Bitcoin’s Rare 184 Billion BTC Bug Recounted, How Satoshi Fixed This Problem

Bitcoin's Rare 184 Billion BTC Bug Recounted, How Satoshi Fixed This Problem
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coinbase director Conor Groganwho goes by “Conor” in X, recalls a strange incident that occurred on the Bitcoin blockchain several years ago.

Obviously, this was around the time Satoshi was still around, in August 2010. Bitcoin’s pseudonymous founder, Satoshi Nakamoto, drifted away from the community in December 2010, according to recorded history.

Grogan says that more than 13 years ago, someone took advantage of a bug to create 184,467,440,737 BTC. Bitcoin experienced a value overflow incident in mined BTC block 74,638 on August 15, 2010, at 7:53:59 am.

The block mentioned above was responsible for the value overflow incident, also known as the “184 billion bitcoin bug”, which resulted in the creation of 184,467,440,737.09 Bitcoins that were split equally, sending 92233720368.54 Bitcoin to two addresses.

This was possible because the code used to verify transactions before including them in a block did not take into account the case of outputs so large that they overflowed when added.

BTC creator Satoshi Nakamoto immediately sprang into action. Satoshi forked the blockchain within five hours and the transaction (along with all others between the forks) was discarded. Surprisingly, the perpetrator of the attempted exploitation was never identified.

A new version of the Bitcoin client was released within a short period of time, five hours after the discovery, and contained a soft fork change to the consensus rules that rejected output value overflow transactions, as well as any transactions that paid more than 21 million Bitcoins out for any reason.

Bitcoin continues to prove functional and secure

Since its creation in 2009, Bitcoin has come a long way. What has remained constant is the harsh limit imposed by Satoshi Nakamoto, its pseudonymous creator, whose true identity remains unknown.

Satoshi left the maximum Bitcoin supply capped at 21 million in the source code, meaning no more can be mined or distributed.

Because the entire network periodically reviews the Bitcoin blockchain, it is considered hack-proof. As a result, attacks on the blockchain are extremely unlikely. Bitcoin has never been 51% attacked and has never been taken down, even for a short period.

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