BitcoinXT Opposes the Governance of Bitcoin Cash (BCH), Plans to Abandon Upcoming Hard Fork
The developers behind Bitcoin XT have recently announced that they would not follow the upcoming Bitcoin Cash hard fork. They decided to announce it via a lengthy blog post in which they spoke of their history and how they participated in the BCH network before.
According to them, they have favored miners being able to actually make their own decisions without any need for forks, despite the fact that BCH often hard forks as part of its natural development.
The new fork seems like it will cause problems because the developers are not really deciding to be on board of the new change. While the company does not necessarily advocate for the creation of a whole new chain, as BCH did and Bitcoin SV did afterward, the decision would mean that the miners from Bitcoin XT would end up moving to something else in time.
Bitcoin Unlimited by cited by the team as an alternative in case they actually decide to really not go forward with the upgrade.
Their main problem right now is that they actively believe that Bitcoin ABC, which is one implementation of BCH, has simply too much control over the whole network. They are scheduling hard forks at regular intervals because this would allow them to be more effective as gatekeepers in determining what is the content that they want.
Bitcoin XT has also deemed the deadlines to be very centralizing and artificial as they destabilize the development of other teams.
At the moment, however, there are only six Bitcoin XT’s nodes around, so the impact of this decision will certainly not be very big. Bitcoin Unlimited has 700 nodes and Bitcoin ABC has 800 until now.
According to the developers, the governance strategy is chosen by BCH, there is no advantage in having multiple implementations because they turn out to be negligible.
While the BCH is supposed to have multiple node and wallet implementations, what the developers are claiming here is that there is an ongoing centralization effort and that this inferior model is emerging in the network. Some people prefer the miners to have more control than the developers but they believe that the miners simply don’t care.
BCH is becoming more centralized and following a route that may not end up well, why the original Bitcoin, in his opinion, has completely lost its way. According to him, BTC turned its back on the idea of becoming mainstream and has spent a lot of time in fruitless efforts lately.