Bitcoin SV have denied reports that the Blockchain would be equal to three times forked. The Whole was the result of a misunderstanding and only to the obsolete Node-Hardware, writes Bitcoin SV Lead Developer Daniel Connolly. But the incident clearly shows that Large blocks can lead to significant problems.
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On 7. August 2019BTC$12.003,00 2.39%part Facebook Twitter LinkedIn xing mail
BitMEX Research had on 3. August is the message launched that Bitcoin SV in the aftermath of the Quasar Hard Fork from the 24. July have experienced a three-fold Fork. This view is contrary to Bitcoin SV in a Blog Post.
to come Thus it was in the course of the Protocol Updates, although complications. There could be no question about the fact that now three Bitcoin-SV-block chains exist in parallel. Rather, there is a “correct” Bitcoin SV Chain, with the 2 GB blocks are possible, as well as a parallel Blockchain which has implemented the old Protocol rules. This is due to the fact that a number of node operators, the Node has not installed the Update. The consensus rules of the two block chains are incompatible – ergo Hard Fork.
So far, So good: That explains at least why there are two Bitcoin SV Chains. But where does the third come from?
log comes to a Standstill
Daniel Connolly, of his character, the Lead Developer for Bitcoin, SV, put it this way:
On 3. August has subjected a member of the Chinese Bitcoin-SV Community, the network of a stress test. Over two million transactions have been fired on the network. Two large Blocks are: A 210-MB Block, which includes 808.633 transactions, and a 183-MB-Block with 702.999 transactions. Unfortunately, a number of Full Nodes running on inadequate systems that can’t handle the amount of transactions. The network has created a third Fork, it has simply ceased to function.
Between the lines is this statement a true revelation. Finally, with the turmoil of the log-Update exactly occurred, what is “complain about Small Blocker” to Bitcoin (BTC) to Bitcoin Forks as Satoshi’s Vision again and again: The decentralization suffers from large blocks. Not only that, the number of the BSV-nodes (the number of Full Nodes: 4.359) is compared to BTC Full Nodes (the number of Full Nodes: 9.597) is significantly lower. The few Full Nodes are securing the network, currently, seem to be also with the exorbitant block sizes, hopelessly overwhelmed.
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