According to a press release published on Dec. 6, Florida-based United American Corp.. (UnitedCorp) reportedly sues Bitmain, Bitcoin.com, Roger Ver, and Kraken Bitcoin Exchange. UnitedCorp alleged that the defendants were plotting to seize control of the Bitcoin Cash (BCH) network.
Founded in 1992, UnitedCorp is a development and management company focused on telecommunications and information technology.. The company manages a portfolio of patents and proprietary technologies on Telecom, social media and blockchain.. UnitedCorp also owns and manages BlockchainDomes, which provides heat for agricultural applications.
The lawsuit, filed in the US District Court in southern Florida, claimed that the defendants had unfairly and practices exploited the BCH network to UniCorp and other BCHs. it was alleged that they caused harm to their shareholders.
“UnitedCorp defendants; believes that after November 15, 2018, after the planned software update to centralize the network, they are plotting to take over the Bitcoin Cash network. Of course, all of these situations violate the accepted standards and protocols associated with Bitcoin since its inception.”
In the BCH network on November 15, supporters of the community Bitcoin Cash ABC and Bitcoin Cash SV’ An update has been made that splits .. UnitedCorp states that the defendants took control of the network immediately after the update using the “rent hash”. This supposedly led to the adoption of Bitcoin ABC’s rules and prevented other implants from maintaining their democratic rules. He claims to have put a “poison pill” on. This ensures that control over applications is maintained for future network updates.
The purpose of the case is to take action against the accused and to ensure that ongoing and potentially future actions against the BCH network are ended.. In addition, UnitedCorp seeks compensation, its value will be determined in the lawsuit.
Bitcoin Cash suffered huge losses during the day. According to CoinMarketCap, the altcoin has slumped around 20% over the past 24 hours and is now trading at $103.
By contrast, Bitcoin SV (BSV) has seen noticeable gains throughout the day, around $112. being traded. While the maximum resource of BSV is 21 million dollars, its market value is around 1.9 billion dollars.
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