The fork has begin and no body is out of this news ! Learn more about what is happening in this crypto battle and give me your support :) reading this post !
The bitcoin ecosystem is a world in which vertigo is commonplace; The changes, Challenges and decisions follow each other continuously and as they occur They overcome and what at first seemed an insurmountable obstacle ends up being a simple anecdote Within this fascinating community.
The last great landmark that has lived was the fork happened the 1 of August (the division of bitcoin, As has been presented in many media).
A situation lived dramatically in his previous and that at the moment of its crystallization the bitcoin shows us again that what really it matters is the community and the values it supports (decentralization, immutability, transparency, open to anyone who wants to participate). Recapitulating and placing us months ago to August, not to say semesters, the
Community was pushing to implement the segwit, a scalability solution that It would benefit the entire ecosystem. However and to the surprise of many in his March has had countless unfounded objections that has led to weaving the most bewitched conspiracy theories. Within this framework is that the community, the nodes that form the bitcoin network, chose to impose the Segwit through the UASF (User Activated Soft Fork) It would run on August 1st. This situation is for those who did not take position, founded or not with regard to the activation of the Segwit, to take a stand. This is where the segwit2x and the UAHF. This last one was the one that was activated activating the 1 of August although the community creation that previous events to date proved not to be necessary. the UAHF in question is a copy on the carbon paper bitcoin, as many have called it, whose only "upgrade" is the increase of the size of the block and the purpose would be to settle the theme of scalability The project has been called Bitcoin Cash, its bases can be consulted at https://www.bitcoincash.org/ and since the implementation of the chain of blocks bifurcated giving him the possibility of possessors of bitcoins previous to the fork of spend them in both strings, in the traditional as BTC and in the other as BCC whenever use the corresponding software.
The implementation of the BCC was not well regarded by the community since they are considered HF As an irresponsible and very risky practice that can lead to conflicts in the red, and a large majority still do not understand the reasons that led to this determination being made since the dispute over a security ladder has taken two positions, Segwit and Segwit2x, this
Lastly carrying an HF, similar to that of the UAHF, set in its code for those impellers of a
Larger block as a conclusion can say that bitcoin once again strengthened sale, that its principles democracies and liberties are not merely declamatory but can be seen in the facts, letting their actors make the decisions that they think are convenient.
So, since yesterday all the bitcoiners (BTC) have also bitcoin cash (now named BCH ). But What is exactly this crypto and what advantage have with respect to bitcoin.
In short words. Bitcoin Cash is seeking to be a cryptocurrency that’s focused on transaction capacity.
This crypto have three principal topics :
larger block size of 8MB.
it offers replay and wipeout protection. The transaction signature is slightly different and the forking block has to be greater than 1MB.
it offers a way to adjust the proof-of-work difficulty quicker.
For bitcoin (BTC) this can maybe mean nothing or it may mean a lot. You can see in realtime the price of BCH here in Coinmarketcap!.
Thanks for read !
