuan,” one provider reportedly said. “An additional 7,000 yuan to 10,000 yuan will be charged for an English version. The service usually takes 7 to 10 days to complete,” the whitepaper provider added.

Virtual Crypto Technologies’ New Two-Way ATM

Bitcoin in Brief Thursday: New Tech and a Quick Way to Make a Fortune in CryptoNetoBit ATM

Virtual Crypto Technologies Ltd. (OTCQB: VRCP), an Israeli tech startup dedicated to making cryptocurrencies accessible to the public, announced that it will launch its bitcoin ATM at the Tech Crunch Tel Aviv event today. The Neto Bit ATM is a two-was machine that enables users to both buy and sell cryptocurrencies with fiat money.

Alon Dayan, CEO of Virtual Crypto, commented: “We continue to set standards for the burgeoning cryptocurrency sector. Our proprietary algorithm reduced the typical transaction time from [between 10 and 60 minutes] to [only] several seconds. At this stage, Neto Bit ATMs combine that speed with the convenience of an ATM, giving customers the ability to buy and sell bitcoin with fiat money. The result is a vastly improved trading experience for customers, which we believe will be attractive to our business partners as well as consumers.”

Bitcoin Cash on Money Week

Dominic Frisby, Money Week’s commentator on gold and commodities, and the author of ‘Bitcoin: the Future of Money?’ has written in the UK magazine yesterday about his impression of meeting BCH developers when looking for sponsors for his financial game-show. “I was deeply impressed with the ambition of the enterprise. They are really pushing this thing. In the coming weeks there are big deals for payments with major international merchants to be announced. They are building an enormous and ambitious payment infrastructure across all six continents. Owning the coin is like owning shares in the network, a network which is rapidly growing and well marketed. They want bitcoin cash to be used as widely as possible as a means of payment: to make sure it is actually used.”

Advising his readers if they should get BTC or BCH, he added that: “Bitcoin cash is more volatile and the downside risk is greater, but if you ask me which of the two is more likely to go up ten times from current prices, I’d have to say bitcoin cash.”

What do you think about today’s news updates? Are you going into bug hunting or ICO ghostwriting to make some change? Share your thoughts in the comments section below. 


Images courtesy of Shutterstock.


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