Thursday, November 29, 2018

Bitcoin Hard Forks – Who is Really in Control?


Bitcoin Cash Mining Pools after the Hard Fork

Currently we have some of the biggest players in Cryptocurrency flexing their power or hash rate. 
Craig Wright of Bitcoin SV, yes, the man who claims to be Satoshi is on record saying he would crush Jihan Wu and Bitcoin ABC. Jihan runs Bitmain, the biggest producer of mining equipment, so that is a huge statement!
Wright claims, he has enough money and hashing power to mine empty blocks on the rival Bitcoin ABC chain, and effectively bring it to a halt.
If he can do this, where does that leave us in our understanding of mining, blockchains and decentralization? We will try and explain this in non-technical terms for you in this article.



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