Ninjastic
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Board Bitcoin Discussion
Re: Whats wrong with the blockchain right now?
by
turvarya
on 14/07/2015, 06:43:17 UTC
Quote from: orsotheysaid on July 13, 2015, 10:52:45 PM
Quote from: dothebeats on July 13, 2015, 08:21:47 PM
Quote from: CryptoRev on July 13, 2015, 08:13:44 PM
https://bitcoin.org/en/alert/2015-07-04-spv-mining

Miners generating invalid blocks. Wait for 30 confirmations? that will take a looooong time. Whats wrong and how worried should we be?

I think that was the blockchain split on the 4th of July, for more info refer to this thread: https://bitcointalk.org/index.php?topic=1108304.0

The blockchain has split like 6 times during this month already, andreas said so in a recent video.
according to https://bitcoin.org/en/alert/2015-07-04-spv-mining it split 2 times.
The first time, the split lasted 6 blocks, the second time it lasted 3 blocks.
To wait 30 confirmation seems like an overkill, I never really understood that. On the other hand, the split touched the magical barrier of waiting 6 confirmations to be safe.
But, as far as I know, there was no double spend and every transaction in the invalid chain, also got into the valid chain.