Miners Lost Over $50,000 from the Bitcoin Hardfork Last Weekend

By July 9, 2015Bitcoin Business

This past weekend, bitcoin miners lost up to US$50,000 as the Bitcoin network was affected by the generation of invalid blocks due to the appearance of two separate versions of the blockchain or a “fork.” This fork continued to exist for six blocks and later, three more invalid blocks were generated as the issue repeated the following day.

This article will look at the reason for this problem, possible solutions and blockchain alternatives. Under the […]

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