You are viewing a single comment's thread from:

RE: Did Bitcoin split or not? Help me understand Bitcoin Cash

in #fork8 years ago

it´s kind of a helicopter drop for all bitcoin hodlers. The new coin has the same history as the original bitcoin but has more "space in the blockchain" for transactions. So the transactions should be faster and cheaper. The main reason for the split is the fact that segwit did something against the scaling problem, but there are miners which have mining racks with asic boosts which can´t be used with the originial bitcoin anymore. So this miners would´ve bought this new stuff for millions of dollars and now it would be worthless with segwit.

Sort:  

So it is a split after all?

Yes it is but it happened before with for example ethereum and ethereum classic, only time can tell if it will survive in the top 10 or eventually die off

That's what I understood, that it was something like what happened with ETH. But some people are saying that's not what happened and that's where my confusion comes from.

Goodnight.

Recommend to invest in BTC right now