Bitcoin Cash is regarded as one of the purest blockchains. BCH has a strong development, a solid community, and a healthy ecology. These are the reasons why many users invest in BCH.
I have been optimistic about BCH for a long time because of the solid foundation of Bitcoin Cash:
1. The open source community distributes Bitcoin Cash fairly and widely through a hard fork, giving it a solid foundation for Bitcoin.
2. It is reasonable and logical that the large block project that was born from the Bitcoin expansion dispute has solved the expansion problem that has plagued the Bitcoin community for 4 years (or more) since its birth.
3. All the basic properties of Bitcoin. (For example, the total amount of 21 million will never exceed the issued amount, etc.)
Bitcoin Cash has become better over the years
Simple classification protocol SLP and its token ecology.
Cashfusion (mixed currency) privacy protection tool.
Cashaccounts.
Coupled with the actual adoption of Bitcoin Cash in core areas such as Tokyo, Townsville, Slovenia and other areas, Bitcoin Cash has developed far more than 99% of blockchain projects, and there is huge room for development. However, there have always been quarrels and conflicts within Bitcoin Cash. At present, it seems that we are at a fork in the road of dispute and conflict.
Bitcoin Cash hard fork may be good news
People who are afraid of hard forks may think that hard forks are a bad thing and may make prices fall, just like during the BCH/BSV split, the total value of both coins was lower than before. This is due to market uncertainty. The main reason for this situation is that because of the computing power war, CSW threatened the Bitcoin Cash chain with computing power and refused to add replay protection. This must have affected the stability of the BCH chain and the price drop caused by the main chain problem. Not only BCH, the computing power war greatly shook the market, and even BTC collapsed.
The current situation of BCH is very clear. It is completely different from that of BSV. At first, both parties said that they would not fork (now the attitude of BCHN has changed), and they are not planning to fight hard. This shows that 100% will not affect BCH. With the main chain function, exchanges and users can still trade and use BCH normally. Moreover, ABC issued an announcement last week. ABC was quite sincere and expressed its willingness to negotiate. The differences were not as big as many people thought. Even if the split really occurs in the end, what many people predict is that it may be a "price war" this time. Maybe this is good for retail investors.
Frankly speaking, the external concerns are all developer-level differences. Of course, this situation is not uncommon in the past. The BCH community resembles the Bitcoin community from 2013 to 2014. Development technology discussions have always been the main theme of the community. There are multiple development teams and everyone has the right to speak. Developers dispute It is always difficult to understand and stubborn, but this is also one of the manifestations of decentralized communities. The current situation is the dispute that has occurred because of IFP, which has become a problem at least as early as the first IFP attempt.
Regardless of the final outcome, BCH has a total of 7 clients, several wallet vendors, and a very large development team such as SLP ecology. The main development team ABC and the opponent BCHN have strong development power. No matter who wins in the end, It will cause an earthquake in BCH, which makes me quite optimistic about Bitcoin Cash. However, the incentive problem for developers still needs to be solved. Even if IFP is abandoned, other programs should be implemented as soon as possible. Developers must have the protection of funds to continue to be hot for BCH. The significance of stable development is very important.
For the ABC side, assuming that they really lost their leadership, I think it is a good thing. The heavy and complicated development and maintenance tasks limit ABC's hands and feet, and unloading the burden allows them to pursue their own vision, such as development avalanche Agreement (Avalanche), this is the biggest "big killer" of the BCH community at this stage. Its value is self-evident. If ABC can realize the avalanche agreement one day earlier, they can bring the greatest development to BCH.
sum up
If a hard fork does happen, no matter who wins . The market will determine the value.
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