The code behind the likely split in Ethereum PoW (ETHW) contains the removal of EIP-1559 along with coin distribution to the miners. He had severe flaws that the community found.
ETHW team released the first code yesterday, including the removal of EIP1559 and distribute to the miners. People found a loophole which will roll back all blocks to before the London fork. Team released the patch code for the vulnerability this morning. https://t.co/uV4T5a3OUI
— Wu Blockchain (@WuBlockchain) August 16, 2022
A mistake was found that would have restored all blocks to their original state prior to London’s hardfork. The team published a patch for this vulnerability in the morning, according to journalist Colin Wu.
The blocks released following the aforementioned hardfork would not be able to be added to the chain due to the flaw, according to Twitter user zhijie.
Hm, maybe I’m wrong, but the code below will cause state root in change in a block, and eventually block hash change. All blocks since London fork couldn’t be accepted by ethpow chain. In other word, ethpow will actually be a fork since london. @EthereumPoW @ChandlerGuo https://t.co/7v8oJ07c5p pic.twitter.com/43A8stkEO4
— zhijie (@z_j_s) August 15, 2022
“In other words, ETH PoW would actually be a chain fork since London’s activation,” he clarified.
The issue was resolved, and supporters of “alternative ether” applauded developer Alexey Akhunov for it.
Chandler Guo, a well-known Chinese miner, proposed the notion of forking with the launch of an Ethereum branch that would continue to use the Proof-of-Work algorithm in the latter part of July. After the merger, miners of the second-most capitalized cryptocurrency will be able to keep working thanks to the ensuing ETHW asset.
Before, backers of Ethereum’s PoW-fork referred to it as “inevitable.” Experts from CoinShares, however, expressed doubt about the viability of cryptocurrencies and labeled them as such.
CLICK HERE TO READ MORE ON CRYPTO NEWS
