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BTC Fork Possible Due to Crucial Bug: Bitcoin Dev

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Fri, 09/21/2018 - 15:57
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Yuri Molchan
At the start of the week, the BTC Core team encountered a bug in the code of the coin that allows miners sabotage the Bitcoin network by making double spending operations
BTC Fork Possible Due to Crucial Bug: Bitcoin Dev
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At the start of the week, the BTC Core team encountered a bug in the code of the coin that allows miners sabotage the Bitcoin network by making double spending operations.

The programmers’ team warns that there is little chance of a chainsplit to happen. During a fork, all operations on the network can basically be reversed significantly after their initial confirmation. So, the researchers warned that within a week or two some transactions may well be reversed.

When a fork takes place, two or even more copies of one chain can exist and they will be similar to the point when they split and the codes each start going their own way.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.