BSV Network Might End Up In The Crypto Graveyard As Its Blocks Are Getting Abandoned

BSV Network Might End Up In The Crypto Graveyard As Its Blocks Are Getting Abandoned

Craig Wright lead Bitcoin Satoshi Vision network’s downfall is far from over, in the latest saga of the never-ending drama, BSV blockchain’s blocks are getting abandoned and the count has reached 6. What it means is, BSV network would have to go back by 6 blocks or more and then start from there.

Nikita Zhavoronkov, lead dev at a blockchain explorer Blockchair presented his views on the current situation of the BSV network, he said,

“Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that’s a record)!”

Well, it seems Blockchair’s record 3-block reorg wasn’t the title holder for long, as BSV chain got 6 of its block orphaned, making its engine witness a 6-block reorg. Zhavoronkov commented,

“Whoops! BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644. The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough…”

In the list of 6 blocks that got abandoned, 3 of them were very big blocks, these got orphaned by a group of 4 blocks which later became 6 blocks. As soon as the new chain got to 7 blocks it got separated from the main chain. The orphaned block won’t be shown on the native blockchain explorer, as they were orphaned by the main chain, and thus they are not a part of the main net's history.

What Triggered This Level Of Network Disruption?

Analysts suggest that the recent abandonation was triggered due to some sort of confusion among miners or probably a fight.

Chris Pacia, of OpenBazaar and a BCH dev

“This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.”

There is uncertainty over the reasons behind huge mined blocks getting abandoned. The confusion is because of the fact that these orphaned blocks or coming from trusted BSV supporting pools, which means the disruption on the network is not because of an attack.

BSV has one block of 128 mb which is probably the cause of the 6-block reorg. The problem seems to be critical since on one of the BU testnet a 128mb block triggered a complete breakdown of the network. The effect was so far-reaching that there numerous simultaneous reorgs on the network, which caused every node on the network to have a different view of the state of the network.

BSV Is Being Delisted From Major Exchanges And Services

The downfall of the BSV network started with Craig Wright’s attorney sending lawsuit threatening letters to blockchain personalities for calling him a fraud and serial liar about his claims of being the original creator of Bitcoin, Satoshi Nakamoto. This bullying behavior did not really go down well with a majority of the crypto space. As soon as the news about the letter went public, Binance announced that they are thinking about delisting BSV from its exchange.

The news made headlines and sent ripples across the decentralized space, as Craig has pissed many in the past with his cocky behavior, but it never came down to this, apart from that BSV was thought to have a good working relationship with the crypto exchange. The very next day, Binance announced that they have delisted BSV token from all of its services. Binance move was followed by ShapeShift doing the same.

Wright’s supporters were enraged with the delisting as many of them do believe that he is Satoshi. However, the delisting does not seem to stop as many more are rumored to follow the suit. .Calvin Ayre, the Canadian billionaire, and an avid BSV proponent came out in support of Wright and even gave a rather bizarre analogy involving Jesus, the Catholic church, Bitcoin and him.

Interestingly the 76-block reorg appeared at the same time when Ayre tweeted,

“Because the world needs to know the truth now! All sides are treated fairly in UK courts so this should be welcomed by all”

However, still, no concernment conclusion has been made on why the disruption occurred, was it because of the minor interior fight or something else that triggered it.