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Hard fork of Bitcoin Cash took place.

November 18, 2018 00:51:42 - Yesterday, November 15, 2018, there was a hard fork of Bitcoin Cash. He divided the digital currency network into several competing components: Bitcoin ABC (BCHABC) and Bitcoin SV (BCHSV). The momentous event occurred at six o'clock in the evening of Central European Time. The separation of block chains took place at block 556767 of Bitcoin Cash.

Let's appreciate all that began to occur immediately after the hard fork.

The creators of the BCHABC branch claim that they are promoting the ideas of the “original” Bitcoin. Now, the branch continues to hold the lead in the extraction of blocks. The market value of BCHABC immediately after the fork increased by 25% and amounted to about $ 320.

It is worth noting that the affairs of their opponents did not work out immediately. The cost of their fork instantly fell by more than two times (up to $ 80).

ABC enlisted the support of such large companies as BitMEX, Trezor and Bitmain. In turn, STVs continue to support only mining pools that belong to Craig Wright.

Interestingly, in a matter of moments before the hard forks, BCHSV acquired more than 75% of the entire BCH hash rate. Supporters of this branch openly threaten their competitors. Craig Wright really wants Bitcoin ABC to go the distance.

However, the crypto community is precisely on their side. Everything leads to the fact that in the near future it will be economically unprofitable to mine Bitcoin SV.

Category: News

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