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This BTC and BSV node transaction may make you spend double

bsv bch node that sends you spending double

On the 15th November of this year, Bitcoin Cash hard fork occurred and two rival teams emerged from this bisection which was BTC ABC and BTC SV. On 7th of December this year the BTC SV surpassed BTC ABC and this is the first incident where the rivalry is prominent.

But a recent observation by a node suggested that the same coins could be spent two times on the BTC SV network through a zero-configuration networking system.

In 2017, BCH was formed due to a hard fork from BTC. It was formed with a zero-configuration networking system or “0-conf”. This enables instant and confirmed transactions.

But it was recently observed by a node called “Reizu” that spending the same coins twice in a zero-configuration networking system is possible. This has raised questions to the security of the network. He further mentions that he found this feature by using a program he made to practice coding.

BSV has been involved in a lot of controversies since the day it emerged. People compare it to Bitcoin because Bitcoin has a decentralized system whereas BSV works on a centralized system

Reizu said that he confirmed the fact that BSV is centralized in its mining because the mined dealings were being sent to the same nodes over again.

Reizu thinks that there is a dire need to find a solution to this and he says that communication just might be the solution. The users dealing should communicate and give evidence when a double spending occurs.

BSV is currently trading at the rate of a hundred dollars ($100) and Bitcoin Cash is being traded at the rate of a hundred and one dollars ($101).

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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