Declares a Preference for Bitcoin Cash Over “Blockstream Fork”

  • Staff

    Blockexplorer Announced to Refer Bitcoin Cash the Only Bitcoin

    ** has announced that it will henceforth refer to Bitcoin Cash as Bitcoin only and the “Blockstream fork of bitcoin” as Bitcoin Legacy. **

    Also Read: Michael Novogratz $400 Million Bet: Form Giant Crypto Merchant Bank

    An Evolutionary Dead End

    Blockexplorer Announced to Refer Bitcoin Cash the Only Bitcoin, which provides detailed information about bitcoin blocks, addresses, and transactions, will be supporting Bitcoin Cash over Bitcoin. Blockexplorer CEO Rick Falkvinge wrote in today’s announcement that the web tool is to change the default to show Bitcoin (Cash) over Bitcoin Legacy. He explained that the current version of bitcoin is an evolutionary dead end:

    The Blockstream fork of bitcoin diverges so radically from the ideas presented in the Bitcoin white paper, that it is an evolutionary dead end. While it may still have high trading value, as a mere collectible of curiosity, the Blockstream fork of bitcoin is not part of building any future financial infrastructure, which is what Block Explorer is about.

    “The Blockstream fork of Bitcoin” is subject to high fees and low transaction confirmation speeds, making it unqualified to be called a currency of the future, according to the announcement.

    A Currency of the Future

    Blockexplorer Announced to Refer Bitcoin Cash the Only Bitcoin believes that a currency of the future should have “subcent optional usage fees and instant transactions”. They think that “the Blockstream fork of Bitcoin” is too deprecated, and support it as legacy technology only. “Rather, we have made the decision to support the only bitcoin fork with a positive utility momentum, which is Bitcoin Cash,” said the website’s CEO. will go further, and remove future support for “Bitcoin Legacy”, which it plans to deprecate entirely at some future point in time to be determined.

    BCH remains a contentious topic so far. A Chinese public figure told that though refers to Bitcoin Cash as Bitcoin, it cannot force the rest of the world to think so. The website ranks within the top 10,000 sites in the United States. It has already deployed a Bitcoin Cash block explorer and will continue to roll out related services.

    **What do you think of the announcement to declare Bitcoin Cash as Bitcoin on Blockexplorer? Leave your comments below. **

    _Images via Shutterstock, Blockexplorer. _

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    The post Declares a Preference for Bitcoin Cash Over “Blockstream Fork” appeared first on Bitcoin News.


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