The Bitcoin Cash hardfork scheduled for Nov 15 has now been completed — resulting in the creation of two competing chains: Bitcoin SV and Bitcoin ABC. Currently, Bitcoin SV is considered the minority chain, after failing to attract the majority hash rate.
At the time of this writing, Bitcoin ABC has seen a 14 percent drop and Bitcoin SV has fallen 24 percent since midday. The combined total of both ABC and SV is just under $400, down 10 percent from the pre-fork value of Bitcoin Cash (BCH).
Currently, Bitcoin ABC still leads in the hash rate race at 6,035PH/s to Bitcoin SV’s 4,439PH/s — just 36 percent higher, with the majority of its hash rate contributed by blockchain.com and ViaBTC.
The vast majority of exchanges have disabled both deposits and withdrawals of Bitcoin Cash, ABC, and SV, while the networks stabilize.
With neither side looking unlikely to yield, which coin do you think will come out on top — Bitcoin ABC or SV?
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