Is Bitcoin SV (BSV Token) Facing a Block Reorganization Attack Post BCH Hash Wars?


There are some reports from the Fork Monitor released by BitMEX Research that show that there was a block reorganization attack (reorg) on the Bitcoin SV network.

This attack could have effects on the network by potentially delaying or reversing transactions on a specific blockchain.

As reported in Twitter by BitMEX Research, BitMEX’s Bitcoin SV node experienced a 2 block reorg at block number 557301. Nevertheless, BitMEX explained that it may not be sufficient to conclude that this was an effectively a real attack on the network.

In another tweet, BitMEX Research mentioned that the orphan rate for the SV chain seemed usually high due to poor connectivity in the network. The reorg could just reflect this situation. After it, the analytical branch of the popular cryptocurrency exchange published a picture of the log file of the event.

Just a few minutes ago, BitMEX Research wrote on Twitter that the orphaned blocks were 16MB and 13MB, which it could mean that there was a bad network connectivity and the blocks were too large. At the same time, they mark that it is ‘highly unlikely to be hostility.’

Bitcoin Cash (BCH) has experienced a network upgrade on November 15. However, there were two opposed proposals that divided the whole Bitcoin Cash and crypto community.

One of the proposals is Bitcoin Cash ABC and the second proposal is Bitcoin Cash SV. Although there is no clear winner in the current hash war, the crypto market has experienced a very hard drop in the last few days.

Between November 14 and November 19, the whole cryptocurrency market lost 20% of its value passing from $210 billion dollars to $165 billion dollars. Perhaps, the most stable virtual currency in the last days was XPR that overtook Ethereum (ETH) as the second largest cryptocurrency after Bitcoin (BTC).

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