Coin.Dance: Bitcoin ABC is the new Bitcoin Cash
Coin.Dance: Bitcoin ABC is the new Bitcoin Cash
Crypto

Coin.Dance: Bitcoin ABC is the new Bitcoin Cash

By Marco Cavicchioli - 19 Nov 2018

Chevron down

We have a first final verdict: the well-known Coin.Dance website, which followed the Bitcoin Cash fork with continuous updates on the status of the two chains, has decided to consider BCH ABC as the “real” Bitcoin Cash.

So, from now on, the Bitcoin Cash ABC chain will be called Bitcoin Cash (BCH), while the other chain has been assigned the new name of “Bitcoin SV” (without “Cash”).

Note that, at the time of writing this article, the length of the Bitcoin SV chain exceeded that of Bitcoin ABC (557277 against 557276), so the decision of Coin.Dance could be premature.

The hash rate at this moment seems almost equally distributed between the two chains, even if 68% of the nodes support ABC.

For example, CoinMarketCap has not yet taken any decision and continues to list one cryptocurrency (BCH) and two future ones (ABC and SV) with much lower values.

In other words, the issue is not yet considered closed, even if ABC still seems more likely to obtain the name and symbol Bitcoin Cash (BCH).

This means that from yesterday, Bitcoin Cash ABC has been trading on Kraken as BCH, while Bitcoin SV, even if not resulting to have the requirements to be listed on the exchange, is now present with the symbol BSV.

There is also another noteworthy aspect: to date, there have only been four pools that have mined blocks on the SV chain, while for ABC there are six.

To make a comparison, in the last 7 days there have been more than 17 pools that have mined blocks on the Bitcoin chain (BTC).

Bitcoin Cash, therefore, seems much more centralized than Bitcoin, while SV in turn, seems more centralized than ABC.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.