Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War

The latest Bitcoin Cash network update has resulted in a complex battle, and the blockchain has been split into two: BCH ABC is in one corner, and BCH SV is in the other.

Bitcoin Cash emerged on August 1, 2017 after departing from Bitcoin's original blockchain via a hard fork.

After meeting resistance from the rest of the community, a hard fork turned out to be the only option for BCH to be created.

As a result, BCH community was split into three fractions: Bitcoin ABC, Bitcoin Unlimited, and Bitcoin SV. Cointelegraph has covered the nature of those parties in a separate article.

Their wing believes that the basic structure of BCH is "Sound," and "Does not need any radical change." Nevertheless, Bitcoin ABC's roadmap leaves some room for further development of the network and minimizing transactions costs, which seems to be its main priority.

There is also a neutral wing represented by Bitcoin Unlimited, whose leaders have proposed a compromise solution called "Bitcoin Unlimited's strategy for the November 2018 hard fork." Essentially, that proposition suggested the ability to change both Bitcoin ABC and Bitcoin SV, thus empowering miners with their vote during the hard fork.

"I have no intention to start a has war with , because if I do - by relocating hash power from BTC mining to BCH mining - BTC price will dump below yearly support; it may even breech $5,000. But since is relentless, I am all in to fight till death!".

Roger Ver's mining pool Bitcoin.com also reportedly announced that it will be redirecting hash power from BTC to BCH ABC, albeit only for one day.

According to statistics from Bitcoin Cash data aggregator Coin Dance, BCH ABC is two blocks ahead of its rival, BCH SV, as of press time, although the juxtaposition briefly changed in favor of BCH SV at some point.

On Nov. 16, Binance exchange broke the silence, having completed the distribution of both Bitcoin Cash ABC and Bitcoin Cash SV to its customers on a 1:1 ratio, and opened trading on both pairs.