Home / Blockchain / The reorganization of Bitcoin Cash's blockchain SV attracts further criticism of centralization

The reorganization of Bitcoin Cash's blockchain SV attracts further criticism of centralization

The Bitcoin Cash (BCH) rigid fork controversy continued on November 19 after Bitcoin Cash SV (BCHSV), one of the two new altcoin forks, suffered from what is known as blockchain reorganization.

The last stop to influence the rising fork, the reorganization (often called simply "reorg") lasted for two blocks and initially feared it was a malicious attack.

Reorgs occur when two miners who solve a block at the same time cause a temporary fork in the network. The miner who solves the next block then imposes the blockchain as the fork now performs more work according to the rules of the Proof-of-Work (PoW) algorithm.

When the network agrees on which fork to use, the redundant block will not see a continuation of the blockchain built on it, since it is "orphaned".

However, when blockchains undergo congestion, block information can reach miners more slowly than usual, resulting in blocking.

In this event mentioned above, the reorg BCHSV came because of the mining arm of the publication of cryptocurrency news Coingeek, a party in favor of the competing fork Bitcoin Cash ABC (BCHABC), which isolated its own blocks.

The events were transmitted to social media by Peter Rizun, chief scientist of Bitcoin Unlimited.

Emin Gün Sirer, creator of the first cryptocurrency in the world to implement a PoC concept and a vocal critic of BCH, continued the debate, emphasizing that the possibility for miners to make their own redundant blocks raised doubts about the level of decentralization of the BCHSV.

"This should not be possible in a decentralized system", he he wrote, adding:

"You can invalidate your block and create a new queue if you are the majority miner BCHSV is a centralized currency."

BCHSV saw a limited absorption of the major cryptocurrency exchanges, including the US platform Kraken, which issued a strongly written warning to users when he assigned tokens and opened trading.

The prices also fell, the Kraken BCHSV / USD pair (written at BSV / USD) hit the lows of $ 32.40 on 21 November. At press time, BCHSV traded at about $ 49.77 on CoinMarketCap, down 6.66% over a 24-hour period.

Bitcoin Cash has attracted accusations on centralization first, the veteran cryptographer Nick Szabo openly labeling the coin as a "centralized sock puppeteer" last year.

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