MultiversX Tracker is Live!

TIL In 2010, someone exploited Bitcoin's code and created 184 billion Bitcoins

All Cryptocurrencies

by COINS NEWS 49 Views

In August of 2010, someone found a flaw in Bitcoin's code and exploited it to make 184 billion Bitcoins, even though the total amount amount of Bitcoins that could ever be created was capped at 21m.

All of that Bitcoin was on block "74,638", and was owned by 2 addresses.

It however was quickly spotted on the forum by Jeff Garzik.

The bug was fixed by Satoshi Nakamoto himself, taking around 5 hours. He released a new patch and they created a new fork, which solves the issue.

It's lucky that this happened when it wasn't valued at all, because had something like this happened today, I can't imagine the amount of money that would be lost.

The issue was later called "Value overflow bug".

It would lose all it's value with a single person owning 184 billion, making it almost worthless.

Further read:

https://decrypt.co/39750/184-billion-bitcoin-anonymous-creator

submitted by /u/Elie0_0
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments