Bitcoin Cash turns one year old and celebrates with lots of spam by cryptoexpert0

View this thread on steempeak.com
· @cryptoexpert0 ·
Bitcoin Cash turns one year old and celebrates with lots of spam
![](https://cdn.steemitimages.com/DQmU6i3rPajztUSmkcgkoLDKMuXgBGdqHxL8hnEgSEkf9SX/billede.png)
# Bitcoin Cash turns one year old and celebrates it with lots of spam

**Yesterday it was a year ago that Bitcoin Cash made a split from Bitcoin. The Bitcoin Cash scene celebrates this by attacking its own blockchain with spam transactions. Does it prove that Bitcoin can scale onchain?**

A year has passed since the Blocksize Wars ended. With the Bitcoin scene split into big blockers and small blockers since 2015 and these parties fiercely arguing over whether or not to raise the blocksize limit for more than two years, the Big Blockers will be on 1 August 2017 from Bitcoin (BTC) by setting up Bitcoin Cash (BCH).

Bitcoin Cash is a fork of Bitcoin, which means that the Blockchain will be the same as Bitcoin (BTC) with all its transactions until August 1, 2017. Block 478.558, found on 01. August 2017 at 13:16, was the last block of Blockchains from Bitcoin (BTC) and Bitcoin Cash (BCH). From then on, Bitcoin Cash changed the consensus rules so that Bitcoin's blocks are no longer accepted, but the limit is raised to 8 megabytes. Thanks to the adapted difficulty algorithm, Bitcoin Cash did not freeze, but was kept alive with the help of miners.

Finally, when the SegWit2x initiative on Hardfork failed to reach 2MB, Bitcoin Cash finally became a big-money co-investor. This was the formerly united Bitcoin scene shared. Small blockers use Bitcoin (BTC), big blockers use Bitcoin Cash (BCH), and both sides think they are using the "true Bitcoin". Since Bitcoin Cash only has about a tenth of price, hashrate and transaction volume compared to Bitcoin, it should be clear that Bitcoin (BTC) continues to be the "real Bitcoin" - while Bitcoin Cash is more of a realization of a possible future for Bitcoin the size of the blocks allowed to grow.

# No, Bitcoin Cash does not disappear
Anyone who hopes that "bcash", sanded or hundred, was as mistaken as those who expected the "real Bitcoin" to kick the "SegWitcoin" off the throne. There was no flipping, but Bitcoin Cash is consistently ranked fourth in the cryptocurrency ranking, with between 10,000 and 20,000 transactions a day, and is constantly evolving and promoting.

Among the developments are the following highlights:

- Eliminating Quadratic Scaling: Bitcoin's signature algorithm has the problem that the computational power required to validate signatures scales quadratically with the number of inputs in a transaction. You do not have to fully understand that; it's a bug that can cause special transactions to consume extremely large amounts of processing power. Bitcoin Cash eradicated this bug on the day of Hardfork.
- Improving the Difficulty Algorithm: With the new algorithm for adjusting the mining difficulty introduced by Hardfork in November, the Bitcoin cash developers have managed to ensure stable block intervals of 10 minutes, regardless of the hashrate. In the case of Bitcoin (BTC), on the other hand, the interval fluctuates with a strong increase or decrease in the rate of ischa.
- bThe introduction of the CashAddr format: With the CashAddr format in bech32, Bitcoin Cash has adopted an address format that prevents one from inadvertently sending BTC to a BCH address (and vice versa). At the same time, the CashAddr format has some advantages, but they are rather insignificant for most users.
The reactivation of disabled opcodes for the scripting language of Bitcoin. What exactly one can do with it is not really clear to this day. But they are there.
- There are also very active developments on UTXO commitments and also on Graphene. Both could be an important tool to increase the capacity of Bitcoin Cash very much.

There are also very active developments on UTXO commitments and also on Graphene. Both could be an important tool to increase the capacity of Bitcoin Cash very much.

Further, there are eager developments of "non-monetary" applications. Mention should be made here of Memo.Cash, a kind of Twitter based on Bitcoin Cash, as well as the discussion of which of the many methods available for selection should be used to get tokens on the blockchain. This discussion has become quite heated by now, which is relatively typical for Bitcoin Cash.

# nChain vs. Unlimited vs. ABC
The past year has seen a lot of drama and internal anger in the Bitcoin cash scene. Maybe that's because Bitcoin Cash, unlike Bitcoin, does not have a single core developer team. Instead, Bitcoin Cash is being developed by several equal teams. Notably, BitcoinABC by Amaury Sechet, who wrote the version that launched Fork, and Bitcoin Unlimited. There are also BitcoinXT, BitPrim and others.

![](https://cdn.steemitimages.com/DQmeF5THk98CAZV4XL6dKpHs7LbHTTEyyHXfKRajTMMDX34/billede.png)
The classic: TxHighway shows a track on a freeway for every MB of maximum blocksize. Usually the 32 tracks of Bitcoin Cash are rather empty. But they were pretty full for their birthday.

Everyone in the Bitcoin cash scene knows that BitcoinABC or Amaury and Bitcoin Unlimited are not the best friends. This alone is enough to cause friction again and again. But that's nothing compared to the squabbling over Craig Stephen Wright, the beloved or hated pseudo-satoshi, and his patented company, nChain. Wright has the habit of promising and delivering little, but fooling it all the louder in all directions. Meanwhile, members of Bitcoin Unlimited and BitcoinABC face it openly, which is perhaps the only point where the two teams agree.

BitMain CEO Jihan Wu and Bitcoin.com CEO Roger Ver continue to be more or less strong supporters of Bitcoin Cash. However, there is an ever deeper alienation between the two and Craig Wright's nChain. This is particularly noteworthy because Wright has convinced poker billionaire Calvin Ayre to found the CoinGeek mining pool, which only mines Bitcoin cash and hits more and more Hashrate.

Craig Wright has thus secured an impact on the development of Bitcoin Cash, which is seen by many in the scene as critical. Despite these and other disagreements, the Bitcoin cash scene seems to pull together a bit and try to distance itself from Bitcoin (BTC), but also to establish itself as "the real Bitcoin". But it is not yet remarkably successful.

# Stress test or auto-aggression?
To celebrate yesterday's birthday, the Bitcoin Cash Community made sure there was something going on at Blockchain. Although the Bitcoin Cash Stress Test is scheduled for September 1st, a lot of people have already used the spam tool of scale.cash to automatically generate a large amount of transactions. The "dust" that was created goes to a charity.

In the meantime, 22 transactions per second were seen, there were always blocks of almost or 8 megabytes, and on the entire day about 700,000 transactions were sent. The network showed no problems to manage the volume. Fees remained at about a penny per transaction, the MemPool was largely emptied very quickly, the load on the nodes remained low (at least my node was inconspicuous even at the height of the stress test, neither bandwidth nor CPU nor disk operations have risen remarkably).

![](https://cdn.steemitimages.com/DQmaZRGVfrEY7oUNb1aZL9MqC4ZKvTjBvdguBTEah1kp7cy/billede.png)
BitcoinSubway.Cash visualizes the transaction volume of the two bitcoins by persons waiting at a subway station.

Whether it makes sense to spam your own Blockchain is an open question. The communities of Bitcoin (BTC) and Ethereum would not come up with the idea in life to artificially increase the already high load. They regard unnecessary transactions as spam, perhaps also as a DoS attack, and what drives the Bitcoin cash scene at present as a digital form of auto-aggression. On the other hand, spam demonstrates what Bitcoin Cash can do. 700,000 transactions a day, sometimes even more than 20 transactions per second, are apparently not a particularly big problem. At least you know that having such a volume for a day is no problem.

Bitcoin Cash competes with VISA and PayPal, writes btc.com in a birthday party blog post. Whether the actual volume of what appears to be 96 to 227 transactions per second is actually possible will probably be seen on September 1st. Because then there will be only the real stress test. The spam fireworks birthday was just a little taste.
👍  , , , , , , ,
properties (23)
post_id58,520,861
authorcryptoexpert0
permlinkbitcoin-cash-turns-one-year-old-and-celebrates-with-lots-of-spam
categorybitcoin
json_metadata{"format":"markdown","app":"steemit\/0.1","image":["https:\/\/cdn.steemitimages.com\/DQmU6i3rPajztUSmkcgkoLDKMuXgBGdqHxL8hnEgSEkf9SX\/billede.png"],"tags":["bitcoin","cash","crypto","news","cryptocurrency"]}
created2018-08-02 13:51:09
last_update2018-08-02 13:51:09
depth0
children2
net_rshares6,825,986,783
last_payout2018-08-09 13:51:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length8,333
author_reputation-9,308,696,887
root_title"Bitcoin Cash turns one year old and celebrates with lots of spam"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars0
author_curate_reward""
vote details (8)
@resteemator ·
@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!
properties (22)
post_id58,563,181
authorresteemator
permlink20180802t232004753z
categorybitcoin
json_metadata{"tags":["steem"],"app":"steemjs\/test"}
created2018-08-02 23:20:06
last_update2018-08-02 23:20:06
depth1
children0
net_rshares0
last_payout2018-08-09 23:20:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length151
author_reputation-226,174,919,515
root_title"Bitcoin Cash turns one year old and celebrates with lots of spam"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@surikowstepanuk ·
@cryptoexpert0, I'm interested in the same topic as you, let's spin it together. I signed on to you, I hope you'll sign up for me. Always glad to meet new people!
properties (22)
post_id58,564,188
authorsurikowstepanuk
permlinkre-cryptoexpert0-bitcoin-cash-turns-one-year-old-and-celebrates-with-lots-of-spam-20180802t233758345z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["cryptoexpert0"],"app":"steemit\/0.1"}
created2018-08-02 23:37:57
last_update2018-08-02 23:37:57
depth1
children0
net_rshares0
last_payout2018-08-09 23:37:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length162
author_reputation-479,856,200,681
root_title"Bitcoin Cash turns one year old and celebrates with lots of spam"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000