Post
Topic
Board Marketplace (Altcoins)
Re: bter hacked and lost 50m nxt
by
coinsolidation
on 15/08/2014, 19:12:21 UTC
This is the fundamental design of blockchain technology.

Correct. It is distributed and decentralized governance, what the majority decides goes. This happens constantly whether it's moving to a new client or upgrading to a new protocol. That is the design.

Here it is in code https://github.com/bitcoin/bitcoin/blob/master/src/main.cpp#L2474

Code:
       // Reject block.nVersion=1 blocks when 95% (75% on testnet) of the network has upgraded:
        if (block.nVersion < 2 &&
            CBlockIndex::IsSuperMajority(2, pindexPrev, Params().RejectBlockOutdatedMajority()))
        {
            return state.Invalid(error("AcceptBlock() : rejected nVersion=1 block"),
                                 REJECT_OBSOLETE, "bad-version");
        }