Not sure "deadliest" is the right way to call this, lol. It's more like one of the very few unsuccessfully exploited flaws at the time.
If the exploit hadn't been discovered or something like that, it's highly possible that a fork would have taken place with the fixed bug. In my opinion, that flaw actually helped Bitcoin in a way: it showed us all that Bitcoin's strength only improves over time.
Topic: Deadliest Bug in Bitcoin history - page 2. (Read 400 times)
If this hack would have been a success the existence of Bitcoin would have been dangered. I do not think Bitcoin would have ever reached the present price level and people would have never knew about it.
The most devastating Bitcoin bug in history was the 92 billion Bitcoin that was created from out of thin air. This hack was as a result of security flaw that was found and exploited by the anonymous hacker. Going by todays Bitcoin price the hacker should have been swimming with trillions of $dollars and the wealthiest person on earth. This hack was made possible because of a number overflow error. This hack caused pandemonium among Bitcoin community and thanks to Bitcoin enthusiasts who were able to arrest the case without a major damage to Bitcoin.
The hacked 92 billion Bitcoin transactions were all cancelled and the Blockchain was roll back to its pre-hack state. source
The question is, assume this hack went through and transactions successful, will Bitcoin still remain the same as it is now? Considering the fact that, there are only 21million Bitcoin programed to be in circulation.
Below threads depict the zeal’s among Bitcoin community in the recovery of this incident; can’t the same community help in recovery funds whenever there’s major hack in the network?.
Strange block 74638
overflow bug SERIOUS
Version 0.3.10 - block 74638 overflow PATCH!
The hacked 92 billion Bitcoin transactions were all cancelled and the Blockchain was roll back to its pre-hack state. source
The question is, assume this hack went through and transactions successful, will Bitcoin still remain the same as it is now? Considering the fact that, there are only 21million Bitcoin programed to be in circulation.
Below threads depict the zeal’s among Bitcoin community in the recovery of this incident; can’t the same community help in recovery funds whenever there’s major hack in the network?.
Strange block 74638
overflow bug SERIOUS
Version 0.3.10 - block 74638 overflow PATCH!
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