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Author Topic: bitcoinmagazine.com: Bitcoin Network Shaken by Blockchain Fork  (Read 2325 times)

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Bitcoin Network Shaken by Blockchain Fork



Yesterday, the Bitcoin network experienced one of the most serious hiccups that we have seen in the past four years. Starting from block 225430, the blockchain literally split into two, with one half of the network adding blocks to one version of the chain, and the other half adding to the other. For the next six hours, there were effectively two Bitcoin networks operating at the same time, each with its own version of the transaction history. The split lasted for 24 blocks or 6 hours, finally resolving itself when one version of the chain conclusively pulled ahead of the other at block 225454, leaving the remaining “orphan” chain with only a small number of miners that are incapable of recognizing the other while the bulk of the network quickly returns to normal.


Read the full article http://bitcoinmagazine.com/bitcoin-network-shaken-by-blockchain-fork/
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