{"id":2934,"date":"2019-08-06T13:30:30","date_gmt":"2019-08-06T13:30:30","guid":{"rendered":"https:\/\/bitcoinsv.io\/?p=2934"},"modified":"2020-09-28T07:11:33","modified_gmt":"2020-09-28T07:11:33","slug":"the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork","status":"publish","type":"post","link":"https:\/\/bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/","title":{"rendered":"The Bitcoin SV Blockchain &#038; False Reports of a \u201cThree-way Fork\u201d"},"content":{"rendered":"\n<p>In recent days there have been a couple of articles which incorrectly  suggest that the Bitcoin SV Blockchain has suffered from a \u201cthree-way fork\u201d over the last few weeks. These articles seem to stem from the same source, a tweet from BitMEX Research. Here are the facts.&nbsp;<\/p>\n\n\n\n<p>The Bitcoin SV Blockchain had a planned hard-fork upgrade on 24<sup>th<\/sup> July. This upgrade increased the maximum block size from 128MB to 2GB.  Unfortunately, despite publicity and announcements over a two month  period, a minority of node operators did not update their software. These nodes, that had not updated their software, forked onto a new and incorrect chain after the upgrade. This is a natural consequence of how  Bitcoin works: if the software is not aligned with the majority, it will create a \u201cfork\u201d in the blockchain.&nbsp;<\/p>\n\n\n\n<p>Shortly after the hard-fork, several 256MB blocks were produced on the Bitcoin SV Blockchain. The size of these blocks caused some minor issues for  some service providers. These issues were resolved quickly by the service providers.&nbsp;<\/p>\n\n\n\n<p>Ten days later, on 3<sup>rd<\/sup> August, a member of the Chinese Bitcoin SV community initiated their own stress test on the Bitcoin SV Blockchain. Over 2 million payment transactions were blasted onto the Bitcoin SV network over a short period which resulted in two large blocks: a <a rel=\"noreferrer noopener\" href=\"https:\/\/whatsonchain.com\/block-height\/593965\" target=\"_blank\">210MB block<\/a> containing 808,633 transactions, and a <a rel=\"noreferrer noopener\" href=\"https:\/\/whatsonchain.com\/block-height\/593967\" target=\"_blank\">183MB block<\/a> containing 702,999 transactions. Unfortunately, some of the nodes on the Bitcoin SV network were running on small systems that were unable to cope with this flood of transactions. These systems failed. They did not create a third fork, they simply stopped working.&nbsp;<\/p>\n\n\n\n<p>These are the facts. There was no \u201cthree-way fork\u201d. There was a single fork  in the blockchain on July 24th due to out-of-date software, a normal  occurrence that affects all blockchains that use Nakamoto consensus. Ten days later, there was a group of nodes that failed because they were using sub-standard equipment and could not keep up with volume of  transactions that Bitcoin SV is designed to accommodate.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The  Bitcoin SV blockchain functioned as normal, and continues to function  as normal, reliably processing huge numbers of transactions. Bitcoin SV  is evolving and professionalizing Bitcoin, moving Bitcoin from a prototype supported by hobbyists to a professionally supported system capable of meeting global demand for an immutable blockchain. Inevitably, this does mean that the requirements for systems which participate in the network will increase. The Bitcoin SV Node implementation team has recently published <a rel=\"noreferrer noopener\" href=\"https:\/\/bitcoinsv.io\/2019\/08\/02\/bitcoin-sv-node-system-requirements\/\" target=\"_blank\">recommended system requirements<\/a> and we strongly urge node operators to follow these recommendations.&nbsp;<\/p>\n\n\n\n<p>Daniel Connolly<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent days there have been a couple of articles which incorrectly suggest that the Bitcoin SV Blockchain has suffered from a \u201cthree-way fork\u201d over the last few weeks. These articles seem to stem from the same source, a tweet from BitMEX Research. Here are the facts.&nbsp; The Bitcoin SV Blockchain had a planned hard-fork [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4261,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[73],"tags":[54,56,58],"lang":"en","translations":{"en":2934},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Bitcoin SV Blockchain &amp; False Reports of a \u201cThree-way Fork\u201d - Bitcoin SV<\/title>\n<meta name=\"description\" content=\"Facts about the recent events on the Bitcoin SV Blockchain and debunking the false reports of a three way fork.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Bitcoin SV Blockchain &amp; False Reports of a \u201cThree-way Fork\u201d - Bitcoin SV\" \/>\n<meta property=\"og:description\" content=\"Facts about the recent events on the Bitcoin SV Blockchain and debunking the false reports of a three way fork.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/\" \/>\n<meta property=\"og:site_name\" content=\"Bitcoin SV\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-06T13:30:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-28T07:11:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bitcoinsv.io\/wp-content\/uploads\/2020\/09\/bitcoin-sv-bsv-mines-world-record-128mb-blocks.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1234\" \/>\n\t<meta property=\"og:image:height\" content=\"616\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BitcoinSVNode\" \/>\n<meta name=\"twitter:site\" content=\"@BitcoinSVNode\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/bitcoinsv.io\/#organization\",\"name\":\"Bitcoin SV\",\"url\":\"https:\/\/bitcoinsv.io\/\",\"sameAs\":[\"https:\/\/twitter.com\/BitcoinSVNode\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/bitcoinsv.io\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/bitcoinsv.io\/wp-content\/uploads\/2020\/10\/bsv-logo-wh-medium.png\",\"width\":800,\"height\":144,\"caption\":\"Bitcoin SV\"},\"image\":{\"@id\":\"https:\/\/bitcoinsv.io\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bitcoinsv.io\/#website\",\"url\":\"https:\/\/bitcoinsv.io\/\",\"name\":\"Bitcoin SV\",\"description\":\"Just another WordPress site\",\"publisher\":{\"@id\":\"https:\/\/bitcoinsv.io\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/bitcoinsv.io\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/bitcoinsv.io\/wp-content\/uploads\/2020\/09\/bitcoin-sv-bsv-mines-world-record-128mb-blocks.jpg\",\"width\":1234,\"height\":616},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/#webpage\",\"url\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/\",\"name\":\"The Bitcoin SV Blockchain & False Reports of a \\u201cThree-way Fork\\u201d - Bitcoin SV\",\"isPartOf\":{\"@id\":\"https:\/\/bitcoinsv.io\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/#primaryimage\"},\"datePublished\":\"2019-08-06T13:30:30+00:00\",\"dateModified\":\"2020-09-28T07:11:33+00:00\",\"description\":\"Facts about the recent events on the Bitcoin SV Blockchain and debunking the false reports of a three way fork.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/stag.bitcoinsv.io\/2019\/08\/06\/the-bitcoin-sv-blockchain-false-reports-of-a-three-way-fork\/#webpage\"},\"author\":{\"@id\":\"https:\/\/bitcoinsv.io\/#\/schema\/person\/18c78b4beaaf0a9417e3e3a348be2dbe\"},\"headline\":\"The Bitcoin SV Blockchain &#038; 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