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Bitcoin Cash [BCH] ABC stays ahead in terms of PoW and blocks mined; final result undecided

Akash Anand



Bitcoin Cash [BCH] ABC stays ahead in terms of PoW and blocks mined; final result undecided
Source: Unsplash

The Bitcoin Cash [BCH] hard fork has been the talk of the crypto-town over the past few weeks. The hard fork which has seen a split in the BCH community has not only created ripples across the BCH network but the entire crypto verse as well.

The Bitcoin ABC team, which is led by CEO Roger Ver and Bitmain CEO Jihan Wu, has been winning the mining race. The other party called the Bitcoin Cash SV, led by nChain’s Craig Wright and Calvin Ayre has struggled to keep up with the ABC team in terms of the hard fork.

At the time of writing, Bitcoin ABC was 52.9% ahead of the SV team in terms of Proof of Work [PoW]. Out of the 289 blocks mined, Bitcoin ABC was leading by 17 blocks. The hard fork has also resulted in the inception of two tokens, BAB, and BSV which are both presents on Tradingview.

The hard fork’s excitement has not just been contained within the BCH network, with Charlie Lee, the Founder of Litecoin giving his comments on it too. He had said:

“It will be interesting to see how that turns out. At the same time, Bcash is now pumping because of the upcoming fork. Maybe it’s because Coinbase and and Roger Ver, of course, all said that they would support Bitcoin ABC.

Roger Ver, who has been quite vocal about the hard fork, had stated:

“In my opinion, I really don’t know the real after effects of the fork. It can be both good and bad for the entire community. It’s just like the Y2K scare, you know. Everyone expected planes to fall out of the sky, but in the end, nothing much happened.”

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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.