When bitcoin almost died an untimely death!
When bitcoin almost died an untimely death!
In 2010, the code responsible for the verification of transactions in the chain was not compatible with large quantities. This error was exploited by a hacker who created billions of btc, at a time when the supply was less than one million.
Within 5 HOURS, #satoshinakamoto had come to rescue, hard the blockchain and erasing the 184 billion bitcoins. So it was launched v0. 3.1 Patch to the bitcoin kernel, and the miners were urged not to mine this "bad" Blockchain. After 20 hours, the real "good" blockchain became the dominant chain, the same one we are using today!
If this hack had not been rectified then in due time, bitcoin as we know today would have died there well, in block # 74638 with zero value. All the #cryptoverse that keeps us on edge, would have ceased to exist. Imagine that!
Naturally, we all know how everything worked later. Bitcoin became the phenomenon of the 21st century. At $ 0.03 start, reaching your $ 19k peak, surviving the 2018 crypto bubble and going strong! There is still a long way to go and satoshi has turned his back on us, he continues with the people of #hodl.
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