Is the hash war between Bitcoin ABC and Bitcoin SV finally over?
After the split of BCH on 15th November into two different cryptocurrencies namely Bitcoin ABC and BSV the war is finally over. After many discussions of this hashwar Coingeek a blockchain company has made an announcement that the developers of BSV will be applying for replay protection to the BSV chain. The Bitcoin Cash creators included this to protect themselves from replay attacks. This will let people be able to send transactions on either BCH or BSV chains without having to panic about transaction replays.
CoinGeek founder Calvin Ayre said, “After Bitcoin Core became SegWit coin last year, our mission has always been to make sure the original Bitcoin survives and succeeds. With its series of radical and unilateral code changes in just the last week, ABC’s BCH has departed so far from the original Bitcoin that it is now an alt-coin developer experiment and we no longer have any interest in it or its tarnished brand. Bitcoin SV fought to preserve the Satoshi Vision, and is the original Bitcoin. We will now focus entirely on building upon an already vibrant Bitcoin SV ecosystem. Although ABC may keep the damaged BCH ticker symbol, BSV is winning over BCH’s native application ecosystem in droves. We look forward to out-competing BCH (and BTC) in the marketplace, rather than in further chain battles.”
The debate for supporting both the chains has grown and although many major exchanges have gone with BTC ABC and list it as BCH, some still think that the hash war is not over. BTC ABC has won for now since the chain has collected the most amount of proof of work.
The BCH welcomed this announcement and have wished BSV all the best for the future. People are happy to see many exchanges back online. Coinex has reopened its BCH and BSVwithdrawals since Monday and users are now able to move their funds freely. The companyCoinex announced that BCH and BSV withdrawals were now available on the platform. The company said that they did this after “technical evaluation and testing,” but users should still be careful. Coinex based in Hong King has promised that they will split tokens which are sent as “unsplit, pre-fork BCH coins.” This is a helpful option for users who decide to separate and withdraw coins to different wallets and not many platforms offer this at the moment.
Other trading platforms include Bitpanda, Bittrex and Kraken. Kraken tweeted “Deposits and withdrawals are now enabled for Bitcoin Cash (BCH) and Bitcoin SV (BSV). 15 & 30 confirms, respectively. Sending a non-replay protected BCH or BSV tx to a Kraken deposit address will result in a credit of BCH and BSV if the tx transferred both.”
BCH users are waiting for Bitpay so they can continue their operations. Since both chains can now go their own ways ultimately the winner will be decided by the users and free market.