Before The Upgrade:
Bitcoin miners switch to Bitcoin Cash when it becomes more profitable.. when the price rises… now Bitcoin Cash suddenly has super fast transaction times while Bitcoin becomes super slow, and the Bitcoin fees skyrocket to $20 per transaction, making it very difficult to make a transaction.
…And when the mining difficulty adjusts after a few days… the miners are all gone. The Bitcoin Cash network power goes to almost zero, leaving it with a slow transaction time.
After the upgrade:
The upgrade implements the DAA (Difficulty Adjustment Algorithm).
What is that exactly? Remember when I just told you that when the DIFFICULTY adjusts, Bitcoin miners LEAVE?
Well, that’s what the upgrade is changing.
“We should see a split of the hashrate (network power) between BTC and BCH that is close to the split in term of price.”
As the price of Bitcoin Cash rises, Bitcoin miners will switch
to Bitcoin Cash … and STAY THERE.
The legacy Bitcoin network becomes crippled at that point, and almost unusable. The network power will NOT switch back to Bitcoin.
People will send their transactions as quick as possible to get out of Bitcoin, and it will be a sinking ship like the Titanic.
Besides, what incentives do miners have when Blockstream (the company behind Bitcoin) wants the fees to go to “peer-to-peer liquidity providers, and not miners.”, as they recently admitted in their investor letter?
Nice Bro
amak follow koro..ami o tumak korteci
https://steemit.com/@mdmosaddek.
amke sobai follow khoro ami tomader follow khorbo... amke ad khoro tomader whattsapp gurop a my no:01954460961
nice post
@mdshihab
Brother I vote for every post and comment you did not answer me a comment
Vai amak follow koren r upvote den
good post
nice....bro
hi rihaan vai nice post..
Nice post vai.. follow back koren vai plzzzz
copy post korle @cheetah reoly kore. kono problem hobe naki?
Nice
Vai ami telegram e apnr group e asi
Nice post....
My telegram no 01754366464
vai amio join hoite cai
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://medium.com/@luxushub/why-bitcoin-cash-will-become-the-dominant-bitcoin-in-the-next-month-f42708d60705
wow
Nice post ...and also good fact
nice vaiya
hmm
plz...
follow me..😊😊
Boss follow me
nice
Wow :)
Follow me I follow you
Groupe kinto add korben apnar video delete id kolchi
nice post
nice
Nice
nice post
@mdshihab
vai group kholan
nice
Rihanda akta group banao
nice post
Nice
Please follow and upvote me..i will follow and upvote you
Rehan Bhai Amar kyu help Korean
Nice post Apnake follow adn upvote
disi hope you done same
ar apnar grp a join koraben
best
vaya ami tomare follow korsi amare group a niyo please amareo aktu upvote koiro
nc
vai nice
Wow..that's good
Congratulations @rihaan!
Your post was mentioned in the hit parade in the following category: