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Author Topic: Bitcoin Cash is divided into two competing networks.  (Read 831 times)

Offline Paha87

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Bitcoin Cash is divided into two competing networks.
« on: November 16, 2018, 07:57:32 AM »




After activating the hard fork code on November 15, the Bitcoin Cash network split into two independent networks supported by the Bitcoin ABC and Bitcoin SV teams.

None of the parties, whose disputes led to the branching of the network, was not ready to come to a compromise and as a result of The bitcoin Cash hard fork, two competing implementations of the Protocol were activated. However, at this stage, it is unclear which of the two blockchains will become the dominant software of the BCH network, or whether the two different networks will continue to co-exist in the long run.

The last "common block" of Bitcoin Cash number 556'766 were found SVPool pool. As at the time of printing Bitcoin.com -supporting Bitcoin ABC-launched its blockchain, according to Coin.Dance.

Recall that the implementation implemented by Bitcoin ABC, a leading group of Bitcoin Cash developers, introduced a series of technical updates to the network, such as reordering transactions to increase blockchain throughput, as well as additional code to support greater compatibility between cryptocurrencies.

Another implementation, called Bitcoin "Vision Satoshi" Bitcoin or SV reject these changes, instead valitsivat block size network with 32 MB to 128 MB.

In the run-up to this event, Bitcoin SV supporter Craig Wright's threats of sabotage suggested that the potential use of hash power to deploy the network by the Bitcoin SV team and the creation of empty blocks in the blockchain rival from the Bitcoin ABC team could lead to the deadly destruction of the opposite network.

The developers of Bitcoin ABC replied that such an event is unlikely, but three days before the activation of the hard fork, it turned out that the mining pools processing Bitcoin Cash and supporting the vision of Bitcoin SV actually consolidated most of the entire hash power of the network, which indicates the ability to fulfill these threats.

These numbers are specific to the hash power is still heavily subject to change. In fact, it remains possible to move miners from one network to another, and increase resources to strengthen one of the resulting network branching.

Given that several platforms are carefully tracking the results of upcoming events, the future of Bitcoin Cash is still uncertain.

Link to the source of information (Russian) - https://altstake.io/news/bitcoin-cash-razdelilsya-na-dve-konkuriruyuschieseti

Altcoins Talks - Cryptocurrency Forum

Bitcoin Cash is divided into two competing networks.
« on: November 16, 2018, 07:57:32 AM »

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