NEAR released version 1.31.1 to fix the vulnerability and recommended that all node operators upgrade immediately

It is reported that NEAR Core released version 1.31.1, which fixes the vulnerabilities in the previous block result root verification and the total supply verification. More than 2/3 of the main network block verification nodes have deployed the same patch in this version before the release of this version, thus protecting the main network from attacks related to this vulnerability. NEAR recommends that all node operators that have not directly repaired their nodes update them immediately.

Interpretation of this information:

NEAR Core, a blockchain platform, has resolved a critical security issue in its ecosystem with the latest version release 1.31.1. This update fixes the vulnerabilities related to previous block result root verification and total supply verification. The flaws may have made the network prone to potential cyberattacks that could have resulted in tampering with the blockchain data, affecting the integrity of the platform.

According to NEAR, a majority of the main network block verification nodes (over two-thirds) had already updated their nodes before the release of this version. Thus, these nodes’ shields were strengthened before any attack could exploit this loophole. Therefore, there is no known damage caused by this flaw to the NEAR network so far.

However, to ensure the highest level of security for their network, NEAR recommends that every node operator (who has not directly repaired their nodes) update their platform immediately. This will ensure that all nodes are patched and have the latest security fixes from the newly released version. Thus, it reduces any chances of an attacker exploiting those flaws.

The release is a response to the growing security challenges faced by the blockchain industry. In recent years, security breaches have become a major challenge in the sector. Therefore, developers are working tirelessly to ensure they provide robust and secure solutions for their networks. The NEAR Core’s swift action in deploying a fix in response to potential vulnerabilities shows their commitment to providing a secure platform to their users.

The latest update demonstrates that NEAR is a dependable blockchain platform that prioritizes the security of its users’ assets. Updating to the new version 1.31.1 will enhance the NEAR network’s security and build trust in its ecosystem, attracting more developers and investors.

In conclusion, the NEAR Core has released version 1.31.1, resolving potential security issues in earlier versions of the blockchain platform. The update provides a long-term solution for network users’ security concerns and builds trust between NEAR Core and its participants. In light of this, users should upgrade their nodes as soon as possible to take advantage of the new features and improve their network’s security.