Bitcoin Cash Hard Fork Completed, Economic Wars Started

Bitcoin Cash Hard Fork Completed, Economic Wars Started

What will happen with the upcoming Bitcoin Cash Hard Fork? 🍴

Bitcoin Cash split into Bitcoin ABC at block 556767 last night and Bitcoin SV. After the hard fork, the communities of both coins will begin to feud, and representatives of SV intend to attack the ABC network to win the competition..

After separation, most of the users and companies preferred Bitcoin ABC, this is confirmed by the initial support of 74% of the nodes, against 8% for Bitcoin SV. The initial market value of the coins of $ 320 and $ 80, respectively, was divided in a similar way..

However, BCHSV proponents Craig S. Wright and billionaire Calvin Ayre, who supposedly own 75% of the computing power of the former bitcoin cash, have openly stated that they intend to use this superiority to mine empty BCHABC blocks and constantly reorganize the blockchain until most of the competitor’s proponents switch. to them.

In order to counter the attacks, Roger Ver, who is the CEO of and leads the ABC branch, has decided to temporarily relocate all of his Bitcoin mining hashrate (BTC) to support the upgrade. but experts believe that the economic majority will eventually win and miners will quickly abandon the BCHSV blockchain.

Bitcoin Cash Hard Fork Completed, Economic Wars Started

Problems with mining may soon also arise in the ethereum network, since according to a study by Susquehanna, since November 2018, ether mining on video cards has become unprofitable..

text: Ivan Malichenko, photo: cryptojet