Bitmain co-founder Jihan Wu is able to sell over one million Bitcoin Cash SV (BCHSV) following the successful execution of the planned Bitcoin Cash Fork on November 15. On Twitter, he said:
I wonder when I can deposit my BSV tokens for sale at exchanges.
As of November 19, Bitcoin Cash ABC is 42. 7 percent ahead of the BCHSV spin-off in Proof of Work and nine blocks ahead of the competition. Most BCH blocks are mined by Bitcoin. com, BTC. TOP and ViaBTC without Bitmain having to intervene.
Clear victory for BCH?
With major exchanges like Coinbase and Kraken supporting bitcoincash. org’s original BCH roadmap and the supposed „stress test“; threatened by Craig Wright after the spin-off, BCH has secured a clear victory over BCHSV in the Hash Power War so far.
Prior to the spin-off, Craig Wright threatened to sue developers and miners for supporting BCH, and at some point claimed he would rearrange BCH’s block chain to double transactions.
On Twitter, Wright said he would publish methods that would „kill“; the ABC block chain. The feature „DSV (OP_DATASIGVERIFY)“; is causing crime and he will help to file a class action lawsuit. He will make sure that anyone who helps to implement DSV is liable to prosecution. He concluded that this would result in a loss of value.
Words with no deeds
Ultimately, no developer or miner was sued, the hash war ended early in favor of BCH, and the stress test threatened by Wright turned out to be a lie. The last resort of the SV camp, a 51 percent attack on the BCH network with overwhelming hash power, was also stopped by the BCH community through the integration of checkpoints.
On November 16, the BCH developer community implemented a checkpoint in each block mined after the fork to prevent a blockchain rearrangement. The developers responded to the threats from SV.
A decisive battle was won by the Bitcoin Cash defenders in Craig Wright’s war [. . . ].
[. . . ] In the event that an attacker (like Craig Wright) attempts to attack and wipe out 51% of the blocks and transactions that took place on Bitcoin Cash on the last day, the software will not let him do so. – Chris Pacia, Yours. org
Protection by hash power
But, as BTC. TOP CEO Jiang Zhuoer said: „The SV camp would never win a hash power battle with Bitcoin Cash because Bitmain had 20 exahash available during the entire period to protect the BCH chain from attacks. That’s four times the hash power that Coingeek and Calvin Ayre possess.
BCH wins the battle, but the conflict led to a negative result for BCH and BCHSV. Roger Ver, CEO of Bitcoin. com, recently said: „Nobody wins a war. Some just lose less than others. “ Wise words of a controversial figure.