BTC Fork Possible Due to Crucial Bug: Bitcoin Dev

News
Fri, 09/21/2018 - 15:57
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
Cover image via U.Today

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 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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