Sad Irony
It wasn’t too long ago in 2017 that Bitcoin (BTC) went through a long civil war over the future of its very existence. As a result, Bitcoin Cash (BCH) emerged and provided those with a different vision for the future of “Bitcoin” to grow, develop, and continue in their respective way.
BTC continued its chosen solution for scalability by implementing segregated witness (SegWit) and off-chain applications, such as the Lightning Network, and BCH chose to increase the block size from 1MB to 8MB, which contain the transactional data when using these blockchains.
Fast-forward to the time of writing (November 2018) and BCH now faces a similar situation to what BTC has been through, a decisive hard fork on November 15th, where two ideologies can no longer coexist in the same ecosystem.
Source: https://www.bitcoincash.org/
BCH has gone through numerous successful hard forks over the last year, but the difference this time is that the next one due to happen on November 15th has not managed to gain consensus from the whole community, with two opposing sides (Bitcoin ABC and Bitcoin SV/nChain [Satoshi’s Vision]) causing tensions to escalate.
At the center of the debate and pushing the Bitcoin SV campaign forward is the controversial figure Craig Wright, who “claims” to be the mysterious creator of Bitcoin, Satoshi Nakamoto. However, no evidence of this has been given as of yet.
Wright is also leader of nChain, a “global leader in research and development of Blockchain…”
The leading implementation, Bitcoin ABC, is embraced by the community overall, while also being heavily supported by mining giant Bitmain and popular cryptocurrency personality Roger Ver, of Bitcoin.com.
If you are new to blockchain tech and the crypto sector, it might help to know how Bitcoin Cash emerged and catch up on what the difference between BTC and BCH is and what triggered the community to splinter in the first place.
How many versions of Bitcoin are there?
SegWit activation.
What is a hard/soft fork?
What is hashing power?
Is This a Debate of Technology or Ego? Threatening Emails and More!
FIND OUT FROM THE EXCLUSIVE ARTICLE HERE >>https://www.crushthestreet.com/articles/digital-currencies/forking-the-fork-bitcoin-cash-drama-intensifies-over-looming-hard-fork-will-it-survive
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