Roger Ver: Bitcoin Cash Is Superior To Bitcoin Because Almost 100% Of BCH Market Cap Is Active
Bitcoin Cash Is Superior To Bitcoin, Says Roger Ver
Is BCH Having A Better Year?
The recent month has seen a lot of improvement in the BCH (bitcoin cash) ecosystem, at least development-wise. While 2019 has been hugely positive for Bitcoin, it is Bitcoin Cash that has silently enjoyed a better year. Apart from its huge gain in market capitalization as compared to its price at the beginning of the year, it has also seen a lot of positive development attempts to improve its scalability and wallet service. 2019 has seen the welcome inclusion of much-awaited developments such as Neutrino’s private wallet, Cashshuffle, and Badger Wallet. However, the most important and probably the most significant would be the recently introduced Schnorr signatures. Named after notable cryptographer, Claus Schnorr, Schnorr signatures has got a few crypto enthusiasts excited for a long time, and its supposed implementation on Wednesday is only a sign of better things according to Ver.
Following BCH’s latest implementation, Bitcoin’s transactions would be evidently inferior to its forked counterpart. Lightning network, a second level interaction built on the bitcoin blockchain might be winning favors regarding the future of Bitcoin, especially given its rise in popularity this year; however, it is still nothing to be compared to the giant strides that Bitcoin Cash blockchain is taking. Not according to Roger Ver anyway.
BCH’s scheduled implementation of Schnorr’s signatures did not take place as expected after a minor attack. Mark Lunderberg, a developer and Bitcoin Cash enthusiast who had explained a week earlier that a few users using bitcoin.com wallet app to receive BCH would have noticed a difference after the upgrade commented cheekily on the recent hiccup, and he like Ver do not seem to be moping.
“A Schnorr-signed transaction,” he wrote. “Was it a secret payment channel closure? Did hundred parties sign to make it happen? Did a secret atomic swap occur? Or did I just send coins to myself in a boring txn? You will never find out”
According to Bitinfocharts, almost a hundred percent of the market cap of Bitcoin Cash moved within the past day. This would imply that more than $6billion of the total market capitalization of Bitcoin Cash moved, compared to the 8 percent of Bitcoin.
Bitcoin has often been derided a terrible option for making everyday transactions and developments on Bitcoin Cash blockchain have been geared at solving this particular problem right from its hard fork.
If Bitcoin Cash is outperforming Bitcoin in scalability and transactions, it might as well be dubbed the superior one.
Well, even Roger Ver with all his BCH-enthusiasm knows it’s not all as simple as that.