Bitcoin is facing in terms of scalability (despite SegWit implementation). See here for the hash power distribution of Bitcoin which makes it quite difficult for a single mining rig to overpower others with a 51 rate. It allows you to back up your wallet via a mnemonic seed phrase, like a true HD wallet. Thats why in this write-up I wish to convey some of my thoughts on how Bitcoin Cash is not Bitcoin. The official date and time for the fork is: Fork Date: 12:20.m. Bitcoin upgrades or forks happen due to pollings and BIP proposals which are transparent for all to see. So here are some technical jargons you may have seen: uahf-User activated hard fork, uASF-User activated soft fork, the New York Agreement. Now Lets See Who/What is Bitcoin? Ele ctron Cash (Desktop Mobile Wallet) Electron Cash is the fork of the original Bitcoin wallet, Electrum. Working together, we can build a technical foundation to empower Bitcoin Cash to be the best money the world has ever seen.
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On the other hand, Bitcoin Cash only has around 1200 nodes as per Coin. Centralized mining Bitcoin Cash mining is highly centralized. They called this plan a uahf (user-activated hard fork). Trezor (Hardware Wallet trezor has officially announced support for BCash (BCH). BCH is getting enough support from users, miners, and developers. You could even convert something like EUR to USD and see what the rate looks like using Bitcoin as the base currency. Their community is comprised of 3 people. The upgrade/fork was done to change the underlying mining algorithm to make it more competitive against Bitcoin and to prevent it from miners abuse in the event of reduced or increased difficulty.
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