BCH will implement Schnorr signature this month, V God: very good

According to ambcrypto reported on May 5th, Vitalik Buterin, the founder of Ethereum, the world's second largest cryptocurrency, gave a speech at the ETH Cape Town conference in April 2019. When talking about the bitcoin branch, Buterin said that BCHSV was overrated and BCH was underestimated. He said:

"I think that the market value of BSV reaches this number, and its value is still overestimated; and for Bitcoin cash, I think it is actually underestimated."

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Image source: pixabay

He added that the Bitcoin cash community has become very "sense" because the recent bitcoin cash split event (split to BCHABC and BCHSV) has left the BCHSV community without a foothold. He particularly emphasized:

"If you really care about this community, you will know that this community has become more rational because they have defeated the BCHSV supporters."

The BCH fork for BCHABC and BCHSV occurred in November 2018, and this event was once the focus of the encryption community. The BCHABC branch, supported by Bitcoin Jesus Roger Ver and Wu Jihan, gained more support from the community than the BCHSV branch supported by Craig Wright and Calvin Ayre.

Since the fork, BCHABC has outperformed BCHSV in terms of price and community adoption. As of press time, the price of BCHABC was $288 and the market value reached $5.11 billion. The price of BCHSV is relatively low at $53, with a market capitalization of only $945 million. From the market capitalization of these two cryptocurrencies, BCHABC ranked fourth, while BCHSV ranked fifteenth. Buterin further added:

“Bitcoin cash realized Schnoor signature earlier than Bitcoin, which is very good. It seems that there are a lot of really skilled people in the community.”

Bitcoin cash recently announced that they will implement the Schnorr signature on the main network and add the same signature on the test network, which users can test on the test network. According to the announcement, the Schnorr signature will be implemented on May 15, 2019.

Bitcoin developers have not fully mentioned implementing Schnorr signatures and other privacy/security features in the Bitcoin blockchain. However, the Bitcoin community has also been discussing the implementation of this technology.