Bitcoin SV (BSV) May be Vulnerable to Double Spending
Cryptovest
Published Dec 10, 2018 11:35AM ET
Updated Dec 10, 2018 12:42PM ET
Bitcoin SV (BSV) May be Vulnerable to Double Spending
An advanced user has posted a video on Bitcoin SV (BSV) is vulnerable to double-spending. The user, reizu, noticed that most of the transactions he sent out were processed immediately by just four highly accessible nodes, making the Bitcoin SV network highly centralized, for now.
The user pointed out that four nodes control more than 70% of the Bitcoin SV hashrate, meaning the network is currently highly centralized. Nodes previously possible for regular users are now mostly supported by miners due to the greater technical requirements.
One of the ways to protect against double-spending is to require that each transaction propagates through as many no...
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