What is the standard for bitcoin

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As we all know, Roger Ver is a big supporter of Bitcoin Cash. In a practical gesture of support for Bitcoin Cash, he recently displayed Bitcoin on his website Bitcoin.com as Bitcoin Core (BTC), and Bitcoin Cash as Bitcoin (BCH). In addition to this, the option to “Buy BCH” was placed above “Buy BTC”.

While those changes seemed perfectly normal, adding his claim that "Bitcoin Cash is the real Bitcoin", it drew complaints from some users. Some users believe this is false advertising. In order to respect the user's choice, Bitcoin.com has corrected the description of "BCH is BTC" on the site yesterday. However, Roger Ver is still very supportive of Bitcoin Cash. The other day, Roger Ver himself posted a video explaining "Why I think Bitcoin Cash is Bitcoin".

In this video, Roger Ver makes a table comparing Bitcoin Cash to Bitcoin Core. There are several criteria for Bitcoin in this comparison:

The concept of peer-to-peer electronic cash system mentioned in the white paper

Low fees, fast transactions, reliable features from Bitcoin.org

On-chain expansion mentioned by Satoshi Nakamoto

0 confirmations mentioned by Satoshi Nakamoto

On-Chain Digital Signatures in White Papers

OP-CODES script code derived from Satoshi Nakamoto

SHA-256 algorithm and CPU one vote mentioned in the white paper

The longest chain principle of proof of work in the white paper

Roger Ver believes that the longest chain principle of peer-to-peer electronic cash systems and proof-of-work is more important among these standards, and he gives 5 points, and other standards give 1 point. Among these standards, Bitcoin Core only complies with the longest chain principle of the SHA-256 algorithm, CPU one vote and workload proof, while Bitcoin Cash does not meet the longest chain principle except the workload proof mentioned in the white paper. , and the rest are compliant.

Regarding the peer-to-peer electronic cash system, this is the goal of Bitcoin Cash, which has gradually lost its advantages as a payment tool. The features of low fees, fast transactions, and reliability mentioned by the Bitcoin.org website are no longer in line with Bitcoin Core, and the website has also changed this point. On-chain scaling is the basis for Bitcoin Cash, precisely because Bitcoin is locked in a 1M block size. The zero confirmation that Satoshi Nakamoto once mentioned is the direction of the development of Bitcoin Cash, which has already been used in some places. On-chain digital signatures, Bitcoin Core added Segregated Witness to ease transaction congestion is no longer in line with this, and Bitcoin Cash has left this legacy. Bitcoin Cash, the longest chain principle of proof-of-work, does not meet this criterion.

Roger Ver believes that although the longest chain principle of proof-of-work is a very important standard of Bitcoin, it is not its only standard. He believes that the standard of peer-to-peer electronic cash system is more important. Therefore, by comparison, Bitcoin Cash is 68% compliant with Bitcoin standards, while Bitcoin Core is only 32%. In addition, many large companies are now abandoning Bitcoin Core payments while more and more merchants are supporting Bitcoin Cash for payments.

Finally , Roger Ver also said, "In terms of exchange rate and computing power, the growth rate of Bitcoin Cash is better than that of Bitcoin Core. I believe that it will not be long before Bitcoin Cash's price and computing power will surpass Bitcoin Core and become the most powerful long chain."

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