Bitcoin hardfork was successful and BCH split into two cryptocurrencies Bitcoin Cash ABC and Bitcoin Cash SV. Both the coins were listed on binance, the top cryptocurrency exchange and the owners of the original bitcoin cash were awarded both BCHABC and BCHSV.
Craig Wright also known as ‘Faketoshi’ by many crypto enthusiasts as he claims to be Satoshi Nakamoto, the founder of the original bitcoin is the man behind Bitcoin Cash SV.
Why Bitcoin Cash SV is the real winner:
Many people believe that the Bitcoin Cash SV was wrecked during the hash wars but what people are not realizing is that the Bitcoin SV community received the publicity of being one of the top 10 cryptocurrencies by market capitalization for free and at the same time automatically getting listed on the major exchanges such as binance.
Roger Ver, the founder of bitcoin cash may have believed that the fork is never going to happen but the bitcoin cash SV community was successful in completing the hardfork and splitting the original chain into two parts: BCHABC and BCHSV.
The cost of mining during the hash war may have been more than $300,000 per day but that is far too less if you wish to bring your coin to the top 10 cryptocurrencies according to market capitalization, getting listed on all major exchanges and at the same time having the coin priced at three digits. All these things combined would have cost billions of dollars rather than just a few millions that the team BCHSV is spending. So maybe the team behind Bitcoin Cash SV were successful in achieving what they actually wanted to.
So summarizing the hash wars, we believe the Bitcoin Cash SV community did not really get wrecked during the hash wars but rather they ended a winning as they were successful in creating a coin which is perhaps under the control and listed on all major exchanges with massive liquidity.
The following article is the viewpoint of the writer and does not intend to publicize or suppress any company or cryptocurrency. Readers are advised to do their own research and analysis before investing or trading in any cryptocurrency or digital assets.
