October 24, 2021


PC Tech Therapy Blog by Daniyal Computer

BSV reportedly suffers ‘large’ 51% assault

2 min read

Bitcoin SV has reportedly suffered a “large” 51% assault starting round 11:45 am Tuesday, leading to as much as 3 variations of the chain being mined concurrently.

Analytics supplier Coin Metrics showed Tuesday afternoon that its Farum possibility control platform had recognized the 51% assault.

Details about the assault used to be additional corroborated by way of Lucas Nuzzi, a community knowledge product supervisor at Coin Metrics. “Somebody is critically looking to spoil BSV,” he tweeted, including:

“For over 3 hours, attackers have been ready to take over the chain. All exchanges that gained BSV deposits all over that point may were double spent.”

On the time of writing, it used to be unclear whether or not the assault had ended or whether or not the offender used to be simply taking a smash.

Bitcoin SV used to be the results of a extremely contentious arduous fork of the Bitcoin Money (BCH) blockchain in November 2018. BSV has an equivalent financial coverage as BCH and Bitcoin (BTC), even though the fork used to be a results of deep inner disagreements with the Bitcoin Money group relating to a collection of proposals to make transactions extra environment friendly.

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