Fake Bitcoin Block & AntPool
As per BitMex analysis along with other observers on Twitter, at block number 584,802 AntPool tried to ‘publish‘ a block that contained an additional 1.265 Bitcoin in its block reward.
However, the block actually didn’t contained any transactions and was submitted 21 seconds ‘after‘ the block number 584,801.
AntPool is seemingly the culprit, having using the same address and coinbase message for both the blocks. AntPool conjointly also mined the valid block number 584,802.
Apparently, one-thing in AntPool’s software created a block that enclosed fees for the required transactions but no transactions ‘themselves‘.
What Actually Happened?
For no other reason, AntPool was attempting to ‘publish‘ a block that paid for a lot of transactions however didn’t actually embody any of them.
Moreover, the block that eventually won and was thereafter published on the blockchain contained a total of 2,455 transactions and fee of solely 0.64968988 that isn’t far away from the 50% of the attempted inflation within the initial block.
However, this all for now is extremely confusing.
On the other hans, Developer Jameson Lopp believes that the bug originated with “block template generation” software, ‘judging‘ by the timing of the unsuccessful block.
Although that seems to a good explanation for now, it’s alot more exciting to imagine Jihan Wu and Bitmain making an attempt to destabilize the bitcoin market. As BitMex research outlined earlier, a minor price drop actually ‘happened‘ right around at the same time.
This is a coincidence, likely.
2019 & The Increasing Bitcoin Madness
Several other things are also happening within the ecosystem of the leading cryptocurrency Bitcoin these days, though: someone was ‘liquidating‘ over 7,000 BTC at $200 USD – $400 USD below the actual market price.
On the other side : as in 2019, presently the long-term “hodlers” are still missing-out too.
AntPool is expected to release an official statement during its business hours in Beijing anytime. As a subsidiary of Bitmain, that vocally supported the BitcoinCash [BCH] hard-fork, AntPool oftentimes mines Bitcoin blocks.
Luke-Jr, a long-time user of strict traditional full-node usage of the Bitcoin network ‘added‘:
In virtually no time, another Twitter user ‘referred‘ the storied developer into referring ‘Decred’ a “scamcoin.”