Why is the second hard bifurcation of btc (why has btc been falling)
Why is the second hard fork of btc According to btc.com data, why is the second hard fork of btc so far? A hard fork occurred after Bitcoin’s block height reached 1250000 (July 19, 2018). The second hard fork was conducted between November 1, 2017 and February 8, 2019. After the first hard fork, the miners generated the first new transaction hash value when excavating a new block: 0xee6d4bba9f5ccbe0ba3fe58ff17dfdafae90ce8820af70cb76
This hard fork is caused by two reasons: one is a decrease in network performance, and the other is an increase in user transfer amounts due to unstable consensus mechanisms leading to transaction congestion and price fluctuations, This hard fork also makes the Bitcoin Cash cash blockchain optimize and adjust the block rewards. But this does not mean that there are no other changes. So the second hard bifurcation has a greater impact on the mining pool
Why has BTC been declining
According to Bitcoin Cash website, BTC has dropped from $44000 to $36000 in the past 30 days. The reason is simple: The Bitcoin ABC team has been developing its own algorithm, Stablecoin Btc (BSV), since May 2018
According to the introduction on the official website of btc, they are currently building a decentralized protocol to support Bitcoin Cash cash transaction pairs; Therefore, they have launched a new forked chain and collaborated with other mainstream public blockchains. However, because its design concept is different from other Cryptocurrency, the reason for the overall price decline is also obvious, because there is no value support after the issuance of btc.
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