Bitcoin Knots Says the Network Is Under Attack, Ripple’s Ex-CTO Calls it Nonsense

Bitcoin Knots claimed the Bitcoin network was under attack and block production had slowed, but chain data and other developers say the warning was misleading. The main Bitcoin chain continued producing blocks normally, with the reported slowdown limited to the minority BIP-110 fork chain, which split at block 961,632 with about 2.53% support and stalled after two blocks. Former Ripple CTO David Schwartz publicly criticized the claim as nonsense and warned that it could mislead users without technical context. The article notes that Bitcoin’s market reaction was muted: BTC was trading around $63,979, down about 1.5% on the day, and traders largely ignored the dispute. The piece also highlights internal division around the fork, including OCEAN’s hashrate collapse and plans by supporters to choose a new proof-of-work algorithm on August 11, with a new chain potentially targeted for September 1.