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Roger Ver on Bitcoin Cash Hard Fork: How Bitcoin ABC Won The Hash War

Roger Ver, CEO of bitcoin.com weighs in on the bitcoin cash hard fork/upgrade that took place recently where Bitcoin ABC protocol won out through having the majority hash rate. As always, please leave your thoughts in the comments below — ► Subscribe Now For More Content: https://www.youtube.com/bitcoincomofficialchannel?sub_confirmation=1 ► Follow us on twitter for moment by moment updates: ► What is bitcoin? — Bitcoin is one of the most transformative technologies since the invention of the Internet. Bitcoin.com stands firmly in support of financial freedom and the liberty that Bitcoin provides globally for anyone to voluntarily participate in a permissionless and decentralized network which empowers people to not be marginalized by governments and financial institutions. Bitcoin is freedom. — ► Want some free Bitcoin Cash? Grab some from https://free.bitcoin.com/ — ► Who are we? — Bitcoin.com is your premier source for everything Bitcoin related. We help you buy, use, and store your Bitcoin securely. You can read the latest news . We also provide helpful tools and real-time market price and chart information, as well as Bitcoin mining and Bitcoin events information. — ► Follow Bitcoin.com Here: Twitter: https://twitter.com/Bitcoincom Instagram: https://instagram.com/newsbitcoincom/ Facebook: https://www.facebook.com/buy.bitcoin…. Website: http://bitcoin.com Telegram Channel: https://t.me/bitcoin_tv Podcast: https://podcast.bitcoin.com/ Bitcoin Store: https://store.bitcoin.com All Podcast links:

What is Blockchain?

From a cruising altitude, a blockchain might not look that different from things you’re familiar with, say Wikipedia.

With a blockchain, many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated. Likewise, Wikipedia entries are not the product of a single publisher. No one person controls the information.

Descending to ground level, however, the differences that make blockchain technology unique become more clear. While both run on distributed networks (the internet), Wikipedia is built into the World Wide Web (WWW) using a client-server network model.

A user (client) with permissions associated with its account is able to change Wikipedia entries stored on a centralized server.

Whenever a user accesses the Wikipedia page, they will get the updated version of the ‘master copy’ of the Wikipedia entry. Control of the database remains with Wikipedia administrators allowing for access and permissions to be maintained by a central authority.

Roger Ver on Bitcoin Cash Hard Fork: How Bitcoin ABC Won The Hash War

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