New Bitcoin Cash (BCH) Hard Fork Details: Who vs Who, What vs What
Bitcoin Cash Hard Fork: Bitmain and ViaBTC vs nChain and CoinGeek – Will BCH Undergo Yet Another Split?
Bitcoin Cash [BCH] originated as a fork from the giant, Bitcoin [BTC] and based on existing information, it is believed that the former might undergo yet another fork. As per Investopedia’s reporting, the reason is because of an alleged disagreement between its developers.
The area of disagreement has been noted as having to side with one of two different bitcoin cash software clients – Bitcoin ABC and Bitcoin SV. Scientist, Craig Wright will supposedly be taking the directive in this matter, with the involvement of other players including crypto mining firm, Bitmain, and Founder at CoinGeek and nChain technologies, Calvin Ayre – as all three members contribute to either the bitcoin cash protocol or its token supply.
Bitcoin ABC (i.e. BCH Client) made the announcement of a potential atomic swap, which, as per Investopedia, “enables conversions between cryptocurrencies by enabling the move between blockchains.” This was not setting well with Bitmain, adding that support for hash power will not be provided.
Ayre is for Bitcoin SV, as he strongly believes that the client reflects Satoshi Nakamoto’s original goals for the cryptocurrency giant, BTC. Bitcoin Exchange Guide previously reported on this matter, in which CoinGeek and other miners requested that the necessary steps be taken to preserve BTC’s original purpose. In particular, said miners believed that
“Bitcoin SV is intended to provide a clear bitcoin cash implementation choice for miners who support bitcoin’s original vision.”
Interestingly, Co-Founder of Ethereum, Vitalik Buterin commented on the matter saying that as opposed to fighting against Wright, users should go along it so that the latter will be “ostracized and rejected”. He also went on to poke fun at the problem at hand by coming up with the next potential forked coin, which he called, Bitcoin Craig (BCC).
Some believe that the disagreement will eventually be resolved. According to Bitcoin Classic Developer, Thomas Zander, the lack of understanding and clarity as to why “ABC and nChain are trying to hard fork,” and their lack of communication their supporters will result in no good for the “rest of the ecosystem”.
Do you think BCH needs to undergo another fork? Which of the two clients are superior: Bitcoin ABC or Bitcoin SV? Share your thoughts below.