Binance will delist Bitcoin Satoshi’s Vision (BSV). BSV is a fork of Bitcoin Cash (BCH) that came about due to an argument between Bitcoin Cash (BCH) camps.
Bitcoin Cash (BCH) is a cryptocurrency created from a hard fork of Bitcoin. The fork occurred at block 478,559.
Bitcoin Cash split into two versions in November of 2018. Those versions are currently called Bitcoin Cash ABC and Bitcoin Cash SV.
For now, until the future of both coins becomes clear over time, all things SV and BCH are going to be in this section.
Coinbase released BSV users got from the BCH fork. Anyone who wants to sell it or buy more should use another exchange like Bittrex or Binance.
When a coin does a hard fork, two identical blockchains exist until changes to one of the chains is made. To avoid transaction replays (transactions made on one chain being broadcast on the other), at least one chain must implement replay protection (developers of one chain must change the format of transactions to make them unique).
TRX, ADA, BCH, XRP, and LTC have all had impressive runs recently, as did ETH in its own right. Meanwhile BTC is holding its ground.
Bitcoin SV (a Bitcoin Cash fork) is regaining ground against Bitcoin Cash. This is a set up for a great outcome where SV shows strength, but not at the expense of Bitcoin Cash.
Calvin Ayre and CoinGeek are proposing a clean split between Bitcoin Cash ABC and Bitcoin SV to end the hash war.
To claim Bitcoin Cash SV (BSV) if you own your private keys, you’ll need to configure the official BSV wallet. To claim via a third party, follow their directions.
A Bitmex report shows that both BCH camps, ABC and SV, are mining their respective chains at a loss in the current hash war.
The Bitcoin Cash fork was successful… and it looks like Bitcoin Cash ABC is getting spammed with small transactions. Is this the hash war or stress test?
No one knows for sure why Bitcoin dropped. It is likely technical, but I suspect part of the answer is related to the current Bitcoin Cash “hash and cash” wars.