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The Bitcoin SV nightmare could become a reality

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Bitcoin SV, which last month separated itself from bitcoin cash after a so-called hash war as two fields of development fought for control of the bitcoin fork, risks falling out of the top ten of the major cryptocurrencies by market capitalization & nbsp; rivals including tron, cardano, IOTA and monero are making money.

Bitcoin cash, which many exchanges have begun to use& nbsp; to refer to the implementation of bitcoin cash ABC, and bitcoin SV, which failed to gain control of the bitcoin cash name, they both plummeted by the end of November, falling harder than the rest of the cryptocurrency market. & nbsp;

Bitcoin SV failed to collect most of the other major coins this week, with & nbsp;the original bitcoin, ripple (XRP) and ethereum, in climbing.

Last month the bitcoin SV split from bitcoin money, triggering a cryptic sell-off that shocked the market.Getty

Bitcoin liquidity has lost a whopping 45% of its value since the end of November, while the bitcoin SV has lost 35%. This is compared to the 15% drop in bitcoins over the same period, based on CoinMarketCap price data, a cryptocurrency data site.

However, the cash price of bitcoin has increased significantly in the last 24 hours, adding around 25%, according to CoinDesk data.

The problems with bitcoins in cash, which split from bitcoins in August last year, started in November when two teams of developers and miners were not agreed on a direction to talk about bitcoin money, with the row focused on the same thing that divided bitcoin bitcoins into the first block size of the place.

After the division, and with both sides refusing to surrender, the fear spread that a hash war, in which they would fight for superior computing power, would mean that both networks would weaken.

These fears triggered a large-scale sale of the cryptocurrency market, which led many investors not to pay their positions in a year of concerns for retail retailing, a growing regulatory threat and elusive institutional investments, creating a perfect storm.

The bitcoin bear market, which has dragged the industry all year, has become a so-called encrypted winter, with many of the major digital tokens losing billions of dollars in currency from one day to another and wiping out many smaller coins.

Bitcoin's cash price has risen by around 20% in the last 24 hours, compared to 6% in the bitcoin SV.CoinDesk

Bitcoin money has risen to over $ 4,000 per coin in the last epic cryptocurrency bullfighter last year, but has now fallen by an incredible 97% from those highs.

In the last few weeks the bitcoin & nbsp; SV was put under pressure after a researcher was able to spend the same coins twice in what is known as the "double-pass" 0-conf transaction.

"I made many double expenses on the Bitcoin SV network," cryptocurrency research known as & nbsp; Reizu wrote in a blog post about Honest Cash, a social network based on BCH created after the November hard fork.

Bitcoin SV users have also been warned that the network is too centralized, with four SV bitcoin network nodes controlling 75% of its hash rate, leaving it vulnerable to attack and weaker than decentralized cryptosets, according to Reizu.

Bitcoin SV is now in 9th place in the CoinMarketCap rankings of the largest cryptocurrencies in the world.CoinMarketCap

While the bitcoin SV struggles for survival, Craig Wright, the chief scientist of the research firm blockchain nChain and one of the most outspoken bitcoin SV supporters, has argued that the final value of the bitcoin SV will be determined by its use as a medium of exchange.

"It's time to stop thinking about the casino [exchange] Bitcoin price. The value is provided with the use. That is like an on-chain ledger. Ladder. 128 next, then 512mb Business buy space, do not worry about exchange prices, because what matters is the cost of use. The miners are paid, the value results, "Wright, who previously claimed to be Satoshi Nakmoto, the mysterious creator of bitcoin and blockchain, said at the start of this week via Twitter. & Nbsp;

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Bitcoin SV, which last month separated from bitcoin cash after a so-called hash war as two development fields fought to control the bitcoin fork, is likely to fall out of the top ten of the largest cryptocurrencies for market capitalization as rivals including , cardano, IOTA and Monero make gains.

Bitcoin cash, which many exchanges have begun to use to refer to the implementation of bitcoin cash ABC, and bitcoin SV, which failed to gain control of the bitcoin money name, they both plummeted by the end of November, falling stronger than the rest of the cryptocurrency market.

Bitcoin SV failed to collect most of the other major coins this week, with the original bitcoin, ripple (XRP) and ethereum, uphill.

Last month the bitcoin SV split from bitcoin money, triggering a cryptic sell-off that shocked the market.Getty

Bitcoin liquidity has lost a whopping 45% of its value since the end of November, while the bitcoin SV has lost 35%. This is compared to the 15% drop in bitcoins over the same period, based on CoinMarketCap price data, a cryptocurrency data site.

However, the cash price of bitcoin has increased significantly in the last 24 hours, adding around 25%, according to CoinDesk data.

The problems with bitcoins in cash, which split from bitcoins in August last year, started in November when two teams of developers and miners were not agreed on a direction to talk about bitcoin money, with the row focused on the same thing that divided bitcoin bitcoins into the first block size of the place.

After the division, and with both sides refusing to surrender, the fear spread that a hash war, in which they would fight for superior computing power, would mean that both networks would weaken.

These fears triggered a large-scale sale of the cryptocurrency market, which led many investors not to pay their positions in a year of concerns for retail retailing, a growing regulatory threat and elusive institutional investments, creating a perfect storm.

The bitcoin bear market, which has swept the industry all year, has become a so-called crypto winter, with many of the major digital tokens that have lost billions of dollars in currency from one day to another and wiping out many smaller coins.

Bitcoin's cash price has risen by around 20% in the last 24 hours, compared to 6% in the bitcoin SV.CoinDesk

Bitcoin money has risen to over $ 4,000 per coin in the epic rush to last year's cryptocurrency, but it has now fallen 97% from those highs.

In recent weeks the bitcoin SV has been put under pressure after a researcher has been able to spend the same coins twice in what is known as a double expense "transaction 0-conf".

"I did a lot of double spending on the Bitcoin SV network," the cryptocurrency research known as Reizu wrote in a blog post on Honest Cash, a BCH-based social network created after the November hard fork.

Even Bitcoin SV users have warned that the network is too centralized, with four SV bitcoin network nodes controlling 75% of its hash frequency, leaving it vulnerable to attack and weaker than decentralized cryptosets, according to Reizu.

Bitcoin SV is now in 9th place in the CoinMarketCap rankings of the largest cryptocurrencies in the world.CoinMarketCap

While the bitcoin SV struggles for survival, Craig Wright, the chief scientist of the research firm blockchain nChain and one of the most outspoken bitcoin SV supporters, has argued that the final value of the bitcoin SV will be determined by its use as a medium of exchange.

"It's time to stop thinking about the casino [exchange] Bitcoin price. The value is provided with the use. That is like an on-chain ledger. Ladder. 128 next, then 512mb Business buy space, do not worry about exchange prices, because what matters is the cost of use. The miners are paid, the results of the value "Wright, who previously claimed to be Satoshi Nakmoto, the mysterious creator of bitcoin and blockchain, said at the start of this week via Twitter.

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