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Bitcoin Cash [BCH] under attack: An individual vs investors!

Simran Alphonso



Bitcoin Cash [BCH] under attack: An individual vs investors!
Source: Pixabay

An unknown engineer is debilitating to strike the Bitcoin Cash [BCH] coordinated with a progression of spam attacks that the attacker accepts to be sufficient enough to shake the system.

The engineer had addressed individuals about his endeavor in the not-so-distant past, however, on June 22nd, the anonymous attacker said that the surge has begun and trusts it to be undeniably intense in the coming weeks.

Pastebin is a text storage site, a type of online content hosting service where users can store plain text. On such a panel the anonymous attacker who calls itself ‘Bitpino’ was asked about the execution of Bitpino’s plans, the attacker said:

“The combination guarantees several things: 1. The weakest nodes running on VPS’s will crash or run out of bandwidth and become non-responsive. 2. All other nodes will begin to stall out from multiple back-to-back pre-mined 32 Megabyte blocks”

The crypto-attacker believes that the attacks will test every aspect of BCH’s network. Bitpino has planned an attack which is expected to have 5,000 Bitcoin Cash attack nodes in roughly 6 weeks, after which Bitpino will multi-fork the chain.

The attacker on Pastebin spoke about why he is attacking Bitcoin Cash. He stated:

“It is a stress test to validate the integrity of the Bitcoin Cash network on behalf of it’s investors. In the past Bitcoin has been attacked for good and for bad but it’s integrity remains intact which provides investor confidence. The #1 basic rule to all decentralized computer networks is that if it’s not attacked enough to resolve any problems then it will end badly. Skype is the perfect example of a decentralized computer network that was reverse engineered, attacked and subsequently 3 indivduals collapsed all 100,000 backup supernodes leading to a full centralization of the protocol to Microsofts datacenter.”

As of now, no comments regarding the Bitpino incident have been released by the team of Bitcoin Cash.

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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.


John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more





John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!

4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!

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