Bitcoin Knots Says the Network Is Under Attack, Ripple’s Ex-CTO Calls it Nonsense
Bitcoin Knots advised followers early on August 11 that the Bitcoin community faces an assault and that block manufacturing has slowed sharply. Public chain information contradicts that declare.
The warning drew prompt pushback. David Schwartz, the former chief expertise officer at Ripple, accused the challenge of deceptive readers who lack the technical context to examine it.
BTC Keeps Producing Blocks While the Knots Fork Sits Frozen
Bitcoin Knots is an alternate node consumer maintained by veteran developer Luke Dashjr. It filters out information its customers deal with as spam, and it runs on a small slice of the community.
Bitcoin blocks maintain arriving on schedule. The most important chain handed peak 961,963 on August 11, with the final six blocks averaging underneath 10 minutes aside.
The frozen chain belongs to Knots itself. Its controversial BIP-110 soft fork, a rule change meant to squeeze non-monetary information out of Bitcoin blocks, stalled at block 961,633 after producing simply two blocks. The most important community has since pulled greater than 300 blocks forward.
Miners by no means backed the cut up. Support peaked close to 2.53% even after organizers minimize the activation threshold from 95% to 55%, then dropped to zero throughout obligatory signaling. The fork died within days.
Meanwhile, Bitcoin (BTC) trades near $63,979, down 1.5% on the day. Traders have shrugged off the dispute fully.
Experts Tell Bitcoin Node Operators to Ignore the Downgrade Advice
The account by no means named the alleged attackers. Instead, its supporters have recast the lopsided miner vote as sabotage by giant swimming pools.
Knots additionally urged customers to remain on its software program, warning that weaker consensus guidelines invite false confirmations. Developers outdoors the challenge reject that framing. Bitcoin Core nodes comply with the chain that the majority hashpower secures, and that chain by no means stopped.
Schwartz put it bluntly:
Trust in the camp had already thinned. Mining pool OCEAN, co-founded by Knots maintainer Luke Dashjr, admitted routing miners onto the minority chain with out clear consent. Its hashrate collapsed by 96% quickly after.
Backers aren’t accomplished, nonetheless. The group will decide a brand new proof-of-work algorithm on August 11 at 14:00 UTC via a deterministic attract its Discord. Such a change would strip at this time’s Bitcoin miners of any function on a breakaway chain, which supporters intention to launch by September 1.
Whether anybody follows them stays an open query. Adam Back has already dismissed the campaign as unserious. The subsequent three weeks will present whether or not the September plan attracts extra hashpower than the final try did.
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