Bitcoin.org Co-Owner Launches ‘Cobra Client’ BCH Node Software To Avoid Bitcoin Cash Civil War
One of the most controversial figures in the Bitcoin community, Cobra Bitcoin just revealed that he is launching a new full node Bitcoin Cash client called “Cobra Client.” He claims that the Bitcoin Cash full node implementation will be ready before the hard fork scheduled for November 15.
Announcing Cobra Client: a safe implementation of the Bitcoin Cash protocol and November hard fork. https://t.co/G8F3HvqwBf
— CØ₿RA (@CobraBitcoin) August 23, 2018
Earlier this year, Cobra, who was originally a critic of Bitcoin Cash — came out in support of BCH, though he continues to also support BTC while taking some controversial positions such as arguing for a change to the network’s Proof-of-Work (PoW) consensus algorithm.
Now, he’s starting what he calls a “safe and reliable” full node Bitcoin Cash implementation in an effort to avert a civil war between BCH development teams Bitcoin ABC and nChain from causing a network split that permanently damages the cryptocurrency’s reputation. This has caused a lot of distrust towards him from the BTC community as he was asked to relinquish ownership of the Bitcoin.org domain.
Cobra Bitcoin Weighs In On The BCH Debate
This week Cobra is getting involved with the argument between Bitcoin ABC developers and Nchain developers over the next BCH upgrade proposed for November. Cobra says that a BCH upgrade is planned every six months and Bitcoin ABC and Nchain/Coingeek’s consensus changes are completely separate.
“Such a consensus failure will be a disaster for all investors and users of Bitcoin Cash, but it is almost impossible to avoid at this point as all the developers and miners involved refuse to back down. Such a scenario will wipe out huge amounts of value from Bitcoin Cash, lead to total ridicule of the currency, and widespread loss of trust and faith. Such reputation damage is simply not worth it, all just so some developers and miners can avoid having their egos bruised around some mostly unimportant and non-urgent changes. Even a temporary fork will cause lasting damage.”
Cobra claims that former to declaring his client, he ran behind-the-scenes to ensure assistance from a widespread alliance of BCH stakeholders. This group comprises at least a quarter of the Bitcoin Cash hashrate, as well as “a number of major businesses” including one “major cryptocurrency exchange” who has accepted to list the Cobra fork’s coins under the “BCH” ticker symbol. Nevertheless, he has not yet revealed the identities of these advocates, nor have they come forward.
What is Cobra Client?
The hard fork implemented by Cobra Client will perform no consensus corrections or add any new features as it’s clear there is not enough consensus on issues around the new OP CODES and Canonical Transaction Ordering. Instead, Cobra Client will implement replay protection to prevent Bitcoin Cash transactions being replayed across alternative chains.
Cobra Client implements a version of Bitcoin Cash that is not impacted by any of the controversial new features or chain forks and respects all of the existing features and established consensus. Having replay protection also makes it possible to safely sell BCA and BCN tokens without affecting your existing Bitcoin Cash holdings. Widespread adoption of Cobra Client allows Bitcoin Cash to continue maintaining businesses and retail without interference or breakdown as one would expect from something alleging to be the equivalent of digital cash.
Cobra Client is an implementation of UANF (User Activated No Fork). It's the best way for Bitcoin Cash to avoid a chain split and for businesses to continue servicing Bitcoin Cash. And for those wondering, yes, majority of the recent added hashing power on BCH was to back UANF.
— CØ₿RA (@CobraBitcoin) August 24, 2018
Cobra says there is a “commitment equivalent to at least 25% of the existing Bitcoin Cash hashing power backing the upgrade.” Cobra also claims that a number of businesses have tested the version and it will make sure continues use of the BCH ticker persists.
Cobra’s claims are very bold especially the so-called commitment equivalent to at least 25 percent of the BCH hash power, so a lot of people find his statements to be unbelievable. At the moment Cobra Client is undergoing testing and will be released in the next few weeks.
The BCH Community will have to wait for further updates to see if Cobra’s plans materialize.