What is a Flippening as They Pertain to the Digital Currencies?
The cryptocurrency world has brought us a bevy of new terminologies. These include everything from altcoins to blockchain to Initial Coin Offering, and now we have flippening.
What is a Flippening?
Simply put, a flippening is the concept of other cryptocurrencies such as Ethereum growing bigger, more important, and more valuable than Bitcoin.
Up until now, all other digital digital currencies have been compared to and alligned with Bitcoin, being that it was the first major cryptocurrency.
Bitcoin Satoshi Vision or BSV will soon have a larger total blockchain size than BTC for the first time since the original split of Bitcoin.
Kurt Wuckert Jr notes that BTC proponents want to keep the total size of BTC as small as possible so average people can run full copies of the blockchain.
"But big blockers believe that the cumulative data on the ledger is itself the valuable commodity that the proof of work secures, and so profit-seeking nodes should desire more data that can be used in commerce from the blockchain."
In BTC, the maximum amount of data that can be written per 10-minute block is about one megabyte, or roughly six megabytes per hour. In BSV, there is no protocol limit, and no known practical limit.
- Aaron Goldstein, Gambling911.com
