Bitcoin SV facing 51% Attack silently

Reportedly Bitcoin SV (Bitcoin Satoshi Vision) faced 51% on its network last day. But the team behind Bitcoin Satoshi Vision didn’t talk about this attack but they are guiding validators to run nodes in this situation.

On 3 August, Bitcoin SV got attacked through “51% attack” on the main network. The bitcoin association which is behind the Bitcoin SV didn’t announce or discuss this matter in the crypto community. They are only guiding the validators to run nodes & how to respond against invalid nodes to make out from the network. 

Actually this attack on Bitcoin SV came to light when Coin Metrics informed the crypto community about it on Twitter on 3 August.

So clearly according to the Farum, on the network it takes 51% attack take place at 11:45AM EDT. 

All of our FARUM nodes witnessed a deep reorg with a max depth of 14 blocks. 

“No further reorganization events have been witnessed, but there are still synchronization conflicts taking place on major mining pool”

Coinmetric 

Earlier in the beginning of the crypto world, everyone knew what 51% attack and how it can be dangerous for blockchain networks but no one expected that coins like bitcoin SV will face such attacks. Because  Bitcoin SV is a forked coin of Bitcoin cash & Bitcoin cash is a forked coin of Bitcoin. So Indirectly Bitcoin SV is supported by the team of Bitcoin which is king of the crypto market, so how can we expect such an attack. 

Related: What is a 51% Attack on Blockchain? How does a 51% attack work?

Recently, Vitalik Buterin talked about the 51% attack and explained how it can be dangerous for a coin/token in a blockchain network & how people may face big transactions issues due to this effect. Through the consideration of 51% attack risk factor, he supported his decision to shift Ethereum from Ethereum 2.0 to bring ETH Network on Proof-of-stake.

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