Review on Bitcoin SV by Jackie Stewart
There are certain rules that must be followed to make entries into this ledger…
There are certain rules that must be followed to make entries into this ledger. If someone tries to make an entry in that ledger that does not follow the rules, the entry is rejected and does not become a part of the ledger. When BCH came into existence, it basically copied the BTC blockchain. It's almost like taking any file on your computer, copying it and then saving it with a different name. BCH also implemented new rules that went into effect on block 478,558. In order to add a new transaction to the BCH blockchain/ledger those new rules had to be followed from that point forward. These new rules violate the rules for the BTC blockchain, so they won't be added to the BTC blockchain. So now we have two distinct blockchains. Although they appear to be them same for the first 478,557 blocks, they are now completely different.
Pros
- Don't get shocked you expect any thing from this guy in past there were wonderful explanation of dev team. This is great example how deep knowledge they have and what is the direction of this coin. Honestly, I'm surprised, because you have a very large audience and everyone believes in you. I think that with such successes you will achieve something more in the future. Bitcoin Cash was deliberately split away from bitcoin by a team who thought high fees and slow transactions would eventually destroy bitcoin. It was deliberately designed to essentially be bitcoin, except easy to send, receive and transact with. But, I still prefer bitcoin tho when it comes to liquidity and value.
Cons
- I strongly doubt it will take that long. Now that cryptocurrency is in the mainstream, I think the prices will start recouping after there is a delay in bad news and/or FUD. There are no lost coins on the BTC chain. When BCH split from BTC, it did not require BTC be lost or destroyed. All of the coins that existed on the BTC chain at that point were now BCH coins on the BCH chain too. After the split, any new BTC created are only on the BTC chain and any new BCH are now only on the BCH chain. Now if what you mean by "lost" are coins that were originally on the BTC chain that are not recoverable, because no one has the private key; those coins are also not recoverable of the BCH chain. Maybe this explanation will help further. A blockchain, when used in a cryptocurrency, is a type of ledger that records transactions.
