By Bitcoin Cash (BCH) recently experience technical difficulties during the course of a planned hard fork update, as the network encountered issues processing transactions. The news was broken via a tweet from crypto exchange BitMEX on May 15th.
This occurred at the expected fork at block 582,680 when the network allegedly began encountering issues with transactions.
BitMex stated that the number of transactions per block was minuscule with 0 in the last 9 blocks starting at block 582,687.
As per data gleaned from CoinDance, the most significant number of blocks which were mined after the hard fork were only processing transactions on Coinbase. On the other hand, BitMex stated that their mempool had 1,622 confirmed transactions.
After a myriad of comments from the community popped up regarding these empty blocks, devs got down to business and released a patch to rectify the bug.
Back in April, it was reported that bitcoin SV which was a result of another bitcoin cash hard fork which was implemented last year was having trouble with large block sizes in light of a series of block re-organizations. BitMEX responded to comments on the discovery and detected two valid, yet competing chains as a split occurred at block 578,639.
At the time, BitMEX’s node followed the chain on the left until block 578,642, which then further jumped to the right. An hour passed and apparently, the chain hopped back to the left side. However, BitMEX noted that no double spends occurred.
Earlier in May, it was revealed that a single address was behind more than half the bitcoin cash transactions during April. This mystery account accounted for more than 587,000 transactions since it became active on April 8th.
At the time of press, bitcoin cash the fourth largest cryptocurrency by market cap according to data from CoinMarketCap. BCH s trading at around $362 at the time of press.
Comments