Bitcoin Cash Hard Fork Explained - What is Bitcoin Cash ABC and Bitcoin Cash SV? (Hindi)
The upcoming Bitcoin Cash Hard Fork has generated a lot of interest in the crypto world. The price of Bitcoin Cash (BCH) jumped to around $580 in the run up to the hard fork. BCH is currently trading at around $480. Following the hard fork, the Bitcoin Cash blockchain will split into two chains - Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). The BCHABC camp wants to upgrade the functionality of Bitcoin Cash through smart contracts and improve scaling via canonical transaction ordering. The BCHSV group, backed y the controversial crypto figure Craig Wright, wants to simply increase the block size form 32 mb to 128 mb. The group thinks that this is Satoshi's true vision. BCHABC has been backed by mining giant Bitmain, whereas BCHSV has been backed by BCH's largest mining pool CoinGeek. If you look at the network hash rates, Bitcoin Cash SV seems to be in the lead with nearly two-third of the network hash rate. However, traders seemed to have taken a liking to Bitcoin Cash ABC as pre-fork trading on Poloniex has indicated that BCHABC was trading around $398 as opposed to BCHSV which was trading at $134. As an investor, you are advised to keep BCH in your own wallet or keep it on a supporting exchange. Most Indian exchanges have announced support for the Bitcoin Cash Hard Fork. We urge users to stay away from possible scammers in the wake of the hard fork. It will be interesting to see which chain becomes the more dominant one after the hard fork. References: November’s Bitcoin Cash Fork, Explained: https://blockexplorer.com/news/what-i... Ahead of Bitcoin Cash Hard Fork, The Coin’s Competing Visions Vie for Hash Rate: https://cointelegraph.com/news/ahead-... Bitfinex Launches Bitcoin Cash Chain Split Tokens as Gap Between SV and ABC Narrows: https://www.cryptoglobe.com/latest/20... Crypto Dost official website: https://cryptodost.io/ Like the Crypto Dost Facebook page: / thecryptodost Follow Crypto Dost on Twitter: / thecryptodost For enquiries, write to [email protected] Disclaimer: Please keep in mind that I have made this channel to share my experiences in the cryptocurrency market. I am not a professional financial advisor and the information provided is solely for educational purposes. Consult your own financial advisors and do your own research before investing in cryptocurrencies. Investing in cryptocurrencies is inherently risky and you can also lose all the amount you invested. Only invest the amount you can afford to lose. The channel shall not be liable to the viewer for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the viewer from or in connection with the information obtained on this channel.
