Loading...

Parallel Satoshi Vision stream could just be solution to Bitcoin Hash war

bitcoin hash war solution

Contents

Share link:

TL;DR

Nakamoto Consensus or the protocol also known as the core of Bitcoin (BTC) is still under implementation phases. The hash used by the system was taken from the BTC network and is still not even close to the approach that the whitepaper mentioned. This is an illicit way of deciding things and is not accurate in the slightest manner.

Experts and users stand divided where a good pool thinks that a more reliable poll would have turned in favor of Bitcoin Satoshi Vision (BSV/Bitcoin SV) to secure the original Bitcoin Protocol. Experts believe that it would have allowed scaling on a larger scale while supporting the majority of the hash rate. Moreover, exchanges should not provide the Bitcoin Cash (BCH) platform to Bitmain and Bitcoin.com for the swindling done by the two.

Calvin Ayre’s is a Canadian entrepreneur rooting for neutrality and stability to prevail in the market. He thinks he has cracked the problem and given his solution to the problem.

Ayre believes that Bitcoin ABC is no longer working under the principle of Bitcoin and is only Bitcoin by name which is evident as certain exchanges have listed it as BAB on their platforms. On the other hand, Bitcoin SV practically proved that scaling is possible through the original Bitcoin and recently mined a 64 MB block. He also believes that if it were under normal conditions we would have been able to mine 128MB blocks.

Ayre went on to express that CoinGeek owning the most hash on Bitcoin Cash servers should allow the two tokens to compete separately from the main network. All exchanges should enlist them as BSV and BAB and the factions should agree not to attack the other while working in the market to gain mainstream support.

He believes this is a win-win situation for both BTC and BCH as CoinGeek and its partners would ensure that neither uses their network to attack or manipulate Bitcoin’s Hash.

Share link:

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Bitcoin Ordinals
Cryptopolitan
Subscribe to CryptoPolitan