Vitalik Buterin Shows Up At A Closed Doors Bitcoin Cash Mining Meeting In Bangkok

The Bitcoin Cash community is in a period of many changes lately as the Bitcoin SV protocol is almost ready to be implemented and Bitcoin ABC is pushing for a hard fork. Now, it looks like even Vitalik Buterin was thrown into the mix.

Apparently, Vitalik Buterin, the co-creator of the Ethereum Network, was escorted out of a closed door meeting where Bitcoin Cash developers and miners were discussing the future of the industry and disagreements on the matter.

There was security at the door of the meeting and Buterin was escorted in and out. According to Jihan Wu, from Bitmain, the creator of Ethereum was invited for a brief chat and expressed his congratulations on the growth of BCH. While there is not a lot of information about the meeting, reports indicate that Craig Wright has left the meeting only an hour after it started.

However, it does not look like the meeting went as expected as Calvin Ayre, affiliated from Coingeek, stated that there was a lot of technical debate in the meeting and that it is not a technical meeting, but a practical business issue.

The Miners Have Two Choices

Miners can either side with Coingeek and nChain or Bitcoin ABC and Bitmain. One side wants to change the mining protocol and the other one wants to use a protocol which will work on top of the current one. There have been several discussions on how it should be done and many accusations that the change in the protocol proposed by Bitcoin ABC will only benefit Bitmain.

While Craig Wright accuses Bitmain and Bitcoin ABC of wanting a hard fork, he defends that the Bitcoin SV protocol will be optional and will not create a hard fork at all. Therefore, it should be the best alternative.

Jihan Wu, on the other hand, believes that Bitcoin SV will be an attack on the BCH community. According to him, the new client made by Wright removes replay protection, which suggests that they may try to take over BCH.

At the moment, it is hard to see the issue ending without a hark fork as it does not look like either of the sides will give up on its idea.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide