Exchanges, Startups Pick Sides After the Bitcoin Cash ‘Hash War’
The so-called "hash war" over the future of bitcoin cash is over and it's up to market forces to decide the fate of its two rival cryptocurrencies.
Bitcoin Satoshi’s Vision was created out of the hard fork of Bitcoin Cash (BCH) on November 15, 2018. A segment of the ecosystem wanted to increase the blocksize greater and faster as well as limit potential smart contract features. They split was led by nChain’s Chief Scientist, Craig Wright, who is also renowned for claiming he was Satoshi Nakamoto, the original founder of Bitcoin, without extensive evidence. Since it’s forking, it has consistently remained in the top 20 coins by market cap. It also migrated businesses and developers from BCH to its ecosystem. It seeks to emulate the proposed original vision of bitcoin through emphasis on scaling onchain as fast as possible.Blockchain 101
The latest brouhaha says a lot about the propensity for drama in the ecosystem, Michael J. Casey writes.
After a recent network upgrade, nodes separated from the bitcoin SV blockchain, highlighting why hard forks prompt much infighting among devs.
A major code update for the cryptocurrency bitcoin SV will render some features of BitGo's wallets useless, the crypto custodian says.
Regulation is needed to maintain neutrality among exchanges, but it might not be around the corner, argues Konstantinos Stylianou.
The controversy over delisting bitcoin SV shows why crypto exchanges need more consistent standards and rules.