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The Bitcoin Cash network (BCH) is scheduled to update the protocol on November 15th. The changes to the network have so far been classified as "recommendations" and not "a consensus" from the community.
The recommended changes are summarized as follows:
When past median time [1] of the latest 11 blocks (MTP-11) is greater than or equal to UNIX timestamp 1542300000, Bitcoin Cash will perform an update of the consent rules of the network based on this specification. Starting with the next block, these consent rule changes will take effect:
- Delete the topological transaction order constraint and enforce the canonical transaction order
- Enable OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY opcodes
- Impose minimum transaction size
- Apply "push only" rule for scriptSig
- Apply the "clean stack" rule
Inside the Bitcoin Cash "Civil War"
According to Bloomberg, at the center of the dispute c & # 39; is the encrypted giant of Bitmain Technologies Ltd led by the co-founder, Jihan Wu. On the other hand, there is the rival CoinGeek mining company led by billionaire Calvin Ayre.
As with the November 15 software update approaches, tensions are high as both mining giants are mobilizing behind a different software update. Bitmain has the idea that the new network should allow developers to publish tokens on the network as Ethereum does. Bitmain is also for the idea of a token burn and Roger Ver has supported this idea.
CoinGeek on the other hand, is mobilizing behind a different software update called Bitcoin SV, for Satoshi Vision. Bitcoin SV was launched by Craig Wright nChain this August and provides for the restoration of some technical features of the original Bitcoin network. It will also quadruple the maximum block size of BCH to 128 megabytes.
Roger Ver, also known as "Bitcoin Jesus", was disappointed by the lack of consensus with the approach of the software update date and the attitude of Craig Wright towards the whole situation. This after Craig Wright left the Bangkok 2018 Summit Miners that he wanted to solve some of the problems
Will It Become a Hard Fork?
Both sides of the argument have declared their desire to list their version of the digital asset as Bitcoin Cash on the various exchanges. Without a consensus and the software update date is approaching slowly, the only possible solution will be a difficult obstacle to resolve the dispute.
To summarize the time is running for the Bitcoin Cash community to decide which software update it embraces when the November deadline is approaching. If at that point there is no consensus, the only option will be a difficult fork that will leave every happy part of your digital resource. However, this could open another Pandora's box as the name "Bitcoin Cash" will once again be the center of another dispute over which faction will manage to keep the title already known.
What do you think the dispute of the Bitcoin Cash community? Can a Hard Fork be fixed and prevented? Please tell us what you think in the comments section below.
Disclaimer: this article does not intend to provide financial advice. Any opinion here is purely that of the author and does not represent the opinion of Ethereum World News or its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.
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