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RE: Proof of Work coins like Bytecoin can now be 51% attacked for just $500? Bitcoin private for only $700? New Website shows which POW coins can be 51% attacked for cheap! DPOS is the future!

in #cryptocurrency7 years ago

If you google "bitcoin history" and click on the Wikipedia page and scroll down a bit you will see this

On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.[26][27] On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol.[28] This was the only major security flaw found and exploited in bitcoin's history.[26][27]