According to the Gate.io News bot, as reported by Wu, Zak Cole, co-founder of Corn, recalled a significant event in the history of Bitcoin. On August 15, 2010, a system vulnerability led to the erroneous creation of 184 billion BTC, which were deposited into two addresses, each holding approximately 92 billion.
Satoshi Nakamoto and other developers quickly took action, releasing a new client version with a soft fork within 5 hours. After all nodes completed the upgrade at block 74691, the new chain replaced the old chain, and the blocks containing abnormal transactions were removed.
Zak Cole pointed out in a post: "What saves Bitcoin is people, not code." He emphasized that the scarcity of Bitcoin relies on community maintenance, rather than solely depending on code.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin historical event: In 2010, a system vulnerability led to the erroneous generation of 184 billion BTC.
According to the Gate.io News bot, as reported by Wu, Zak Cole, co-founder of Corn, recalled a significant event in the history of Bitcoin. On August 15, 2010, a system vulnerability led to the erroneous creation of 184 billion BTC, which were deposited into two addresses, each holding approximately 92 billion.
Satoshi Nakamoto and other developers quickly took action, releasing a new client version with a soft fork within 5 hours. After all nodes completed the upgrade at block 74691, the new chain replaced the old chain, and the blocks containing abnormal transactions were removed.
Zak Cole pointed out in a post: "What saves Bitcoin is people, not code." He emphasized that the scarcity of Bitcoin relies on community maintenance, rather than solely depending on code.