What about Bitcoin Cash?

Just before the expected SegWit2x changeover on August 1, a new scaling concept called Bitcoin Cash Confusion.

The supposed emergency plan, which is provided in the event of a SegWit2x failure, is borne by the BitcoinABC client. Behind this client are primarily the Mininggigant Bitmain and Roger Ver, who are interested in a non-SegWit solution.

Bitcoin Cash would have a hard fork as a consequence, which would lead to no compatibility with the bitcoin blockchain anymore. It would create a completely new Coin with Bitcoin history.

There are three basic changes made by Bitcoin Cash:

1) The block size should be increased from the current 1 MB to 8 MB. In comparison, SegWit2x only has a doubling of 2 MB.

2) The mechanisms Wipeout and Replay Protection ensure that it is no longer possible for communication between the two chains to take place. This reprogramming prevents any compatibility between Bitcoin and Bitcoin Cash.

3) A new algorithm is implemented that allows blocks to be mapped faster.

Is Bitcoin Cash becoming the Ethereum Classic of the Bitcoin Blockchain?

Of course there is no 100% certainty that SegWit2x will be implemented smoothly. Nevertheless, it does not look bad, as the majority of the miners have already signaled their readiness for SegWit. A UASF, too, is moving further and further away.

There is therefore only a small probability that bitcoin cash will be separated from the main bitcoin block by a fork. This could lead to network instability, but for those who adhere to Bitcoin, there should be no problems. Some services have already announced Bitcoin Cash (BCC). If you want to get Bitcoin Cash after the possible fork next to Bitcoin, you should be sure that he owns the private key to his wallet. For those who just want to use Bitcoin Cash, this step is, of course, mandatory.

The initial uncertainty is likely to change after a while, without great damage to the Bitcoin original.