A Three-Headed Mess: Bitcoin Cash Headed Toward Messy Three-Way Split

Once a unified front, the leadership of Bitcoin Cash has fractured into warring factions, and it appears that it's headed toward not one, but two contentious forks.

Another major player in increasing the value of and interest in Bitcoin was the infamous Silk Road. The online marketplace, known for its many illegal products, was one of the few places where Bitcoin transactions regularly took place, and its many anonymous users helped grow the Bitcoin network.

Despite the agreement, a hard fork occurred on Aug. 1, 2017, creating two separate ledgers, Bitcoin and Bitcoin Cash.

Since the split, it has been a vicious battle between supporters of Bitcoin and Bitcoin Cash.

Ver, once the champion of Bitcoin, has adamantly fought to spread Bitcoin Cash as Nakamoto's true vision.

While Bitcoin supporters are generally indifferent toward BCH, with a small minority hoping that it eventually goes to zero, Bitcoin Cash advocates hope for a "Flippening," where users migrate to Bitcoin Cash and it displaces Bitcoin as the top cryptocurrency.

Although Bitcoin Cash was at one point as high as 0.244 BTC, it has since fallen below 0.1 BTC. Compared to its all-time high, Bitcoin Cash has lost 88 percent of its value while Bitcoin has dropped over 70 percent.

It's unclear if Bitcoin Cash can recover to close the gap with Bitcoin.

With the split is a dispute between two main factions-Bitcoin ABC and Bitcoin Cash Satoshi's Vision.

While some Bitcoin Cash holders may be unsure of which side to support, Bitcoin supporters are thoroughly enjoying the BCH in-fighting.