Whatever Happened to BCH? | Blocksize Battle Leaves Questions
Edited By
Maya Patel
In a digital landscape overshadowed by Bitcoin, Bitcoin Cash (BCH) faces an uphill battle. Forums buzz with concerns about BCH’s stagnation, prompting inquiries into its current status, market performance, and future initiatives as the crypto community observes its trajectory post-BSV hard fork.
BCH: A Brief History
Bitcoin Cash emerged from the contentious blocksize war, branching off from Bitcoin in 2017. However, whispers of its efficacy have grown louder over the years. Despite ongoing open-source development since 2017, many users question its relevance in today's market.
"Bcash lost the blocksize war. They are now slowly dying against Bitcoin like all shitcoins."
Some commenters argue that BCH continues to struggle, bleeding users since its inception, with daily transaction numbers slipping back to 2018 levels.
Development Updates
Users highlight some upgrades BCH has implemented to remain competitive:
Switched difficulty adjustment algorithms
Introduced adaptive max block sizes
Added new smart contract capabilities
Yet, sentiment among BCH supporters appears mixed. While some commend its ongoing updates, others express disappointment in the overall performance and user retention.
"Unlike BSV, it sees continual, open-source development since 2017."
Market Performance
BCH's pricing strategy remains a focal point. Contrasted against its more maneuverable competitor BSV, BCH's market fluctuations are minimal. Many forum contributors note the lack of significant price movement since its start, causing skepticism about its long-term viability.
Future Prospects
Compounding the uncertainty surrounding BCH is the controversial figure of Roger Ver, often linked to its success or failure.
"It seems to have still outperformed many other chains and keeps ticking."
However, there's speculation about his leadership, especially amidst rumors regarding his potential legal troubles.
Key Takeaways
💰 BCH sees public open-source growth, yet struggles for visibility.
🛑 Stagnation in pricing suggests skepticism among the community.
👀 Roger Ver's future remains uncertain amidst legal controversies.
As BCH contends with ongoing challenges, only time will tell whether it can reclaim momentum or if it will fade further into the background of crypto discourse.