Bitcoin SV (a Bitcoin Cash fork) is regaining ground against Bitcoin Cash. This is a set up for a great outcome where SV shows strength, but not at the expense of Bitcoin Cash.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
Bitcoin Cash split into two versions in November of 2018. Those versions are currently called Bitcoin Cash ABC and Bitcoin Cash SV.
Calvin Ayre and CoinGeek are proposing a clean split between Bitcoin Cash ABC and Bitcoin SV to end the hash war.
To claim Bitcoin Cash SV (BSV) if you own your private keys, you’ll need to configure the official BSV wallet. To claim via a third party, follow their directions.
A Bitmex report shows that both BCH camps, ABC and SV, are mining their respective chains at a loss in the current hash war.
The Bitcoin Cash fork was successful… and it looks like Bitcoin Cash ABC is getting spammed with small transactions. Is this the hash war or stress test?
No one knows for sure why Bitcoin dropped. It is likely technical, but I suspect part of the answer is related to the current Bitcoin Cash “hash and cash” wars.
The Bitcoin Cash fork is a little bit tricker to play than other forks. Here is a quick breakdown of risk vs. reward.
The Bitcoin Cash fork is on Nov 15 at 4:40pm UTC. The fork is expected to result in only two Bitcoin Cash tokens, Bitcoin ABC (BTCABC) and Bitcoin SV (BTCSV). Bitcoin Cash holders will get BTCABC and BTCSV, at a 1:1 ratio after the fork.
Poloniex is making a power play that is likely to up sign ups by allowing pre-fork trading for the Bitcoin Cash fork Bitcoin SV.
Bittrex is the latest to add its name to the list of exchanges supporting the Bitcoin Cash hard fork Bitcoin SV.