Fork Fail: US Government Claims Bitcoin Cash Is ‘Original’ Bitcoin
The last new is a document issued by the a US government institute has claimed Bitcoin Cash (BCH) is the “original” Bitcoin while Bitcoin itself (BTC) is a “fork” in a surprising official research into cryptocurrency.
In the document titled “Blockchain Technology Overview” from the National Institute of Standards and Technology under the US Department of Commerce, the authors Dylan Yaga, Peter Mell, Nik Roby and Karen Scarfone claim that “technically,” the perception that BTC is the genuine version of Bitcoin is incorrect.
They write.
“When SegWit was activated, it caused a hard fork, and all the mining nodes and users who did not want to change started calling the original Bitcoin blockchain Bitcoin Cash (BCC),”
“Technically, Bitcoin is a fork and Bitcoin Cash is the original blockchain. When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.”
Litecoin, authors say, is a “complement to Bitcoin,” while Ethereum Classic is underlined as the original version of “more popular” Ethereum.
As expected, the market has fallen again and the scenario that has become common, all the icos of top 100 with the exception of one or two and fallen 5% in the last 24 hours.
What do you think Steemians?
DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser.
[Previous post: Perspective - One photo every day (20/365)]
Thanks for reading me
If you liked or it was useful, do not forget to follow me and leave me your vote, with you help me a lot and I can write content of better quality in the future.
I think everyone that has forked of the main chain is trying to claim they are the real deal.
Alot of people dont like it when i say it but i see bcash as just another alt coin.
I think the same you can not say that the fork is the original, that does not make sense, for something is the FORK
But there are a lot of rumors and half-truths and new holders or investors get confused and influence too easily.
For a sample look at the graph all in red
Yeah thats not to great looking.
lol
I like calling it bcash too cause it pisses the bitcoincash people off.
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!