The Bitcoin Cash [BCH] hard fork has continued to create news in the cryptoverse with several proponents of the fork coming out to support their individual projects. In a recent video released by Bitcoin.com, Roger Ver, the Chief Executive officer of the company gave more information about the happenings post the hard fork.
In the video, Ver talked about the accusations that the Bitcoin Cash ABC team cheated to get more hash rate that enabled them to mine more blocks on the BCH blockchain. The complaint hurled against the ABC team was that “they had more hash rate that made sure they won the fork”. The CEO went on to say that having more hash rate is required to mine blocks and that’s the way it works. He added:
“The ABC team has been leading since the opening bell because we had more hash rate than the SV team and it is quite ironic that an SV supporter is saying this. They are the ones who started this entire topic of having more has rate to become the majority player.”
The Bitcoin.com official also stated that nChain had called the ABC team before the fork occurred to rent more hash rate. According to him, “hash rate is hash rate” and they are leased by majority operators. Roger Ver even claimed that the SV implementation, which was holding below the $80 mark, is in shambles. He even claimed that the entire SV ecosystem is not conducive for growth and that they don’t even have a cryptocurrency wallet.
The hard fork which had occurred on November 15 had resulted in the formation of two different tokens on the blockchain: Bitcoin Cash ABC and Bitcoin Cash SV. The ABC team was led by Roger Ver and Bitmain CEO, Jihan Wu while the SV team was led by nChain’s Craig Wright and Calvin Ayre. Ver had spoken about the fork earlier too, saying:
“The actions taken by BSV are opposite to how cryptocurrencies should function. Claiming you are Satoshi and then threatening to sell everything to destroy the cryptocurrency is a lot like a kid who just lost a basketball game and walks away with the ball.”
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Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro
Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.
According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,
“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”
Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told Bitcoin.com,
“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”
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