The ABC vs SV BCH hashwar brought some hard times
During the period of the ABC vs SV BCH hashwar, the fiat prices of the cryptocurrencies went through a turmoil. This happened right after the first chain-split of Bitcoin cash, which resulted directly into another chain-split that put a lot of crypto users and investors on the hedge. According to sources, there will be no attack on the BCH chain and that all coins have found their own unique market for development.
Calvin Ayre of Coingeek mentioned that:
“We will now focus entirely on building upon an already vibrant Bitcoin SV ecosystem. Although ABC may keep the damaged BCH ticker symbol, BSV is winning over the BCH’s native application ecosystem in droves. We look forward to out-coming BCH (and BTC) in the marketplace, rather than in further chain battles.”
Replay protection is one of the aspects of stability in the crypto forking process, however, Bitcoin ABC has not made this stability a priority, unlike Bitcoin SV that will be restoring confidence to users and businesses on both chains.
The ecosystem is ready for a new frontier, and developers are looking forward to the replay protection. The mining process of all forms of Bitcoin has continued after the ABC vs SV BCH hashwar.
There was, however, a noticeable change that took place on the 30MB block that took over 20 minutes on the BSV chain, while it would have taken seconds on the BCH chain.
Two blocks became orphaned on BSV, while BCH kept running smoothly, during and after the chain-split. This then lead to blocks being mined at a high opportunity cost. The exact cost of the chain-splits between the 15th and 26th of November is not clear but the chains are now producing blocks at normal costs.
The community was focused on ABC vs SV BCH hashwar but working together on different chains will prove substantial in the coming years. There was no war at the protocol level itself between these chains and there was also no possibility of the well known 51% attack. BSV miners are now on a separate chain and the BCH miners are now also on their own network. However, at a technical level, this does not change Bitcoin and has only made a new community of developers focus on different aspects of cryptocurrency development.
Bitcoin SV, however, seems to have gained a slim advantage as it is currently in the top ten coins on the market. The BCH price stands currently at 28% that was before the fork, as the previous fork took over 80% after the split from BTC.
These coins will stay on the market and evolve with their own unique developments while fulfilling the needs of users of a particular cryptocurrency. The industry looks forward to seeing these coins become the best at representing digital cash, digital gold, digital gas or the worlds dominant computer programs.
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