The gap between Bitcoin and its “forks”, Bitcoin Cash, Bitcoin Gold and Bitcon SV, is widening, and the lead of the number one cryptocurrency known as Bitcoin (BTC) seems unattainable.
If anyone still remembers 2017, the Bitcoin community was kept in a frenzy not only by the price increase, but also by serious conceptual disputes, several “forks” (branching off) took place, and new Bitcoin versions were created. Some of the Bitcoin enthusiasts wanted more speed, throughput, and lower costs (ie, scalability).
They wanted to achieve this by increasing the block size. This became Bitcoin Cash. Others said that safety and solidity came first and stuck with the old. Still others wanted to “democratize” mining, to make it available to ordinary users in addition to large mining farms. That’s how he came a Bitcoin Gold.
Later, additional versions were developed, but not with much success. While Bitcoin, considered by most to be the “original” one, maintains its first place among cryptocurrencies, Bitcoin Cash is in 30th place, Bitcoin SV is in 65th place, and Bitcoin Gold is in 147th place today.
Their exchange rate has fallen a lot in the last five years, while that of Bitcoin (BTC) is now almost three times what it was at the beginning of 2018 (even then it was a bear market). It seems that the war of versions has now been decided, the market has cast its vote through the exchange rates.
Published on the BitcoinBázis page.
