Today I want to talk to you about a very important aspect to decide which of the two coins between BTC and BCH is the real bitcoin.
We will talk about the longest blockchain with the greatest proof of work
First of all, an exclusive curiosity.
Everyone today talks about blockchain technology and everyone knows that it was invented by Satoshi.
What you may not know is that Satoshi invented the concept but not the word itself.
In fact, the word "blockchain" does not appear in the Bitcoin whitepaper.
The concepts of Block (block) and Of chain (chain) are instead defined and the whitepaper speaks of a chain of blocks (chain of blocks) but does not mention the word blockchain.
Going back to the bomb, let's see what Satoshi says about the longest blockchain.
So Satoshi claims that the valid block chain is the longest chain with the greatest proof of work.
Let's measure the block chains of BTC and BCH:
- BTC has the longest chain starting from the genesis block up to the current block which at the time of writing is block number 619000 approximately.
- BCH starts at block number 478588 approximately and is the shortest chain.
Now let's see which one is the "biggest CPU power group". That is which of the two chains has the largest hash power.
- BTC currently has a hash calculation frequency of ~ 97,000,000 Th / s (Terahash per second)
- BCH currently has a hash calculation frequency of ~ 4,500,000 Eh / s (Exahash per second)
BTC has the largest group of hash frequencies, but it must be said that the difference between the two has decreased significantly in recent months and it is impossible to predict whether it will always remain in favor of BTC or not.
So ladies and gentlemen, today we give 2 points to BTC in the race to be considered the real bitcoin.
To the next!
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