The cryptocurrency market is slightly green on Thursday, although some specific coins are making considerable leaps to the upside. Electroneum (ETN) is among the biggest daily gainers on the with after a 28 percent jump in the last 24 hours. Other coins like Ripple (XRP) and Bitcoin Cash (BCH) are up 6.79% and 21.79% respectively. Bitcoin (BTC) revamped its trend above $6,500 yesterday and the buyers are holding tight to $6,520. The bullish trend is reflected across the board especially among the top 50 coins, most of which are trading in the green at the time of writing.
Electroneum (ETN) is on a sole recovery journey mainly supported by the network’s speedy response to a deadly bug. The digital asset’s trading volume has increased by 62.2% in the last couple of days. The volume currently stands at $3.3 million on September 27. The market capitalization, on the other hand, had been capped below $100 million. However, it clocked $102 million by the close of the session on Wednesday 26 and currently stands at $134 making Electroneum the 48th largest digital asset in the market. Electroneum has a total supply of 21 billion ETN while only 7,985,123,786 ETN tokens are currently in circulation.
The Electroneum team recently announced via Twitter that they had instructed all the cryptocurrency exchanges to suspend ETN trading until further notice. The move was necessary because Monero (XMR) had uncovered a bug and Electroneum was working to ensure that it had not affected its protocol. It is important to note that Electroneum is a hard fork of Monero blockchain.
“We’ve just asked ETN exchanges to suspend ETN deposits until we analyse and patch exchange wallets. Monero just found a bug and we are checking to see if we have the same bug, or if it was introduced after we forked from Monero. Normal service will resume ASAP.”
After the check, the team moved forward with fixing the bug that had also encroached the network. An upgrade of the software, which contained the bug fixes was made available on GitHub and the node operators and command line users asked to carry out the upgrade as soon as possible. The bug fixes were released in the v220.127.116.11 of the Electroneum software which is part of the v2.1 network-wide update.
Some of the fixes were to designed to correct the invalid memory write reading an array entry, fix stack overflow on crafted input and wallet2 fix that corrected the duplication output making it to the RPC.
“Exchanges notified, code is patched and available to go live again. https://github.com/electroneum/electroneum/releases/tag/v18.104.22.168 … we would advise all command line users to update. We’ll be updating thousands of server instances on our AWS hosting for mobile users over next day or so, no action needed by app users,” Electroneum wrote on Twitter.
About Electroneum (ETN)
Electroneum is a blockchain platform that was introduced specifically to push for the adoption of cryptocurrencies. The platform is designed to work with mobile devices. In fact, it is also referred to as the mobile cryptocurrency. It has an app-based mobile mining along with signed agreements with global mobile networks. It focuses on ensuring that the digital revolution reaches the development world while enabling a new 3 trillion-dollar market.