The Chinese community of BSV posted a response to the block reorganization

During the period from 21:00 to 22:00 on April 18, 2019, Beijing time, the main network of BSV underwent deep reorganization of 6 blocks (block height 578640 -- 578645).

The Chinese community of BSV has made an exclusive response to BlockBeats.

According to Bruce Lee, a BCH fanweiboThis incident caused the transaction of 6 blocks of BSV to be reconfirmed, and the main network was stuck for 1.5 hours and the normal transfer could not be made. All of the BSV block browsers were down at some point and then restored; BSV blocks excavated from some pits were abandoned; Some exchanges have been affected and suspended the recharge of BSV.

Block recombination that is, if you were in the BSV block last night "578639After being dug out, make the transfer. When your transaction gets 6 confirmations, the wallet suddenly shows that the transaction becomes unconfirmed. After a period of time, the transaction is confirmed again. Before and after the reorganization,578640-578645.The information of these 6 blocks has completely changed, including: block hash, block volume, number of transactions, broadcaster...

However, the reorganization of BSV was due to the fact that fans were eager to make large blocks on the main network (sending a large number of transactions to the main network with special tools) to prove the large capacity of BSV, but they were not technically prepared at all, leading to the failure of node synchronization, which caused the network to fork for a long time, leading to deep reorganization.

However, huobin issued an announcement last night to maintain BSV wallet, and the charging of BSV will be suspended until further notice.

Regarding the block reorganization event, the Chinese community of BSV responded to the post as follows:

On April 18, a block reorganization event occurred on the BSV main network. It is reported that a developer was testing on the BSV network to generate a large number of transactions in a short time. During this period, BMG Pool played a large block of 128m and was in the lead for a while, but several small blocks from Svpool subsequently made its block overshot, and it returned to normal after block 578645.

In fact, isolated blocks are not uncommon in bitcoin mining. The reason for this isolated block event is that the number of transactions in blocks has reached 410,000, which puts them at a relative disadvantage during verification and broadcasting. However, the single block will not cause the loss of the BSV transaction that has been sent, and there is no case of double flower. It proves that: 1. The competition among miners is fully orderly; 2. 2. This orderly competition does not extend to users, and the transactions on the chain of users do not affect any losses; 3. This is a competition at the miners' level. The miners vote with their real money and the users' assets are better protected under the competition.

In addition, according to bitcoinsv.io, the Bitcoinsv client is scheduled to be upgraded on July 24. The only protocol-level change, apart from the substantial optimizations this will bring, is the block cap of 2GB. The isolated incident is a reflection of nakamoto's consensus that the upgraded miners will have a bigger stage to compete on.

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