By CCN: Coinbase researchers have released their own investigative findings into the recent Bitcoin Cash 51% attack controversy, and their conclusions might upset many Bitcoin maximalists.
When Bitcoin Cash came under attack during a scheduled hardfork in mid-May, a group of miners colluded to reverse the attacked blocks and return misappropriated funds to their rightful owners.
The Bitcoin Cash camp came under heavy fire for this move by BTC supporters. But Friday’s blog post by Coinbase suggests the global cryptocurrency platform ultimately saw good sense in the decision.
BITCOIN CASH 51% ATTACK: WHY IT MATTERS
The Bitcoin Cash upgrade was halted temporarily in early May when an attacker exploited a bug in the blockchain, a refresher can be found here. The attack lasted for a short while before a majority of BCH miners decided something fishy was afoot and took steps to address it.
Bitcoin Cash Vigilante ‘Liquidates’ Upgraded Blockchain Attacker’s Funds https://t.co/vra6vCQ7HK
— CCN.com (@CCNMarkets) May 17, 2019