Bitcoin Cash (BCH) Hard Fork Strategy Revealed as Upgrade Debate Continues
BCH Debates About Its Upgrade, A Fork Strategy And A Miner Meeting
Back on August 21, the Andrew Stone, an important Bitcoin Unlimited’s developer, wrote a proposal in which he outlined a strategy for the hard fork that is going to take place in November. At the moment, there are two changesets proposed by two different full node clients. It is important to mention that Bitcoin Unlimited (BU) wants to implement both consensus changes.
Bitcoin Cash and its community have been discussing about the latest Bitcoin ABC 0.18.0 release and the differences with the next Nchain client Bitcoin SV.
It is important to mention that both of the organizations have different changesets that want to add them to the coming hard fork in November 2018. If the proposals proceed, then, there could be a chain split.
After the ABC release, Mr. Stone decided to publish a plan called ‘BUIP098’ and that presented the strategy of Bitcoin Unlimited for the coming hard fork.
So, there are two different changesets that are proposed for the next hard fork and can be summarized as coming from Bitcoin ABC and Nchain. As stone explains, both changesets can be mutually compatible but the groups reject the proposals.
Andrew Stone explains on the matter:
“There may be some specific critiques of various proposals, but the core the rationale behind the rejections seem to be the same used to block Group tokenization – fewer changes are better because every change introduces risk.”
Stone is proposing a strategy for BU’s future in which he asks individuals to run BU. In this way, it would be possible for BU to incorporate both changesets that are proposed by Nchain and Bitcoin ABC.
According to Stone, it can be activated using BIP135, explicit configuration, or emergent consensus.
Allowing he BIP135, it is possible to move to a miner voting process allowing individual features to gain agreement before activation. With an explicit configuration, people that runs the BUcash full node can react to hash power surprises.
Coingeeks’ Miners Choice Meeting
Coingeek has also revealed a sponsored meeting that will be known as ‘Satoshi Vision Miners Choice Meeting.’ The event will take place in Bangkok on August, 30. Additionally, Calvin Ayre, Coingeek’s founder said that he wants to restore the Bitcoin protocol to its original design.
About it, Ayre said:
“We need to stop relying upon developer-determined default block caps. The block size is miner-configurable, allowing individual miners to set what maximum block size they wish to accept from another miner. This approach is similar to Bitcoin Unlimited’s ‘emergent consensus’ mechanism for block size, and therefore has precedent.”
According to Mr. Ayre, the miner’s choice approach has to main benefits. The first one takes the block size question out of Bitcoin Cash developers, and it is able to avoid unnecessary disagreements in the future, about the maximum block size.
The second puts the block size question in the hands of miners. In this way, they are able to direct the scaling roadmap as driven by network usage growth and economic incentives.
The Coingeek organization says that it wants all the Bitcoin Cash miners to join them deciding the block size. Moreover, Coingeek is also inviting mining pool representatives to come to the event in Bangkok.