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Cryptocurrency

The possible scenarios following the Bitcoin Cash hard fork

Here’s how it might go

  • Scenario 1: Bitcoin ABC and Bitcoin SV remain independent chains, and the Bitcoin Cash brand is retired
  • Scenario 2: Losses incurred during the hash war will force one side to give up
  • Scenario 3: ABC changes proof of work to prevent a potential attack by SV
  • Scenario 4: One side begins to attack the other

On November 15th at block 556767, the Bitcoin Cash network splintered into two competing factions: Bitcoin ABC and Bitcoin SV. Regular readers of The Block know we’ve been on the forefront of Bitcoin Cash debate — covering all the major events leading up the hard fork. The Block summed up the reasons for the debate, interviewed major participants, mapped out the key companies involved, and covered institutional investors’ views on the split.