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Bitcoin and the 100% Uptime? Downtime When China Banned BTC mining

January 2, 2022
Source: thecurrencyanalytics.com thecurrencyanalytics.com
News Snapshot:
Cryptocurrency News Cryptocurrency News – REAL News ® – TCAT Dan Held Shared: Bitcoin has had 100% uptime since 2013. Pretty incredible, when you think about it. Community Response: Not true. There was 3 hour no transaction window due to high difficulty when china banned mining, resulting to unavailability to find next block, until protocol reacted and lower differential. That’s not “downtime.” The network was working perfectly. It’s called the “difficulty adjustment.” Google it. I think that’s questionable: Yes – The Network works as designed, but not producing blocks means unavailability of service for all users, who had to wait...
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Tags: Attack | banking | bitcoin | block | blockchain | BTC | China | community | crypto | cryptocurrency | currency | fine | fintech | Google | Internet | IT | network | news | online | POS | search engine | server | service | technology | True

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