Upcoming hardwork BCash untie the hash the war

With high probability BCash will face the hash war between supporters of the forks of the ABC and SV that can cause and even the split of the network.

Differences are in the two competing designs BCash: Bitcoin ABC, which intends to introduce many improvements, and Bitcoin SV, which focuses on a more structured approach and a significant increase in the size of the block.

SV is primarily supported nChain and CoinGeek, ABC has the support of Bitcoin.com, Coinbase, Binance and others.

Lead developer for OpenBazaar Chris Pacia (Chris Pacia) inclined to support users to fork ABC, adding that the network with the most number of users will be more valuable:

“Craig and his supporters coined the term “hash war” to the debate in their favor. In fact, the hash of the war does not exist. The hash will never be the determining factor that indicates how users appreciate the coin. War has always been for users. It becomes obvious that Craig loses it”.

However, from the point of view of the mining hash rate yet the result is not so straightforward, because the share CoinGeek and SVPool make up almost 30% the last 24-hour blocks.

Chief specialist nChain Craig Wright published against competing customer ABC series of tweets in which he predicted a complete failure:

“For the record. Many people like to see me as a Cassandra. Well, here’s another prediction: slow or fast, but we will win. I want people to understand what is Bitcoin. Even if I have over the year slowly pulling one Satoshi of value network ABC, we’ll do it. Without compromise.”

“If ABC remains at SHA256d and does not implement protection against replay, we use it. Until the network becomes weak, while at the global level, the coin will not stop minimise, as long as anywhere else will continue to work the last processor. If you think that I won’t get to the last developer with the processor to burn this last Bastion of hope, you just don’t know me! This is not revenge. It’s a lesson. And I’m going to burn it in the hearts and souls of all socialists of the ABC so that their grandchildren remembered! Have a nice day.”

The result of hard forks are still unclear, so not all of the parties involved assess threats to Wright as reasonable. Technical Director CoinText VIN Armani is convinced that the hash capacity CoinGeek and nChain is sufficient to cause significant damage. In his Twitter account, he called to prevent the hash war.

It is noteworthy that Armani drew attention to the potential threat posed by affiliated miners, who carried out the attack on the PoW network, causing a decrease in their market value.

The increased strife within the community suggests the need for improving management systems and consensus. For example, Dash had no such problems, as the network operates the voting system. Similar functions in other coins is able to resolve the differences to expand a hash of the war as the only possible option of resolving the dispute.

Hash war BCash demonstrates the fragility of the PoW algorithm. Recently launched mining pool has promised to intentionally create empty blocks of other cryptocurrencies to hurt the networks:

“The Shark Pool miners will mine only empty blocks, altcoins and thereby secure a profit of BCH.”

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New optimistic forecast for Bitcoin ($98000) and sad for BCash

According to new research conducted by consulting firm Satis Group, the value of Bitcoin (BTC) could increase up to 98 000 US dollars in the next five years. The report, written by Sherwin Doulton and Michael Holappa, represents a fourth part of a series of five parts, covering cryptoprotection.

The report States that from the point of view of the growth of cryptocurrencies over the next five years the BTC will reach 98 000 dollars, Monero (XMR) — 18 000 dollars, and Decred (DCR) — 535$ .

It is expected that BCash (BCH) will fall to $ 268 after “the community understands that the project only uses a big name, but represents the minimum technological advantages to its owners.” Regarding the centralized cryptocurrency, presumably, their value will be close to zero. For example, the predicted future value of the Ripple (XRP) is equal to US $ 0.01.

The Ethereum platform is not worth to hope for a bright future — according to the researchers, the project will lose half of market share by 2028:

“Despite the fact that we recognize the power of community in network ETH, there are small flaws in design and management, which, in our opinion, will lead to conflict, leading to future updates of the network in achieving consensus PoS.”

This study also analyzes the cryptocurrency required to support the future economy, and gives evaluation the state of the market for the next ten years.

According to the report, the total market capitalization of the aforementioned cryptocurrencies are necessary to support the economy would increase from approximately $ 500 billion (in 2019) to 3.6 trillion dollars by 2028.

According to the researchers, the fundamental value to support cryptocurrency economy is to use the digital assets as a means of accumulation and capital preservation, while the current analysts are betting on the securities market:

In the long-term ten-year term, according to a study Satis Group, BTC will eventually reach $ 143 thousand, ETH — $ 588, XMR will be possible to buy/ sell for $ 39 thousand, BCH — $ 180, LTC for $ 225, and XRP — $ 0,004 per unit.

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Get ready to cry Roger Ver: BitPico begins to attack the blockchain BCash

BitPico, a group of bitcoin developers, miners and whales, which previously had a tough stress test technology Lightning Network, launched an attack on Bitcoin Cash (BCH).

In a series of tweets, starting from June 22, the team bitPico (names of participants are kept secret) said that after testing Lightning Network strength by a coordinated attack, she intends to do the same thing with Baccano Bitcoin Cash and try to carry out the attack 51%.

“Attack [Bitcoin Cash] has begun; We expect that in 6 weeks we will have 5 000 attacking nod BCash. Then we will conduct multiple forks the chain. Roger Ver will cry”, — stated in the message.

BitPico had established itself as the main supporter of action on scaling SegWit2x. After this initiative failed, the group was not heard until March 2018, when they began to attack Lightning Network.

“We did not leave the network Batocina; we just needed a break. Today, we are optimistic and working on Lightning Network,” they announced on March 17.

At the same time, many of the problems faced by Bitcoin, for example, high commissions and long confirmation of transactions, managed to solve it.

Despite this, the supporters of Bitcoin Cash continues to cultivate the excellence of this Aldona over Bitcoin, refuting criticism from third-party sources on the Internet and in the media.

For bitPico, whose previous stress test network Lightning Network received recognition from key figures in the cryptocurrency community, including Andreas Antonopoulos, the attack on the BCH network became the target of once and for all resolve the debate about the superiority.

“We can mine transaction and discard transactions merchants without confirmation from the pool of our group. It seems that the developers of Bitcoin Cash don’t understand how easy it is to bring down their network”.

Stress test your own network, conducted by a team of Bitcoin Cash, has been harshly criticized by bitPico, who called it “centralized and controlled, and therefore fake”.

Despite all the threats of physical violence. that struck a team bitPico along with a barrage of contempt from supporters of Bitcoin Cash, plans to “break”this altcon using attack 51%, in force. Moreover, bitPico intend to forgot Bitcoin Cash and create the so-called “bitPicoCash”.

For the organization of the attack was created a separate repository on GitHub, which bitPico promise to begin to fill in the near future.

Bitcoin Cash is not the only fork of Bitcoin, which faced a threat of attack 51%. The developers of Bitcoin Gold announced that all efforts to change to prevent another attack like the one that was at the beginning of this month, when hackers stole $ 18 million.

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