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
Markets responded by falling to the invasion of Ukraine
On the night of February 24, the Russian President announced the start of an operation “to liberate the occupied territory,” essentially declaring war on Ukraine. The stock, foreign exchange and cryptocurrency markets immediately reacted to the military actions.
Silicon Valley firms have a crypto hangover
Computer chip maker Nvidia said falling bitcoin prices have caused demand for its products to decline.
