Bitcoin Cash is divided in two and the price of Bitcoin pellets

After the rejection of the modifications made to Bitcoin Cash (BCH) by criptomoeda miners, it was split in two and gave birth to Bitcoin SV (BSV). Created in 2017, the BCH is a fork of the original Bitcoin (BTC) and appeared just after the lack of consensus on the side of the world's most famous and most valuable criptomoeda network.

The divisional movements of the BCH led to a fall in the bitcoin price. On November 14, before the imbroglio around the possible division began, the currency was worth $ 6.2 thousand. Yesterday (2), the virtual currency closed the day at 4,000 USD, down more than 35%. Bitcoin Cash cost between $ 427 and $ 163 over the same period, a devaluation of 61.8%.

When it was created to make bitcoin more flexible and integrated into everyday life, BCH shared the same technical basics of BTC and now the same with BSV – the currency also shares its story, its technical base and its portfolios with the BCH.

The Conflict

The conflict around the BCH began in mid-November. during the periodic review by which the currency pbades for the implementation of news. However, this time, as indicated by G1 the Bitcoin SV and Bitcoin ABC groups diverged on the future of the currency and one of them promised to launch a "51% attack" to impose his will.

] The so-called "51% attack" is a bitcoin network mechanism designed to allow most participants to decide democratically on the direction of the currency. However, when only one group or individual concentrates this volume of domination, they can prevent the creation of new blocks outside the network models – and, if they are created, they can be isolated by majority controllers.

. BSV, Craig Wright, says the rival group, led by Amaury Séchet, has scheduled changes to the monetary protocol to centralize its administration. Supporters of Séchet say that Wright is trying to impose his point of view on the community and creates a drag that is detrimental to everyone. Because the consensus has not come and that BCH and BSV are now two different currencies.