What is the scope and impact of Bitcoin time warp attacks cyber criminals? Should the software bug be fixed?

Colleagues, crypto time warp attacks occur when miners collude to report incorrect timestamps that are farther apart, messing with the rate at which blocks can be mined. Incorrect timestamps are do occur and can be innocuous. Chain Analysis reports that timestamp errors have steadily decline since 2018. However, specific manipulation by miners who bends the rules with the goal of creating illegitimate tokens is cybercrime … pure and simple. Bitcoin (along with Litecoin) are most susceptible to time warp attacks. However, some argue that the same Blockchain bug which allows these attacks have favorable unintended positive side effects … faster transaction speeds and attraction of more users. By contrast, if the difficulty of creating a new block is low, a cyber-criminal can mine many fast coins, or in the case of a small chain, a criminal with 51% hash power could reduce the difficulty to one and mine a new fork from the original block. The debate continues within the Bitcoin developer community. While consensus will be hard to reach, the community needs to reach at least a majority vote or risk a division, which split BTC into Bitcoin and Bitcoin Cash in 2017. Post a comment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)