Cryptocurrency

21/11/18 06:25 UTC-4

Differences between Bitcoin Cash parties

Differences Between Bitcoin Cash
Differences Between Bitcoin Cash

Six days have passed since Bitcoin Cash split, and neither party is ready to rejoin.

Moreover, cryptocurrency exchanges froze Bitcoin Cash stocks on the eve of the hard  fork activation, which is expected on Thursday November 22. The market experts think that the two parts will remain apart forever.

On Tuesday, Coinbase, one of the largest US cryptocurrency exchanges, confirmed that "it now is ready to resume a previously limited bitcoin cash tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
."

In addition, Coinbase informed that its intention was to ultimately support the division of Bitcoin Cash – Satoshi Vision and Bitcoin SV.

Other exchangers such as Poloniex and Bitfinex have already begun to support active trading for both networks, simply completely destroying the BCH source code and differentiating two cryptocurrencies like BCHABC or BAB, BCHSV or BSV.

In addition, data from Coin Dance show that the Bitcoin ABC chain bypasses Bitcoin SV both in terms of number of blocks and in the work of the chain.

Despite the apparent lack of market price and number of mined units, supporters of Bitcoin SV claim that the plans to outrace Bitcoin ABC are steadfast.

Craig Right, leading Bitcoin SV supporter and nChain’s chief scientist who developed the Bitcoin SV card, said to the CoinDesk, "We are still competing. It will take some time. It's not a split, it's a situation where only the strongest one survives. It will be Bitcoin SV ".

Roger Ver, general manager of the bitcoin.com pool and Bitcoin ABC fan, claims that the current hashHash
(hashing) – a cryptographic term that means changing the input data of different sizes into the original data of a clearly defined size, using a special mathematical algorithm.Details
capacity that generates Bitcoin ABC blocks can last for several months.

Thus, the competition between Bitcoin ABC and Bitcoin SV is far from over due to the hostility between the chains.

According to the data from TradingView, Bitcoin Cash's price for the day before hard forkFork
– is the intentional use of one code base of a software project to start another. That is, changing the blockchain code to split it into two.Details
activation reached a maximum of $ 504.04. Since its inception, Bitcoin ABC has barely shot at a price of $ 300.

Supporters of cryptocurrency argue that there are currently large losses on both sides.

Speaking of "losing everything" and the damage of the reputation of both Bitcoin ABC and SV, Ryan X Charles, general manager of the Money Button Online Payment Platform, confirmed to CoinDesk that events "are not over" .

Editor: Yuliya Soroka

See also: "Bitcoin drop below $ 4000. Reasons for the fall"

#Bitcoin Cash #ABC #SV #hardfork

Comments

Similar

07/05/19 06:00 UTC-4

Bitcoin rate is growing: BTC crossed the $6,000 barrier

On May 7, the first Bitcoin cryptocurrency increased by 4.29%. Now, the weighted average rate of digital gold is $5,929. At the same time, the "high" deals in today's trading session have already crossed the border of the psychological barrier of $6,000.

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other