Why BCH and BSV Are So Fragile Compared to BTC 🤔
In this video, I examine the relative network hash rates of BTC (₿itcoin), BCH (₿itcoin Cash), and BSV (₿itcoin Satoshi's Vision), in order to determine which network provides the most robust security.
I conclude that the ₿itcoin (BTC) network offers much higher security against empty block attacks and other 51% attacks than either BCH or BSV does.
This is because the same mining rigs (SHA-256 ASICs) can be used to mine BTC, BCH, or BSV. BTC miners can divert just a tiny percentage of their hash rate (0.50%) to permanently disrupt the other two networks.
This is one reason that you never want to own the second or third best crypto that is secured by the same proof of work algorithm. This leaves your chain open to attacks by machines that are mining the highest hash rate network.
It's no surprise that BSV has already been a victim of multiple 51% attacks.
BCH and BSV continue to be failed forks and failed projects that are gradually trending to zero against BTC.
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
BSV network hash rate:
https://miningpoolstats.stream/bitcoinsv
BCH network hash rate:
https://miningpoolstats.stream/bitcoincash
BTC network hash rate:
https://miningpoolstats.stream/bitcoin
Hashpower converter calculator:
https://coinguides.org/hashpower-converter-calculator/
BSV hit by three 51% attacks:
https://cointelegraph.com/news/bitcoin-sv-rocked-by-three-51-attacks-in-as-many-months
Empty block attack hits BSV:
https://news.bitcoin.com/an-unknown-miner-commands-more-than-51-of-bsvs-hashpower-consecutive-strings-of-empty-blocks-makes-chain-unreliable/
Bitcoin BSV Association likes to rely on the legal system:
https://bitcoinassociation.net/statement-on-empty-block-miner/
Original Video by Bitcoin University: https://www.youtube.com/watch?v=f5RNsgvEd7o
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₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
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