Why is Bitcoin the predominant one among forks?

[Strufmbae]

Cryptography codings and supporters are one of the reasons why bitcoin is predominant. That's What i believe.

[1715060910]

1715060910

[1715060910]

1715060910

[1715060910]

1715060910

[1715060910]

1715060910

[1715060910]

1715060910

[1715060910]

1715060910

[Carlton Banks]

contract programming flexibility of Ethereum being considered a flaw by many isn't something I was aware of. You generally hear the 'smart' contract functions of Ethereum framed as a positive, especially with all the erc20 tokens. Perhaps this is a case of ease-of-use in creating an erc20 token taking priority over the possible 'better' but longer approach of creating side chains or additional network layers to Bitcoin.

The flexibility of a programming or scripting language is always a trade-off against how insecure or buggy it will be. If more complexity is permitted, then there is a much wider range of possible test cases, this is a direct reflection of the higher diversity of expression allowed by a complex language. Trying to imagine everything that's possible, and hence everything that could go wrong is simply alot of work. That's why a layered approach to complexity is sensible; discovering problems in the base layer is easier to reason about, which makes designing upper layers both easier and safer. Because the upper layers function using well tested & well understood primitives from the lower layers, it's easier to design the upper layers in a way that's more predictable and fails more safely.

[cellard]

The fact that Bitcoin Cash can smooth sail hoping from one hard fork into another proves that the project is de-facto centralized. If it was not the case, there would be some dissidence and therefore their hardforks would result in a surviving chain as well as the forked chain (just like it happens whenever someone wants to hardfork Bitcoin.. all you get is an altcoin).

The only other possibility is that the project is irrelevantly small enough that consensus can be reached, but that is a short lived period in time. Bitcoin Cash's scaling roadmap will eventually face a problem of big % of people not wanting to increase blocks anymore once they feel the consequences of big blocks (if either actual usage starts filling blocks or someone bothers to spam the network to fill them up making hosting nodes a mess, just like Ethereum)

[brontosaurus]

The fact that Bitcoin Cash can smooth sail hoping from one hard fork into another proves that the project is de-facto centralized. If it was not the case, there would be some dissidence and therefore their hardforks would result in a surviving chain as well as the forked chain (just like it happens whenever someone wants to hardfork Bitcoin.. all you get is an altcoin).

The only other possibility is that the project is irrelevantly small enough that consensus can be reached, but that is a short lived period in time. Bitcoin Cash's scaling roadmap will eventually face a problem of big % of people not wanting to increase blocks anymore once they feel the consequences of big blocks (if either actual usage starts filling blocks or someone bothers to spam the network to fill them up making hosting nodes a mess, just like Ethereum)

I think so that mainly due to firs-mover advantage. Bitcoin was the first cryptocurrency to be launched which initiated the crypto market. Therefore it enjoys a huge adoption rate and highest market capitalization. It has been able to survive successfully for 9 long years so investors have trust and faith in it. The forks might offer a better solution to the problems faced by bitcoin but they are just not the original bitcoins. Moreover the core miners too have not supported most of the forks with an unanimous consent which is another reason why is this happening around. I don’t think so it would be possible to replace this cryptocurrency.

[Dilerium90]

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?
Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

I think the answer is obvious - bitcoin live more than 10 years. This is really a brand and it has impressive volatility and volume. Other forks are just forks.

[Alijiindahaus]

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?
Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

I think the answer is obvious - bitcoin live more than 10 years. This is really a brand and it has impressive volatility and volume. Other forks are just forks.

I think that all these Bitcoin plugs were created in order to be able to earn. Bitcoin is a leader in crypto currency and had a large enough price to provoke the same price increase for its counterparts. the value of this currency will be preserved only when it is in great demand in the society. Not only air should be appreciated, but also practical application.

[sandisunny]

Bitcoin has gained the cryptomarket ground that is why its predominant. Now the advantages of bitcoin outweighs the disadvantage and that is why proven to still be very much around the market even with its rise and fall in price. People are more comfortable with bitcoin because they know the nitty gritty around it but this other coins are just new in the market, the fact that they have bitcoin attached to their name doesn't make it bitcoin. Bitcoin will still always be predominant amongst other folks because it has proven the test of time.

[Aikidoka]

Actually, you have answered yourself with those rethorical questions. Bitcoin is predominant because it is more famous than those forks, not to mention that everyone is putting their faith and trust in bitcoin. Not only bitcoin is the only dominant coin among forks but also among other coins. And if you tell us that these forks will replace bitcoin in the future, then no one can be sure because everything is expected. Expect the unexpected. But still it is going to survive. 

[spiker777]

Cryptography codings and supporters are one of the reasons why bitcoin is predominant. That's What i believe.

That as well as the fact that it was the first coin to emerge on the market and so people have strong sentiments associated with BTC.

People only want to fork from something successful, you wouldn't want to take an absolute trash coin, and then fork it into another slightly less trash coin? You would inherit all of the negative stigma associated with it, and be left with nothing but a deformed clone.

Strength, user base and utility are the major criteria, there are clones of a few other protocols, like LTC (itself a clone of BTC), and thousands of ETH clones if you count the ERC-20 tokens. However, these can vary significantly in their implementation, or even the standard they use, e.g. ERC-20 or ERC-721 (non-fungible) types.

Here's a good article about ERC-standards, just for some light reading 

https://medium.com/wepower/erc-standards-to-move-ethereum-forward-erc-20-erc-223-erc-721-e1712456449d

[mu_enrico]

From technical perspective..
Isn't it "simply" just because BTC chain has the most proof of work?
What if BCH or BTG (hypothetically) get a hash-rate boost then its chain has the most POW. Did it then become the predominant among forks?

[RodeoX]

For me. Because alt-coins are bitcoin for dumb people. 

[HeRetiK]

From technical perspective..
Isn't it "simply" just because BTC chain has the most proof of work?
What if BCH or BTG (hypothetically) get a hash-rate boost then its chain has the most POW. Did it then become the predominant among forks?

On a protocol level the amount of work put into a chain only accounts for something if we're talking about an chain split occuring within the same blockchain. That is, to resolve a chain split nodes will follow the chain with the largest amount of work that they are aware of and miners will add their next block to the chain with the largest amount of work that they are aware of (barring attack scenarios or other funky behaviour).

Predominance between blockchains that do not represent the same cryptocurrencies (even if they used to, at one point) usually refers to the coin with the larger market cap. A metric which is admittedly rather arbitrary, but is also reflected in the hashrate of a given fork, assuming they share the same PoW hashing algorithm. Case in point, BCH currently being worth 0.12 BTC is reflected in BCH's hashrate currently being roughly 11% of BTC's hashrate. This correlation will of course shift with changing block rewards due to (1) BCH being ahead 7000 blocks leading to an advance halving by about 48 days and (2) transaction fees and thus network usage becoming more relevant. For now that's the relation we see though.

I assume something similar can be seen with ETH and ETC, but I'm not too familiar with the details of their dynamic.

It is also worth noting that once a fork coin changes its PoW hashing algorithm, as was the case with BTG, it becomes hard to meaningfully compare the amount of work put into it. Obviously you can make an educated guess which network has a larger amount of computational power behind it, but once you take a closer look and try directly comparing the work put into blocks mined with Equihash to the work put into blocks mined with SHA256 things get fuzzy.

[anhzaibro]

Why is Bitcoin the predominant one among different forks, such as Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X?
Is it because Bitcoin is the most original one? Does it have to do with its price? Or does it have to do with its broad, generic name? Or because it's more widely adopted by many companies? In other words, is there some sort of complicated blockchain technology that will always make the Bitcoin most predominant one among different forks regardless of any circumstances? Is it theoretically possible for forks like Bitcoin Cash, Bitcoin Gold, Bitcoin SegWit2X to be more predominant than Bitcoin in the future? I don't know much about blockchain technology and I wonder if it's ever related to the fact that Bitcoin's the most predominant one.

The first is bitcoin is the original and it is the first blockhan technology. From that, people have developed higher generations of blockhan and formed other currencies.

[Kattayan Manickam]

For me, I'll say that as bitcoin is the first  of its kind, it is useling its dominant power to subdue others, and bitcoin itself has lots of backers that bitcoincash, bitcoin gold, bitcoin segwit2x does not have. Bitcoin's influence in the crypto market is so high and trusted that it affects all other currencies.