Most Miners to Support Wright's Bitcoin Cash

64% of the hash capacities were sent to the version of Bitcoin SV promoted by the Craig Wright
13 November 2018   453

According to data from the CoinDance analytical service, on the eve of Bitcoin Cash (BCH) hard fork scheduled for November 15, the majority of miners support an alternative implementation of Bitcoin SV. 

Coin Dance
Coin Dance

In total, 64% of the hash capacities were sent to the version of Bitcoin SV promoted by the “self-proclaimed Satoshi”  Craig Wright. In support of the traditional implementation of BCH called Bitcoin ABC, only 18% of the hashrate is currently sent.

The diagram below shows that the CoinGeek, SVPool, BMG Pool, okminer and mempool pools supporting Bitcoin SV have a very significant share in the total Bitcoin Cash hashrate (more than 70% in total).

Coin Dance
Coin Dance

Bitcoin SV 0.1.0, as representatives of nChain are convinced, is the realization of Satoshi Nakamoto’s “true vision”, which described Bitcoin as electronic money. Among the main technical characteristics of this client, an increase in the limit on the block size from 32MB to 128MB, as well as the implementation of four Satoshi opcodes: OP_MUL, OP_INVERT, OP_LSHIFT and OP_RSHIFT.

Note that Bitcoin ABC and Bitcoin SV clients are incompatible. Consequently, on November 15, Bitcoin Cash is likely to split into two competing chains.

Zcoin to Implement Hard Fork to Fight ASIC Mining

After update, which implement new  Merkle Tree Proof algorithm, the cost of mining on ASIC devices will be significantly increased
10 December 2018   78

On Monday, December 10, a planned hardfork will be held in the Zcoin cryptocurrency network (XZC), the purpose of which is to oppose mining on ASIC devices. As expected, the upgrade will take place at 12:00 GMT.

As a result, the upgrade will activate a new algorithm called Merkle Tree Proof (MTP), the development of which has been carried out over the past few years.

It is noted that the MTP algorithm provides for increased use of RAM, which significantly increases the cost of mining on ASIC devices and thereby eliminates their advantages.

The FAQ section says that before hardfork users and operators of the nodes need to upgrade to the latest version of the Zcoin software (0.13.7.4). Earlier versions will continue to work, but the new release not only contains important fixes for various bugs, but also significantly improves network performance and throughput.

In addition, the developers warn that if after the hard forks the user still has an earlier version of the software, this can lead to incorrect display of balances in the Zcoin wallet.

Znode operators, in turn, will be excluded from the queue and will not be able to receive the award until they update the software to the latest version.

Zcoin Price
Zcoin Price

These news don't have any big effect on Zcoin's rate.