RATE Group | Bitcoin Cash ABC, Bitmain Count Losses while Bitcoin SV Gain $1.7 billion
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Bitcoin Cash ABC, Bitmain Count Losses while Bitcoin SV Gain $1.7 billion

29 Nov Bitcoin Cash ABC, Bitmain Count Losses while Bitcoin SV Gain $1.7 billion

Posted at 21:20h in Bitcoin News by

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For true distribution and decentralization then replication in blockchain is inevitable. Replications are done via miners who not only hold the copy of the blockchain but actively secure the network while simultaneously preventing double spends. Miners are the cogs that reflects what decentralization and blockchain is. Without them colluding and attacking the network, then we have one solid chain over which immutability is guaranteed through proof of work.

Bitcoin Cash and ABC did compete to be the longest chain with different level of support from the community. Now with the split and the slash of BCH market cap by half, CSW and CoinGeek have a valid platform to pitch their proposals and perhaps overtake BCH—the official chain supported by a majority of full nodes and secure with better hash power.

Though their contention is ideological, the ramification…

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