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Bitcoin civil war explained


bitcoin civil war explained

the result of a hard fork, where certain developers did not agree with the proposed solutions to the Bitcoin scaling issue. At the time of the fork, Bitcoin transaction times and speeds were unacceptable, and there was a need for BCH. It should be noted that the way the voting systems works is that miners vote by turning their hashing power towards the updates they wish to implement. Please select the tag you want to propose from the list.

The, bitcoin, civil, war, explained - Crypto Disrupt



bitcoin civil war explained

Both BTC and BCH claim to be following through on the original vision of Bitcoin as envisaged by the creator(s Satoshi Nakamoto. It may not be a civil conflict after all, but an international one. Or suggest new tag: Add tag to article, please select tag you want to add from the list. Do not promote altcoins.

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Digital Nomad with an interest in Zen and Blockchain technology. A failure by miners to vote for a proposed solution determines whether a consensus has been reached or not. It could even be cautiously suggested that BCH has much to gain from BTC regarding volume and value. And there is much debate as to what the real Bitcoin. We could well be seeing two Bitcoins, with BTC traded more heavily in the West and BCH traded more heavily in the East. This thread is archived, new comments cannot be posted and votes cannot be cast. Moderators u/theymos u/BashCo u/frankenmint u/rbitcoin-bot u/Aussiehash u/ThePiachu u/Avatar-X u/DigitalGoose u/thieflar u/rBitcoinMod View All Moderators Cookies help us deliver our Services. No referral links in submissions. As such, the general consensus is that BCH is unethical and that nobody should use this type of cryptocurrency. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. This is why people dismiss BCH at their peril. By using our Services or clicking I agree, you agree to our use of cookies.


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