BCH fork battle, Bitcoin Cash ABC and Bitcoin SV's money-burning battle?
2018-11-13 05:26
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"CSW must have a financial advantage and a stronger will to burn money in order to win."

Image source: CCN

image description Coin.Dance Image source: CCN

According to CCN, the Bitcoin network data provider

Currently, Bitcoin Cash ABC (Bitcoin Cash ABC) has 600% more nodes than Bitcoin SV (Bitcoin SV, SV is the abbreviation of Satoshi Vision).However, the fork battle between Bitcoin Cash ABC and Bitcoin SV does not only depend on the number of nodes. Under the consensus mechanism of proof of work, hashing is a very important part.Regarding computing power, Jiang Zhuoer, who supports Bitcoin Cash ABC’s Libit Mining Pool, on the 13th

, why can computing power become the highest arbitration mechanism for Bitcoin? The answer is simple: because computing power can kill a chain.

From the perspective of hash rate (computing power), at present, the sum of the hash rates of the three mining pools (Coingeek, SVPool, BMGPool) supporting Bitcoin SV is about 60% of the BCH hash rate.

Image source: https://cash.coin.dance/blocks#minerhashrate Date of screenshot: November 13sayIt’s worth noting, though, that this is only 60% of BCH’s hash rate. Jiang Zhuoer

However, Bitmain is still in the listing stage. CSW threatened that if Bitmain uses BTC computing power to carry out a computing power war, he will attack Bitmain through litigation. Jiang Zhuoerexpressexpress

CCNpointed outThis approach is of little significance, because Bitmain basically does not need to use all 20,000P computing power to fight the battle. If part of the computing power is used, Bitmain can declare to use its own computing power (or partner computing power), and the rest (normally get paid BTC ) miners have no incentive to sue, and it is difficult to confirm what coins they are mining.

pointed out

Currently, Bitcoin Cash ABC is supported by the three major exchanges Bitpay, Binance and Coinbase.interviewShi said, "We just have money. Wu Jihan thought he could control the computing power, but we—we only have money. We will also prevent cryptocurrency exchanges from trading Bitcoin Cash until Wu Jihan admits defeat."

Jiang ZhuoerthinkJiang Zhuoer

Odaily will continue to pay attention to this bifurcation battle that is about to determine the outcome.

Main reference sources:

secondary title

Exclusive interview with "Australian Satoshi Nakamoto": I plan to use money to destroy Bitmain

Bitcoin ABC Has 600% More Nodes than Bitcoin SV 

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