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While this is a fairly balanced description of Bitcoin Cash, there are a few glaring errors that should be addressed. It's about 1000% better than most though.
by uncletammy 8y ago
While this is a fairly balanced description of Bitcoin Cash, there are a few glaring errors that should be addressed. It's about 1000% better than most though. Kudos to the author.
> It has made a number of subtle but significant changes to distinguish itself from Bitcoin
It has made a number of subtle but significant changes to survive as a minority hard fork until it can attract enough hash power to take the network.
> This has lead to nearly 2,000 Forks of the Bitcoin network
Almost all of the 2000 "forks" referenced here are forks of the codebase. Bitcoin Cash and only a few others are forks of both the codebase AND THE BLOCKCHAIN. When the blockchain is forked, the new coin contains the same transaction history and coin distribution up until the fork point.
> However, the person most directly connected to the currency today is Roger Ver, an early Bitcoin adopter and investor.
This could not be further from the truth. When the censorship started in r/bitcoin, multiple teams started working simultaneously on separate clients to fork the network. The team that was first out of the gate is said to be affiliated with ASIC manufacturers Bitmain. It took months before Roger Ver even spoke about it. It wasn't until the Segwit2x fork failed on the Bitcoin Core network that Ver actually put his resources behind it. He was even criticized for not supporting it immediately.
> A brief history
The history goes much further back. See the following links
- https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/ https://www.reddit.com/r/BitcoinMarkets/comments/6rxw7k/info...
- https://www.reddit.com/r/decred/comments/6wxueo/your_best_pitch_for_decred/dmcer4d/ https://www.reddit.com/r/decred/comments/6wxueo/your_best_pi...
- https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43 https://medium.com/@johnblocke/a-brief-and-incomplete-histor...
- https://www.reddit.com/r/btc/comments/7hckeb/in_response_to_my_post_the_other_day_about/dqq2t7q/ https://www.reddit.com/r/btc/comments/7hckeb/in_response_to_...
- https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf https://blog.coinbase.com/what-happened-at-the-satoshi-round...
> Because the Bitcoin Cash blocks are significantly larger, that makes them tougher crack, and harder for small miners to solve the blocks.
Block size has nothing to do with difficulty. Difficulty or "how tough to crack" is set by a function called the "difficulty adjustment algorithm" and is completely separate from the code that handles block composition.
Edit: formatting