Major divide of the Bitcoin Cash cryptocurrency

16 Nov 2018

Following the dispute in the consensus mechanisms, fourth largest cryptocurrency Bitcoin Cash which emerged from the Bitcoin fork in August 2017, was split into two new competing forks (versions). New version of Bitcoin Cash provides the blocks in the blockchain which are considerably bigger than the existing one. This change is reasoned by the ability of blockchain to scale for massive amounts of transaction. Bitcoin Cash is now divided on Bitcoin Cash ABC (BCHABC), and Bitcoin Cash Satoshi Vision (BCHSV). Two competing chains are struggling for the majority of hashrate power and to emerge as a winning chain which will attract more users of Bitcoin Cash cryptocurrency.

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The digital currencies story is a continuation of the long-running saga of economics, markets, and commodity exchange in human society. With the constant rise of the global network, we have witnessed many global services becoming widely accepted and in a way changing (by adding to) our experience of mutual interaction.

 

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