/biz/ - Business & Finance

The Bitcoin SV Blockchain & False Reports of a “Three-way Fork”

In recent days there have been a couple of articles which incorrectly suggest that the Bitcoin SV Blockchain has suffered from a “three-way fork” over the last few weeks. These articles seem to stem from the same source, a tweet from BitMEX Research. Here are the facts.

[https://bitcoinsv.io/2019/08/06/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork/]

These are the facts. There was no “three-way fork”. There was a single fork in the blockchain on July 24th due to out-of-date software, a normal occurrence that affects all blockchains that use Nakamoto consensus. Ten days later, there was a group of nodes that failed because they were using sub-standard equipment and could not keep up with volume of transactions that Bitcoin SV is designed to accommodate.

The Bitcoin SV blockchain functioned as normal, and continues to function as normal, reliably processing huge numbers of transactions. Bitcoin SV is evolving and professionalizing Bitcoin, moving Bitcoin from a prototype supported by hobbyists to a professionally supported system capable of meeting global demand for an immutable blockchain. Inevitably, this does mean that the requirements for systems which participate in the network will increase. The Bitcoin SV Node implementation team has recently published recommended system requirements and we strongly urge node operators to follow these recommendations.

Daniel Connolly

God damn it I am so comfy with BSV.

Don't even wanna shill, BSV lovers get in here.

Global Small World Network.
Metanet imageboards when?

Share some images. Let's make these the most quality threads on /biz/. I am going to etch all of them on the blockchain after the thread dies.

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