Bitcoin Cash Splits After Hardfork
Bitcoin Cash implemented its scheduled semi-annual hardfork yesterday, resulting in 2 incompatible chains.
Bitcoin ABC supported by Roger Ver adheres to the "official" Bitcoin Cash roadmap. Most node operators adhere to this version.
Blockchain startup nChain led by Craig Wright launched Bitcoin SV, a competing version which introduced an alternate set of consensus changes.
Both Bitcoin ABC and Bitcoin SV are characterized by high hash power centralization. Each network has a single mining pool accounting for the majority of blocks mined since the fork.
While Bitcoin ABC is currently ahead in blocks mined, it is reported that both versions are operating at a loss.
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This should expose Craig Wright as the fraud he truly is; moreover, highly unlikely he has the kind of money he purports to be willing to lose over this war.