Ready for a hash war?
Bitcoin cash’s upcoming network update (or hard fork) is coming on November 15, but a fractious divide between competing stakeholders has raised the specter that the fourth largest cryptocurrency by market cap – which broke off from bitcoin in the heat of the scaling debate last year – could split into two.
In the run-up to the event, pre-fork trading of bitcoin cash continues apace on Poloniex, and while trading preference is tiltingtoward Bitcoin ABC, a majority of the hash power currently on the network appears to be in favor of another implementation known as Bitcoin SV.
Data sourced from Coin Dance indicates that Bitcoin SV – the implementation advanced by cryptocurrency firm nChain and its controversial chief scientist Craig Wright – has accrued the most hashing power ahead of the fork date. Coin Dance estimates “at least 63 [percent]” of BCH miners are supporting SV, compared to “at least 18 [percent]” for ABC.
Those figures aside, the hash power support levels remain estimates. The data itself is based on which mining pools have indicated support each of the resulting coins after bitcoin cash hard forks on November 15.
Based on public statements, CoinGeek, SVPool, BMG Pool, okminer and mempool – which have all indicated support for Bitcoin SV – control a total of at least 73 percent of the network hash rate as it exists at press time, according to Coin Dance.
Craig Wright has already implied that he would support killing the Bitcoin ABC implementation by mining empty blocks on the network after the coin splits – if Bitcoin SV miners maintain more than 51 percent of the current network’s existing hash power.
That being said, Peter Rizun, chief scientist at Bitcoin Unlimited – currently the second-most popular bitcoin cash implementation – told CoinDesk on November 5 that... SEE MORE>>> https://altcointoday.com/hash-power-favors-craig-wright-camp-in-looming-bitcoin-cash-fork/
No comments:
Post a Comment