Opinion: Bitcoin SV lost, but hasn't given up yet

Opinion: Bitcoin SV lost, but hasn't given up yet

Bitcoin was born with a ready-made economic model, but platform developers continue to slowly kill it. First, the Segwit BTC fork happened, and now the ABC team has left the Nakamoto consensus and Proof of Work. It's okay to try new things, but not at the expense of Bitcoin's existence, which hasn't really started yet.

According to CoinGeek, now the two cryptocurrencies are so far from each other that they will never be able to return to their previous state, that is, unite. According to nChain developers, they are happy to separate from ABC, as this will benefit the security of the network. 

On the other hand, the introduction of replay protection by the ABC team will also increase the security and efficiency of the network.

 The original idea of ​​Bitcoin, according to its developers, will continue to live on in the Bitcoin SV project, and they will finally have a chance to show the true potential of this economic model. The ABC team will join the rest of the new models to demonstrate the potential of their cryptocurrency. Over time, the models will compete with each other on a healthy basis, and users will be able to choose the option that they prefer.

Both development teams believe that the fork will serve the best interests of the entire industry, and will also help convince the general public to start accepting this payment method. 

According to coingeek.com

You May Also Like

22018-07-11

China's role in the fall in bitcoin prices

A report from the Daily Express (UK) discusses China's role in the bursting of the bitcoin bubble. From an economic perspective, we don't think Bitcoin is a bubble, but some people think it is. Whether they are right or wrong is a matter for debate. The report is based on the fact that since September 2017, buying and selling of bitcoin with the Chinese yuan¥ has fallen from 90% of the world's total to just 1%.

News
32018-11-22

BitcoinABC vulnerability revealed

Not long ago, Bitcoin Cash forked, and the newly created blockchains are already facing potential problems. Shortly after the BSV blockchain (Bitcoin Cash fork from nChain) suffered a bug that split the network in two, the developers of BAB (BitcoinABC) released an update that puts the entire network at risk of a 51% attack.

News

Latest articles from News category

Fresh video on our Channel