BitcoinCashSV has broken into the top 20 cryptocurrencies in terms of market capitalization and trade volume. The new cryptocurrency which was a hard fork from Bitcoincash now sits among the top traded Cryptocurrencies.
Although some crypto exchanges already disregarded the coin earlier, saying the leader, Craig Wright reorganized its own blocks which is not what a “decentralized” coin should be.
To the point that Emin Gun Sirer who is a professor at the prestigious Cornell University dropped his two cents about the situation. According to him, a decentralized blockchain protocol shouldn’t have a self-block reorganization whatsoever.
The hard fork from Bitcoincash happened on the 15th of November, and although the price of Bitcoincashsv dropped a little from $170 to almost $20. Well, it’s steadily getting on its feet back going from $36 to $51 in the past 24 hours.
Craig Wright the Chief Scientist at nChain has said that billions of people will use Bitcoincashsv in the coming years, even after the backlash from the big guys. While the crypto world has been somewhat stable these past few days with no dramatic price changes.