Bitcoin Cash “Hash War” ends, Bitcoin Cash SV backs out – ABC wins
The deadly hash wars between the two factions of Bitcoin Cash is finally over, with Roger Ver’s & Bitmain’s Bitcoin Cash ABC finally winning, reports Bloomberg. Bitcoin SV has decided that they won’t be taking the Bitcoin Cash name but will be continuing the chain with a different name.
In a post by Bitcoin SV’s Billionaire representative, Calvin Ayre said,
“We also no longer want the name Bitcoin Cash BCH as to us, Bitcoin SV is the original Bitcoin not the original Bitcoin Cash”
BCH miners were trying to come to a Nakamoto Consensus, which means deciding on which network to support – either the Bitcoin Cash ABC network or the Bitcoin SV network. With Bitcoin SV backing out of the hash war, the existing BCH miners will continue to support Bitcoin Cash ABC.
According to Calvin Ayre,
“From where CoinGeek sits right now, us permanently splitting the chains by ABC enacting replay protection will give both sides a WIN.”
The hash war between Bitcoin Cash factions has already wiped $70 billion from the market and has sent the cryptocurrency markets on a long bearish trend. Bitcoin is currently trading at $4,338.32, down by 0.30% in the last 24 hours.
According to CoinMarketCap, Bitcoin Cash SV has increased by 57% in the last 24 hours. BCHSV is currently trading at $$63.08. Bitcoin Cash ABC [BCHABC] on the other hand is trading at $206, a 1.8% since the last 24 hours.
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