Bitcoin Cash Hash War and Chain Split
Code: NT-106
Tags: #bitcoin #hashrate #forks
Language: en
Field Notes
Slack channels and Twitter spaces tracked hash-power swings in real time as BCHABC and BCHSV camps pointed spare capacity at their preferred chain. Exchanges paused deposits because reorg risk felt tangible, and wallet providers scrambled to communicate replay protection.
Market Read
Both BCH variants cratered while BTC held relative dominance, highlighting how miner infighting bled retail confidence. Futures desks widened spreads or stopped quoting entirely, citing uncertainty around the eventual dominant chain.
Technical Moves
The fork hinged on block size limits and canonical transaction ordering, but it quickly devolved into miners threatening long reorgs. Emergency checkpoints were proposed, and chain IDs diverged to protect from replay attacks.
Open Questions
Could either faction sustain hashrate subsidies after the publicity battle faded? Would exchanges relist both assets or crown a single “real” BCH?