Bitcoin Cash Community Split Down the Middle

Date : 08/24/2018 @ 5:34PM
Source :ADVFN Crypto NewsWire
Stock : Bitcoin Cash ABC (BCHEUR)
Quote : 420.20000000  2.11000000 (0.50%) @ 12:49AM
Bitcoin Cash ABC share price Chart

Bitcoin Cash Community Split Down the Middle

Bitcoin Global News (BGN)

August 24, 2018 -- ADVFN Crypto NewsWire -- As it turns out, Bitcoin Cash might be splitting and even forking, in a way that is almost synonymous with their genesis from the Bitcoin Network last year.

Up until recently, they had been known as a community that has at least been united in their stand against the market dominance of Bitcoin, which has included being for bigger blocks as well as overall, more transactions over a shorter period of time.

According to Coindesk, from the beginning of 2018 until now, the community has been becoming more and more contentious, which has been helped along by software releases like Bitcoin ABC, which was not announced as a fork of Bitcoin Cash, though it still appears to be one.

Adding to the chaos is Craig Wright and Calvin Ayre’s response in opposition to Bitcoin ABC, which is called Bitcoin SV.

In essence, Bitcoin ABC was built to enable the usage of oracles, the functionality of something called canonical transaction ordering, and a few minor technical fixes. What may not be clear is what we mean here by canonical transaction ordering. Judging by BitcoinABC’s press release, in a basic sense, it is a technical feature that should allow the network to grow more efficiently over time.

On the other hand, there’s Bitcoin SV, which, it could be argued, is synonymous in a political sense with an ideology that prefers the status quo. Judging by CoinDesk’s article on the two software fixes, Bitcoin SV amounts to a large increase in the Bitcoin Cash chain’s block size, while keeping everything else about the network the same. In other words, Bitcoin SV aims to make it as if Bitcoin ABC never happened.

What makes this uncertain state of the Bitcoin Cash network all the more worse is that the SV camp is being led by the same man who has erroneously claimed that he is Satoshi Nakamoto. Finally, during all of this, the opinion of the community’s leader, Roger Ver, seems to be nowhere to be found.

 

 

By: BGN Editorial Staff






 

 

 

News:

Bitcoin Cash (BCH)

Cryptocurrency

Bitcoin Cash ABC (COIN:BCHEUR)
Historical Stock Chart

1 Year : From Jun 2018 to Jun 2019

Click Here for more Bitcoin Cash ABC Charts.

Bitcoin Cash ABC (COIN:BCHEUR)
Intraday Stock Chart

Today : Tuesday 25 June 2019

Click Here for more Bitcoin Cash ABC Charts.

Latest BCHEUR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190625 23:50:31