Bitcoin cash going to split into two Blockchains

The code for the hard-fork of bitcoin cash was activated.

Two competing implementations of the protocol have become active, since neither party of the disputed debate, reaching a hard fork, willing to come to a compromise. However, it is unclear at this time that which of the two software will become the dominant software of the BCH network – or if two different chains will continue to coexist in the long run.

The last “common block” between bitcoin cash miners was # 556,766, which was mined by SVPool. According to press time, bitcoin.com -which is supporting Bitcoin ABC – a new block had mined, which indicates that the two chains are divided into two, according to data from Coin.Dance.

In essence, the leading Bitcoin Cash Developer Group Bitcoin ABC introduces a range of technological upgrades to the network, such as to increase the block capacity by reordering the transactions, along with additional code to support more interaction between cryptocurrencies.

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lead-up to this incident, the dangers of chain sabotage by Avid Bitcoin SV supporter Craig Wright suggested the possible use of hash power to mine both the Bitcoin SV chain and create empty blocks on an opposing Bitcoin ABC chain, which could fatally damage operations on the opposing network.

Although bitcoin was rejected by ABC supporters as unlikely, data three days prior to hard fork activation revealed that bitcoin cash mining pool that supports Bitcoin SV actually consolidates the majority of the total hash power of the network, thereby threatening The strong ability to follow through is suggested.

These numbers are related to the hash power as they are still subject to change. Actually, there is a possibility of switching of mining support from one side to the other side, as well as additional resources, are being added to strengthen the chain.

with many platforms closely monitoring the outcome of the events coming up, the future of the Bitcoin cash community is yet to be determined.

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