There is still no clear indication of what Bitcoin Cash really is, with two leading nodes failing to achieve a clear advantage in hash rate over the other.
Four days have passed since the network’s hard fork and it is still not clear which the real Bitcoin Cash (BCH) is.
The blockchain was split into two by competing for full node implementations—Bitcoin ABC and Bitcoin SV—after a scheduled network maintenance on November 15. Since neither of them could gain a significant advantage over the other in terms of total hash rates, the two parties will continue waging the hash war for the right to bear the BCH ticker.
https://twitter.com/ProfFaustus/status/1063375202262888449
https://twitter.com/rogerkver/status/1063123138081370112
On November 18, Bitcoin ABC has the slight lead over Bitcoin SV. Shortly after the network fork, the former eclipsed the latter by as much as 5,000 Petahashes per second (PH/s).
However, as days went on, the hash rate on the Bitcoin ABC network dropped and remained close to Bitcoin SV’s.
At the moment, Bitcoin ABC’s network has 3,877 PH/s. Meanwhile, the Bitcoin SV network has 2,354 PH/s.
https://twitter.com/bramcohen/status/1064347369280552960
Major disagreements of leading Bitcoin Cash developers and figures regarding the future of the cryptocurrency have caused the acrimonious network split.
One side maintained that Bitcoin Cash should be reverted closer to the protocol proposed by Bitcoin’s father, the pseudonymous Satoshi Nakamoto. This position gave birth to Bitcoin SV—Satoshi’s Vision—led by blockchain developers nChain, self-proclaimed Nakamoto Craig Wright, and BCH mining pool CoinGeek, among others.
https://twitter.com/ProfFaustus/status/1062646549510000640
The opposing faction disagreed, believing that there are no problems in the path Bitcoin Cash was taking. Some of the biggest supporters of this belief were “Bitcoin Jesus” Roger Ver, Jihan Wu and his mining company Bitmain, and Bitcoin ABC—already Bitcoin Cash’s leading node pre-split.
https://twitter.com/JihanWu/status/1060740771723137024
Bitcoin Cash itself was born from disagreements. The crypto was forked from Bitcoin when developers wanted to increase the latter’s block size to address scalability issues.
| Related: 15 Things to Know About Bitcoin Cash’s (BCH) Hard Fork on November 15
