Bitcoin Satoshi Vision (BSV), has been hit by a serious attack, currently casting doubt among its community, as well as the crypto community at large, about the reliability of the asset.
An unknown entity holds majority control of the Bitcoin SV network.
THE BSV NETWORK CAN BE REWRITTEN BY AN UNKNOWN POOL THAT CURRENTLY HOLDS MOST OF THE NETWORK'S HASH POWER.
A mining pool, the origin of which is currently unknown, has acquired the majority of its hash power. What is worse is that the pool's control over the network appears to be increasing. The co-indance data show that in about ten days, the hash power of the pool has increased from 675 PH / st to 1535 PH/s.
The person(s) behind the pool can make unwanted changes to the network if they wish.
Currently at $218.96, BSV is the sixth largest numerical asset in terms of market capitalization, with a valuation of $3.09 billion. However, it is one of the most controversial assets in the market. BSV was long touted by founder Craig Wright as the original Bitcoin plan. But the fact that this happened is certainly bad for the community.
Craig Wright is also the most controversial figure in crypto. He has repeatedly claimed that he was the real Satoshi Nakamoto, the founder of Bitcoin, and has gone so far as to take legal action against anyone who disagrees.
At the end of February, Binance's CEO Changpeng Zhao expressed his views on Wright and BSV. According to Zhao, Wright is a fraud and anyone who invests in BSV will regret it. Binance wrote off BSV in April 2019.
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