Over 5 Million ETH Locked In Ethereum 2.0 Contract; Ethereum Miners Earn Over $2 Billion for the First Time
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On 15th April 2021, after the much-awaited Berlin hard fork occurred at block 12,244,000, developers and analysts across the world started experiencing and reporting unexpected issues with Ethereum (ETH) nodes managed by the OpenEthereum (OE) client.

Due to the fact that Geth is the most popular mainstream implementation of Ethereum (ETH) node software, OpenEthereum (OE) is leveraged mostly by analytical tools such as Etherscan.

Read Also: 400,000 ETH Worth Over $800 Million Left Coinbase. Surge in Institutional Demand for ETH?

OpenEthereum tweeted, “OpenEthereum has a consensus error at block 12244294. We are diagnosing the root cause and will keep you posted.”

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According to the Ethernodes dashboard, 12% of all nodes of the Ethereum blockchain is run by OpenEthereum (OE). Meanwhile, developers in the purpose-opened Github, issue, are reporting the same issues affecting client Hyperledger Besu.

Read Also: Someone Just Paid 1,630 ETH Worth $2.9 Million for Jack Dorsey’s First-Ever Tweet NFT

Martin Köppelmann, an Ethereum (ETH) veteran, who created the blockchain-based prediction market, Gnosis (GNO), indicated the wrong appending of a block as the major cause of the error.

Martin Köppelmann tweeted, “The OpenEthereum team is looking into the issue: So far it looks like the (very likely) correct block 12244294 with hash 0x53c7… was not validated as correct and thus an alternative block with hash 0x0xb2e0 was eventually mined at that height.”

However, at the time of the incident, the price trend of Ethereum (ETH) in the market was obviously unaffected, considering a new all-time high above $2,500 recorded around the time. At the time of press, ETH is trading at $2,483.56, with a relatively 1% price downtrend in the last 24 hours.

Read Also: Ethereum Whale Just Moved $1.3 Billion in ETH to DeFi in a Single Transaction As Price Stays Above $2,100

Expectedly, a number of Bitcoin maximalists seized the opportunity to taunt the leading blockchain project. Jameson Lopp, CTO of Casa Bitcoin, doubted the design of Ethereum forks.

Jameson Lopp tweeted, “Ethereum has been operating for 6 years and accrued $250B in ETH tokens alone, yet they’re still managing to break huge swathes of infrastructure by deploying non backwards compatible forks.”

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.