Bitcoin Cash underwent a hard fork on November 15, 2018, due to the difference in opinions from two sides, which led to the proposition of forking the fork, as we know BCH is also a fork of Bitcoin. Both BCH ABC and BCHSV (now called BSV) have a difference in opinions, visions, etc. The BSV vs BCH ABC hash rate war has put the users on the hedge. Both the camps have engaged in an intensive battle to win the hash war ever since the fork went through. Finally, BCH ABC won the battle by accumulating more proof-of-work and major exchanges started supporting it. Before taking a look at the present scenario of hash war, let’s check out the differences between the two versions. We have compared them on the basis of different categories. BSV has been delisted by major exchanges like Binance, Kraken, ShapeShift, because of which BSV is suffering.
BSV(Satoshi Vision) has been led by Craig Wright, who claimed himself to be Satoshi Nakamoto(creator of Bitcoin) but proved wrong. Other BSV supporters are CalvinAyre, CoinGeek, and bitcoin.org.The mining pools supporting the Bitcoin SV version include Coingeek and Bitcoin.org.
BCH ABC (Adjustable Blocksize Cap) has been led by Roger Ver, who is a renowned BCH advocate, along with Jihan Wu, co-founder of Bitmain technologies. The mining pools supporting Bitcoin ABC are Antpool, BTC.com, and Bitcoin.com.
BSV is ranked number 9 in the coinmarketcap, trading at $97.07, with a market cap of $1,696,565,680.
BCH ABC is ranked number 5( as it has merged with BCH), trading at $171.37 with a market cap of $2,996,437,609.(BCH ABC vs BSV price)
BSV made replay protection as one of the aspects of stability. The hash time required is more in BSV for 30 MB block, i.e around 20 mins is currently 28.50% more profitable to mine in BSV blockchain. The biggest SV block is 31.9 MB, four times larger than the maximum allowable BCH block before the chain split.
BCH ABC hasn’t made use of replay protection and the hash time required is some seconds as compared to BSV, for 30 MB block size. It is currently 8.70% more profitable to mine in BCH blockchain. The biggest Bitcoin ABC block in the dataset is 3,999 KB.
BSV has lesser wallet support than that of BCH ABC, which is being supported by almost all the wallets which supported BCH. Only a handful of wallets (Guarda being the popular one) supports BSV/BCHSV.
Major wallets like Ledger Nano, Trezor and Exodus support BCH ABC.
BSV is planning on developing allow a mechanism for the miners to request data more efficiently. They are even developing performance enhancements and testing frameworks and fast transaction propagation.
BCH ABC is planning to introduce cheaper transactions, advanced scripts and near instant security for the merchants. They are even having plans to develop a new transaction format, which is more capable and compact.
As of now BCH ABC wins and merges with BCH, but BSV is not far behind as it has its distinct set of vision and developments, which look promising for the future.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!
|INR to BTC||Buy Dogecoin in India|
|INR to USDT||Buy Monero in India|
|Buy IOTA in India||INR to BNB|
2020-06-20 09:21:27.507861 | 2 min