One Week Later: The Latest Developments in the Bitcoin Cash Split

One Week Later: The Latest Developments in the Bitcoin Cash Split

Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins last week: “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). One week later, the Bitcoin Cash ABC chain has accumulated more proof of work and has been “ahead” of the Bitcoin Cash SV chain practically since the split.

Bitcoin ABC Still Leads But Bitcoin SV Is Catching Up, Both Mining At Losses

Bitcoin Cash went through its hard fork on Thursday, November 15 at 17:52 UTC after the mining of block number 556,767. Almost two days later, the two factions that remain are Bitcoin ABC and Bitcoin SV. While SV had the lead in mining power before the split at over 70 percent, the tables turned immediately the fork activated and ABC took the lead straight away. ABC has held on to that lead, at one point being 50 blocks ahead. However, SV has been quickly catching up in the past 24 hours, at one point being only 6 blocks behind.
‘Bitcoin Cash is Bitcoin,’ Roger Ver and Calvin Ayre Declare

‘Bitcoin Cash is Bitcoin,’ Roger Ver and Calvin Ayre Declare

Bitcoin cash proponents Roger Ver and Calvin Ayre have announced a plan to use their influence and considerable wealth to rebrand bitcoin cash as “bitcoin”. Ver, an early bitcoin investor once nicknamed “Bitcoin Jesus”, has incurred the ire of much of the bitcoin community over the past several years, primarily due to his repeated support for contentious hard forks associated with the evolving block size debate. He owns and operates Bitcoin.com, a news and information outlet that critics claim gives new users the impression that it is an official Bitcoin resource.