Geneva-based World Economic Forum (WEF) published an article on Bitcoin’s 10th Birthday titled “Bitcoin is 10 years old: This is how it began and where it’s headed”. The article suggests that there is only one Blockchain that is consistent with Nakamoto’s vision and that is Bitcoin Cash.
The Bitcoin whitepaper was released in 2008, 10 years after the release Bitcoin has a market cap of over $100 Billion and has over 90 hard forked networks.
One of the major forks was the Bitcoin Cash fork in August last year. The fork was a result of a long debate in the community which started back in 2016 on the Bitcoin Block Size. The fork created a separate chain with the Blocks 32 larger than the original chain and significantly lower fees.
The article mentions that Bitcoin succeeded after the previous failed attempts like DigiCash because of its incentive structure and miners.
The author says that only Bitcoin Cash comes close to fulfill Nakamoto’s vision because of its lower fees which will pave the way for global adoption.
“There is, however, only one existing blockchain that is consistent with Nakamoto’s vision: Bitcoin Cash, a so-called “hard-fork” of Bitcoin that generally shares the same history and protocol,”
The article cites the examples of merchant adoption in Bitcoin Cash like BrewDog company which launched a promotional event accepting Bitcoin Cash, companies like Newegg and Microsoft accepting payments in BCH and Apps like MoneyButton which enables micropayments in Bitcoin Cash.
World Economic Forum Tweeted:
— World Economic Forum (@wef) November 4, 2018
The author of the article Jack Rogers was recently visited by Craig Wright who claims to be Satoshi Nakamoto the inventor of Bitcoin.
Mike V Tweeted:
Article was written by Dr Jack Rodgers. Guess who visited him a few months ago? https://t.co/o26Eq4V27H
— Mike V (@Mike__V_) November 4, 2018
Thank you for reading the article. Wishing you a very Happy New Year from team Blockmanity 🙂
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