Bitcoin Fatal Vulnerability
Bitcoin (BTC) Fatal Vulnerability:
The Bitcoin Fork in August 2017 resulted in 2 separate chains, Bitcoin (BTC) & Bitcoin Cash (BCH). Miners now have a choice to switch between the two chains depending on which chain profits them the most or aligns with their Bitcoin block size limit philosophy.
Upon forking, Bitcoin Cash (BCH) implemented a new feature into its software, Emergency Difficulty Adjustment (EDA), such that in case of losing hashing power (due to miners leaving the BCH chain) it adjusts the difficulty of block time until it regains the lost hashing power.
This is NOT the case for Bitcoin (BTC) as it does not have EDA feature. To have this feature BTC needs to have a hard fork! BTC can adjust the difficulty only after the next block of 2016 multiplier reaches.
Bitcoin Fatal Vulnerability occurs when the block time increases leading to some miners switching chain. As more miners leave, the problem gets worse and a feedback loop results in the dreaded Chain Death Spiral in BTC.
Conclusion:
Bitcoin Cash can not die because it has EDA. Bitcoin can die because it doesn’t have EDA. Bitcoin Cash's value can not go to zero. Bitcoin value can go to zero.
Source:
Interesting... I did not know about the EDA feature on BCH but I do know there are a lot of apps being built on the Bitcoin Cash blockchain and that means a lot for the actual use of the technology.
Look at Coin Text, it is built to exchange BCH through SMS!
This is the future guys.
I believe BTC will be usless pretty soon.
Thanks for feedback & info:)
You're welcome. This can bring the un-banked people of this earth a lot of finacial freedom