The November 15 Bitcoin Cash [BCH] hard fork took off to a start with the Jihan Wu and Roger Ver led ABC implementation of the cryptocurrency gaining the first two blocks as per the new consensus rules. At press time, the ABC team was still in the lead by one block after the SV Pool mined their first block.
The split has also resulted in Bitcoin Cash charts being unavailable on Tradingview with the ‘BCH’ ticker symbol going missing. The new charts after the split are holding as BSV and BAB on Tradingview. Bitfinex, a popular cryptocurrency exchange, also announced that the new ticker symbol will be decided once the hard fork is complete.
The hard fork has been making news for the past couple of days with the fourth-largest cryptocurrency seeing massive conflicts within the network. At the time of writing, the ABC implementation of Bitcoin Cash was leading compared to the Bitcoin Satoshi Vision led by nChain’s Craig Wright.
Craig Wright was also in the news recently when he talked about Bitcoin’s connection to the infamous Silk Road. He had stated:
“Adoption didn’t happen because of Silk Road. If you looked at other centralized coins that happened in the 90s and things like this within the first three years, you actually had banks starting to use them; Deutsche Bank was using DigiCash, others were using it. So Silk Road actually killed adoption in Bitcoin. Right now, we would be in a world with probably 500 million people using Bitcoin at least on a daily basis if it wasn’t for Silk Road.”
Ver, on the ABC side had stated:
“Even when the big blockers wound up having basically the majority of the hash rate – they had more than 50% at one point – they were still scared to set a flag date… Like, okay here’s the date we’re gonna mine the bigger block. And because they were all scared to actually take action we wound up where we are.”