Hash war between bitcoin ABC and bitcoin SV probably came to its end. The bitcoin SV team has announced abandoning claims to the original bitcoin cash chain and an intention to focus on creating their own applications.
The hash war that broke out right after BCH hard fork and supposedly became one of the main reasons for the collapse of the crypto market ended rather quickly. Initially none of the parties was going to surrender under any circumstances. Now, bitcoin cash SV leaders are no longer going to compete with BCHABC, but instead will aim at competing with the original bitcoin.
“CoinGeek Mining is pleased to announce the original Bitcoin is back with Bitcoin SV (ticker: BSV). CoinGeek will support a permanent chain split from Bitcoin Cash (BCH), continue mining the BSV chain, and will work with others globally to establish a vibrant ecosystem for the BSV coin. This ends the on-going BCH hash war triggered by the November 15, 2018 network upgrade,” the announcement said.
Last week Calvin Ayre, the founder of Coingeek, shared his vision of the future path for bitcoin SV. He stated that the two blockchains formed as a result of BCH hard fork had completely different goals, and that there was nothing that could unite them in the future. In this regard, Ayre said that he no longer claimed the name of bitcoin cash. He added that bitcoin SV is now exactly the original bitcoin, as Satoshi Nakamoto conceived it.
here is my formal current view on how to sort the worlds first Bitcoin Hash war out. I call on all exchanges, wallets and payment processors to work with us on this Win/Win settlement plan.https://t.co/WZCjeMMiKK
— Calvin Ayre (@CalvinAyre) November 23, 2018
Craig Wright also presented a bitcoin SV roadmap and his vision for the project. Currently, the block size in BSV is 64 MB, in six months it will be increased to 512 MB, and in a year to 2 GB. In six months, the miner’s reward will be about $8,000 per block found, according to the published data. Craig explained that in order to implement this scenario, it would be necessary for BSV to cost about $640 on the exchanges.
However, Wright also clarified that until bitcoin ABC agrees to add a replay protection mechanism, the war is not over, and that bitcoin SV does not intend to add anti-replay protection or change the PoW algorithm.
Anyway, bitcoin SV has now completely separated. This news had a positive effect on the price of the coin, which at some point exceeded the mark of $120 and cost even more than ethereum. At the time of this writing, the BSV value is $99.56 and the capitalization reached $1,738,094,174, which puts the asset on the 9th line of the CoinMarketCap rating.
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