Bitcoin Cash hard fork forces split into two separate blockchains
The Bitcoin Cash hard fork which was scheduled to take place on 15th of November to increase the volume of transactions had itself forked into two separate blockchains, according to a report by CoinDesk. The two separate blockchains are Bitcoin Cash SV which stands for Satoshi’s vision and Bitcoin SV (BCHSV).
The Bitcoin Cash activated a hardfork that activated the fourth largest cryptocurrencies network into two versions, currently referred to by Bitcoin ABC (BCHABC) and Bitcoin SV (BCHSV).
The Bitcoin Cash network upgraded shortly after 18.00 UTC on Thursday when BCHABC and BCHSV chains diverged at block 556767. The Bitcoin network is now divided into three separate networks, each with its own set of fundamental rules and one developed by Bitcoin-ABC, one developed by Craig Wright’s blockchain research unit nChain, and one developed by Bitcoin Unlimited.
The last common block among Bitcoin Cash miners was 556,766 and was mined by SVPool.
To recap the implementation put out by leading Bitcoin Cash developer Bitcoin Cash developer group Bitcoin ABC. The other implementation, dubbed Bitcoin “Satoshi’s Vision” or Bitcoin SV, rejects these changes to instead restore retired code from the original Bitcoin protocol and increases the block size from 32 MB to 128 MB.
The other incident dubbed as Bitcoin “Satoshi’s Vision” or Bitcoin SV rejects these changes to restore retired code from the original Bitcoin protocol and it increases the block size from 32 MB to 128 MB.
In the final lead up to this event, Craig Wright the potential use of hash power to mine both a Bitcoin SV chain and create empty blocks on an opposing Bitcoin ABC chain.
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