The cryptocurrency industry is still in its infancy, or so we keep being told. That infancy, or childishness, is often revealed on the crypto-sphere’s primary tool for communication, Twitter. No greater example has been seen than the recent battles between rival camps over the upcoming Bitcoin Cash hard fork.
Three Camps, One Vision
The Bitcoin Cash hard fork, set for November 15, is part on an ongoing network upgrade published in its roadmap. It is a high possibility that the two or even three versions of the fork will be updated from BCH in different ways. The three current proposals are Bitcoin ABC, Bitcoin SV (Satoshi’s Vision), and Bitcoin Unlimited.
The first version is Bitcoin ABC which is essentially Bitcoin Cash in its current state with no major changes aside from a few network updates. This was founded by Bitcoin’s own ‘antichrist’, Roger Ver, last year when it split from the original chain in order to increase block size for faster transactions at lower cost. It currently has the majority of the mining power.