
Vulnerability in the network will result in users being unable to send transactions and minimers being unable to add blocks. The problem has been known for at least 8 years and the solution will require a hardfork.
There is a bug on the bitcoin network that can cause the network to shut down. The expected time of bug manifestation is forecasted to be 2106, so it's too early to worry about it. The problem can be corrected, it will once again require the system of approval of changes in the protocol of the cryptographic currency, writes CoinDesk.
Bicoin Core compliance officer Peter Wulle said that the problem has been known since at least 2012. Bug is that Bitcoin blocks are containers in which transactions are stored. Each block has its own ordinal number. However, their peculiarity is that the network will run out of such numbers after block 5101541. Therefore, it will no longer be possible to add new blocks to the blockchain after it.
It will be necessary to make a hardfork to fix the problem. All miners and node operators will need to update their software to support the update. It will be aimed only at keeping the network up and running, so it should not cause any disputes.
Earlier Twitter user MasterChangz, who tries to crack crypto wallets with the method of private key selection, said that the bitcoin code will be cracked in 5 years, as the computing power of the technology increases by 900% every two years.
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