Many investors took the halving of Bitcoin Cash as a Bitcoin halving test that will take place in mid-May. However, nobody is happy about the results. Even its founder Roger Ver ceased mining his cryptocurrency. Will the future of Bitcoin be the same?
Bitcoin’s future in uncertainty: Even Roger Ver doesn’t mining Bitcoin Cash
It is not difficult to deduce that if the founder of the cryptocurrency does not mine the cryptocurrency, it is unlikely to survive. After the halving of the BCH, which took place this Wednesday, almost no one wants to mine the most successful fork of the original BTC. Blockchain of cryptocurrency is in great danger of being forcibly taken for at least a few minutes with 51% attack.
Price reacted positively before halving.
But the miners were not so happy about the event. They abandoned the cryptocurrency in bulk. Immediately after halving it took one block to extract 109 minutes. So 10 times more than usual. This is an absolutely unreal figure that shows that the price is not ready for halving.
Network performance dropped by 70%.
BTC.com’s biggest miner also reduced its performance. However, he kept exactly enough for the block to have a majority stake. But 56% of the same company shows that Roger Ver is leaving the project for the time being.
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