Ethereum Weathers Bug That Underlines Possible Blockchain Risks
- Users minimized harm from digital fork, co-founder Lubin says
- Highlights non-linear issue of decentralization: Blockdaemon
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Ethereum has weathered a bug that split the world’s most-used blockchain and opened up the risk of counterfeit Ether tokens.
Outdated software last week caused the fork in the digital ledger, which is popular for blockchain-based financial services and transactions in online collectibles. Users minimized the damage by rapidly updating a key program and the deviant fork should wither, said Joseph Lubin, founder and CEO of Consensys Systems, and a co-founder of Ethereum.