AhmadUser-a0d74

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Bitcoin Cash (BCH) was born in 2017 from a hard fork of Bitcoin, originally intended to improve transaction efficiency by expanding block capacity. In its early days, it gained market popularity with the narrative of being an 'upgraded version of Bitcoin', and the price surged, attracting many retail investors to enter the market.

In November 2018, the BCH community experienced a serious split in direction, with the core conflict focusing on whether to introduce the 'Infrastructure Funding Plan (IFP)' — a plan that proposed to extract 8% of block rewards for project development. The BCH ABC team, led by Wu Jihan, supported this proposal, while the BCH SV team, led by Craig Wright, firmly opposed it, with both sides accusing each other of violating the spirit of decentralization.

The divide eventually escalated into a hash war, with mining pools from both camps increasing their hash power investments in an attempt to gain control over the chain, causing significant turmoil in the community and the market. After the hash war began, market panic spread, leading to a rapid drop of about 50% in the price of BCH within just a few days, causing significant losses for many retail investors who had high positions and panicked sold.

After the fork, BCH split into two independent public chains, BCH ABC and BCH SV, with the original consensus ecosystem being fractured and liquidity significantly diverted. The prices of both chains remained depressed for a long time, and early supporters of BCH's prospects were trapped for years. This internal struggle was essentially a conflict of interests among different parties, rather than a healthy iteration based on technological innovation, ultimately making ordinary investors, who lacked informational advantages, the victims of the battle for interests.

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【Cryptocurrency Journey】💗💗
The bear market is not the end of the story
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In youth, mountains are mountains, water is water, the world in our eyes is straightforward and passionate, mountains have the ambition to climb, water has the joy of riding the waves;
In middle age, mountains are not mountains, water is not water, the responsibilities on our shoulders and the entanglements in our hearts make mountains obstacles and water burdens;
In old age, mountains are still mountains, water is still water, when we unload our burdens, we realize that the silence of the mountains is protection, and the flow of the water is calm.
Mountains and rivers have never changed, what changes is the heart with which we see the world.