As Bitcoin miners and developers follow individual ideas to gauge its precipitously emerging marketplace, the cryptocurrency could fragment once more in November, generating a third version, Bitcoin Cash being the second.
Roger Ver, a well-known Bitcoin investor, says unanimity amongst differing supporters looked questionable.
“There’s probably going to be another split between bitcoin legacy and SegWit2X version of bitcoin but that just gives me more coins that I can sell for the Bitcoin Cash version,” Ver said at a conference put on by Bitkan in Hong Kong.
Bitcoin transaction times have been increasing due to the record amounts of trading and deliberation around the setbacks has separated the trading community, with some recommending increasing the number of transactions in each block that has to be proven by miners, and others supporting shifting some information off the main blockchain.
One section is advocating for a system upgrade in November, which might lead to a separation if no agreement is prepared.
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The first split happened in the beginning of August, with the creation of Bitcoin Cash. The price of normal BTC slipped 6.8 percent in a 48-hour period but prices recovered, escalating to a high of $4,880.85 by Sept. 1.
Unfortunately, the Chinese government revealed that they were terminating cryptocurrency exchanges and ICO’s leading prices dipping 20 percent.
Peter Todd, one of Bitcoin’s core developers, says this split is bound to cause user confusion of what version can be labeled the actual Bitcoin.
“In a sense, a split is 100-percent guaranteed,” said Todd.
“The split is likely to be more disruptive.”