BCH Hardfork War Almost Over And Its a Win for Bitcoin (ABC)
On November 15, BCH developers prepared to undergo its next hard fork, a split of the blockchain, which would give birth to new tokens named Bitcoin SV (Satoshi’s Vision), Bitcoin Unlimited and Bitcoin ABC.
Well, the fork is now almost complete and it seems that Bitcoin (ABC) is the winner with Bitcoin SV nodes already crashing.
Source: https://cash.coin.dance/
At the time of reporting few blocks were already mined on the Bitcoin ABC blockchain.
Crypto journalist, Joseph young also tweeted:
Bitcoin Cash (ABC) ahead, more hash power, more activity, higher price. 4x higher price (margin).
Seems like a win for BCH. Jihan Wu and Chinese miners not even needed. Certainly not enough for a 51% attack on BCH. BSV nodes reportedly crashing.
Faketoshi lost, community won pic.twitter.com/5LzuKMX3lf
— Joseph Young (@iamjosephyoung) November 15, 2018
What does it mean for Bitcoin cash?
The future development of Bitcoin Cash is seen by the developers as the implementation of three core ideas.
- Improving 0-conf transactions for making the payment experience instant and reliable without changes to the consensus rules.
- Enabling massive on-chain scaling through the removal of the mempool admittance code and mining RPC.
- Improving fungibility.
With “Adjustable Blocksize Cap” as the faction’s name and slogan, this most popular Bitcoin Cash client also acts in the interest of node operators and intends to allow them “to adjust their block size limit.” The changes are planned to be implemented by “removing software bottlenecks.”
What will the effect on bitcoin ABC prices? Any guesses.
- Trump Tariffs: U.S. President Threatens 155% Tariff on China, Bitcoin Falls
- Hassett Says Government Shutdown Could End This Week as Crypto Markets Brace for Inflation Data
- ‘Floki Is The CEO’: FLOKI Surges Over 20% After Elon Musk’s Name Drop
- Breaking: Ripple-Backed Evernorth to Establish $1B XRP Treasury to ‘Accelerate’ XRP’s Adoption
- Breaking: Michael Saylor’s Strategy Acquires 168 Bitcoin as Crypto Market Rebounds
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
