Bitcoin cash fork

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The Bitcoin Cash fork of November 2018 was a significant event in crypto history which results in spliting of Bitcoin Cash blockchain in two chains.Bitcoin Cash ABC and Bitcoin Cash SV. The division was sparked by a a kind of disagreement over the implementing of new opcode which main purpose was the enhancement of smart contract functions at Bitcoin Cash network.

That was a kind of dispute which polarize Bitcoin Cash community, with most significant figures which was leading the opposing camps. Wright faction was a figure which was supporting a new opcode which was sought to enhancing versatility of blockchain and if I talk about Vier's faction then it gives priority to maintainance of original protocol. This kind of schism was an ultimate leading cause of creation of two different blockchain and here each blockchain is with its own currency: Bitcoin Cash and Bitcoin SV.

These are now some of fork consequences which were far-reaching;

• Dual blockchains: Dual Blockchain including BCHA and BSV was created in which each was with their own distinct architectures and development pathways.

• Dual currencies: Dual Blockchain have dual currencies too that were BCH and BSV which became separate entities after that and both were trading(Buying and selling)at reputable cryptocurrency exchanges.

• Community division:It was a fork which leads to split in Bitcoin Cash community in which there were different supporters trying to align with anyone which could be BCHA or BSV.

• Market impact: This fork was contributed to a lot of decrease in Bitcoin Cash market capitalization and in user base.

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The Bitcoin Cash fork was not free from risks because it highlighted different risks of decentralized governance and importance of consensus in crypto world. It also underscore dynamic nature of blockchain innovation in which there were different disagreements which finally lead to creation of new distinct chains and currencies.Now a days both BCHA and BSV continued to exist each pursuing their own thoughts for crypto and blockchain future.

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