$ETH developers just closed a hole in the next big upgrade before it reached mainnet 🔧
The issue in Glamsterdam, Ethereum's next hard fork:
• Glamsterdam adds a new deposit type for block builders
• Around the fork, builder deposits and validator deposits share the same queue
• A malicious operator could front-run a staker's deposit and redirect Ether meant for a new validator
Who caught it: Lido's head of engineering, Dima Gusakov, flagged the risk publicly on Oct 20. As the largest liquid staking protocol, $LDO had a lot at stake.
Where it stands: CoinDesk reports Ethereum has now fixed the bug. Glamsterdam is still in testing, and there's no mainnet date yet.
Why this is good news: this is exactly what testnets are for. Finding problems before mainnet is how upgrades should work.
If you stake through a provider, you don't need to do anything. Just be wary of anyone asking you to "re-verify" or "migrate" your staked Ether. That's a classic scam around upgrades.
Do you stake your Ether, or keep it liquid? 👇
#Ethereum #Glamsterdam #CryptoNews
The issue in Glamsterdam, Ethereum's next hard fork:
• Glamsterdam adds a new deposit type for block builders
• Around the fork, builder deposits and validator deposits share the same queue
• A malicious operator could front-run a staker's deposit and redirect Ether meant for a new validator
Who caught it: Lido's head of engineering, Dima Gusakov, flagged the risk publicly on Oct 20. As the largest liquid staking protocol, $LDO had a lot at stake.
Where it stands: CoinDesk reports Ethereum has now fixed the bug. Glamsterdam is still in testing, and there's no mainnet date yet.
Why this is good news: this is exactly what testnets are for. Finding problems before mainnet is how upgrades should work.
If you stake through a provider, you don't need to do anything. Just be wary of anyone asking you to "re-verify" or "migrate" your staked Ether. That's a classic scam around upgrades.
Do you stake your Ether, or keep it liquid? 👇
#Ethereum #Glamsterdam #CryptoNews