Well, it’s official, Bitcoin Cash forked.
Of course, BCH is already a fork of itself. So it’s a fork of a fork.
What the fork is going on?
Per Coindesk the last common block for BCH was #556,766.
After the split there are now two competing parties to become the dominant software of the BCH network.
Messari has the info on the two parties.
You have Bitcoin Cash ABC. Backed by Roger Ver and Jihan Wu, Bitcoin Cash ABC wants to make upgrades to support smart contract oracles and transaction re-ordering.
Then you have Bitcoin Cash Satoshi's Vision (SV). Backed by Craig Wright, Bitcoin Cash SV believes in expanding block size instead of focusing on new features.
Coindance has some good data as well. It looks like Bitcoin Cash ABC is in the early lead.
And a good list of fork support.
Either way, it looks like we’ll get another coin.
What a spectacle. Best thing to do is just wait and let the dust settle.
I’m with Trace on this one.
Long BTC.
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