Highlights
- Bitcoin Core developers have introduced 2 new security advisories
- The ultimate goal is to keep the Bitcoin network safe
- This comes at a time the adoption of Bitcoin is growing at a fast pace
The need to uphold the security of crypto platforms has pushed Bitcoin Core to integrate two new security advisories. A few vulnerabilities that Bitcoin Core has experienced in the past and their fixes featured on the advisories to help other developers circumvent security breaches.
Bitcoin Core Outlined Vulnerabilities and Fixes
Exposure to security breaches or exploitation of vulnerabilities usually leads to the loss of cryptocurrencies. However, cryptocurrency firms are out to seek approaches and strategies that protect their platforms and their users.
One of such event is the disclosure of remote crashes due to addr message spam. In this situation, spammed nodes could result from addr messages, which are aimed at crashing the system. However, a fix for this vulnerability came on September 14, 2021 in Bitcoin Core v22.0. Another vulnerability whose fix launched on the same day is the case of nodes crashed by a malicious UPnP device on the local network.
Bitcoin Core also introduced three fixes on June 3, 2020 in Bitcoin Core 0.20.0. for two different vulnerabilities. One is for when BIP70 implementation in Bitcoin-Qt could silently crash when opening a BIP72 URI. The second is necessary for when a malformed GETDATA message could trigger 100% CPU usage on the receiving node.
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— Bitcoin Core Project (@bitcoincoreorg) July 31, 2024
The other addresses the challenges of when nodes would allocate up to 50 MB of memory per attacker sending a malicious INV message. Oftentimes, these vulnerabilities are categorized based on their severity as either Low, Medium, High or Critical.
Bitcoin and the Growing Adoption
Notably, Bitcoin Core released these security advisories at a time when the Bitcoin landscape is gaining significant attention. Spot Bitcoin ETFs have made tremendous progress in such a short time. The inflows are still rushing in amidst Grayscale’s outflows. In Tuesday’s trading session, the Grayscale GBTC dropped by more than 11%.
However, market observers think it is a reaction to the forthcoming transfer of a portion of GBTC’s BTC holdings to the newly established Mini trust.
The Donald Trump campaign has also given Bitcoin more popularity in the last few weeks. Since he launched his crypto campaign donations, the Republican presidential candidate has seen contributions from some of the industry’s big names. Trump recently raised $25 million while attending the Bitcoin Conference in Nashville.
Read More: Donald Trump Brings Bitcoin Sneaker Amid US Election Campaign
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