Bitcoin SV is divided into three networks

After the recent hardfork Bitcoin SV (BSV) on the network and the mining block of 210 megabytes (MB), there was a split into three networks.

According to BitMEX Research, last Saturday Bitcoin SV nodes were divided into three groups and, as a result, three separate networks. 65% of the nodes are located in the updated network, 17% are stuck on a block of 210 MB in size, 19% were not updated at all and remained in the network until the fork.

According to Coin Dance, the 210 MB block was acquired by the CoinGeek miner on August 3, with 808,633 transactions taking part in it.

Bitcoin SV, hardfork Bitcoin Cash (BCH), which, in turn, is the fork of the main Bitcoin cryptocurrency (BTC), successfully held its hardfork scheduled for July 24 to increase the block size from the limit of 128 MB to 2 GB.

Before the separation of the network, a BSV supporter and CEO of the MoneyButton payment system that runs on BSV, Ryan H. Charles, posted a message on the company’s blog about problems with managing BSV nodes. In particular, he stated that the Money Button disconnected for three hours, because their Bitcoin SV-node did not have enough memory and it crashed during the stress test:

“Running a node is expensive. The new configuration will cost thousands of dollars per month. As the blocks continue to grow, and we have to repeatedly update, this cost will increase.

Since we do not make money on transactions like miners, it is very expensive for us to manage the node. ”

According to TrustNodes, now the Coin Dance service works in the new Bitcoin SV network, and the former network will probably not be used. This may mean that miners who are stuck in the old network could lose some of the money, since now blocks can be eliminated.

The report also notes that, despite the fact that the recent split is the first of its kind, gigabyte-sized blocks can generate splits with more than three forks.

Earlier, Bitcoin SV had problems called the cumbersome blockchain size. In April, the blockchain of coins has undergone a series of block reorganizations — a situation in which two miners simultaneously detect a block in the blockchain, which causes a temporary network separation. As a rule, block reorganization occurs when the network is too slow for efficient reproduction of blocks.

btcxlab.com on ↪ twitter