The Bitcoin Cash (BCH) network saga keeps on rolling with both sides keep on allegating each other. The latest ‘fight’ is going on between Miami-based UnitedCorp on one side, and Bitmain, Kraken exchange and Bitcoin.com CEO Roger Ver on the other.
After weeks of stability, in the past week alone, Bitcoin (BTC) has collapsed under $4,500 in a surprising bout of selling pressure. So, many have claimed that the crypto market has been struggling, and that’s even putting it lightly.
As the Bitcoin SV network undergoes block reorg overwriting the data of different blocks, several exchanges issue warning on the SV network instability and possible delisting.
Miners on both sides of the Bitcoin Cash divide are currently running at significant losses after the hard fork of November 15, crypto experts from BitMex exchange have claimed.
Recent Bitcoin Cash hard fork split the whole crypto community into two warring camps trying to gain the dominance over the hash power of the network. Bitcoin.com mining pool chose ABC side providing all of its hash power in support for mining the altcoin.
As both camps engage in the war for gaining dominance over the hash power, here a look into how things have turned so far.
After BCH hard fork has completed, Binance announced that they added both a BCHSV and BCHABC trading pair to their website, indicating it will likely honor both Bitcoin Cash forks, issuing double tokens to all BCH holders.
The long-anticipated hard fork of the Bitcoin Cash blockchain has gone live, with reports confirming that the first mined block came from the BCHABC protocol, even though SV boasted a much larger hashrate in the days preceding the split.
Here’s a look into some of the possibilities post the BCH hard fork and what can happen if Bitcoin SV manages to occupy the majority hash power. Put your seat-belts ON.
Craig Wright, the man claims to be the real Satoshi Nakamoto and pseudonymous creator of Bitcoin, has threatened to crash the price of ‘his’ headline cryptocurrency if miners support the Bitcoin Cash ABC project in the upcoming fork.