15/11/2018
What you need to know about the controversial Bitcoin Cash hard fork.
1. Today, Bitcoin Cash (B*H) – the most popular fork of the original Bitcoin (BTC) network and the fourth largest cryptocurrency by market cap – has undergone a highly controversial hard fork that splitted its network into two separate chains.
2. The split, which many consider the second most notorious hard fork since the birth of Bitcoin Cash.
But what exactly does this mean for you and the cryptocurrency market?
Find out!.......... Its good to know. This can be serious positive and as well negative to your Bitcoin Business.
The Bitcoin Cash backstory
Bitcoin Cash undergoes network updates twice a year, but the latest one is proving to be particularly divisive. Following two fundamentally different network update propositions – one developed by node software provider Bitcoin-ABC, and another one developed by Craig Wright’s blockchain research firm nChain.
While ABC’s implementation will introduce a series of new features like smart contracts and oracles (functionalities that will allow to build applications on top of Bitcoin Cash and expand its utility outside of payments), nChain’s version aims to up the block size from 32MB to a maximum of 128MB in an effort to improve scalability and transaction speeds.
THE HARD FORK ONLY MEANS ANY DEVELOPER WHO CAN WIN THE BATTLE BY OVER RULING THE INTELLIGENCE, KNOWLEDGE AND UNDERSTANDING OF THOSE WHO OWNS THE CONTROL MECHANISM TO THE BITCOIN WORLD.
THE GOOD, THE BAD AND THE UGLY.
1. It is a messy quarrel and a war. It is capable of causing a further nose dive to the Bitcoin market in the short term.
What out folks in Bitcoin business.
2. The good new is that, the market will recover with a very big bounce. Those willing to wait for a long while might take the opportunity now while the market is messy and at the bottom.
For more details on how to take this as an opportunity, contact..... MoG