Explained: Bitcoin Cash Hash Wars, Where the Factions Stand on the Issues

gepubliceerd op by Cryptoslate | gepubliceerd op

Two upgrades to the underlying software of Bitcoin Cash threaten to split the coin in two, and both factions are determined to fight all-or-nothing to determine the fate of Bitcoin Cash's next upgrade.

Bitcoin Cash was conceived of in July 2017 as part of a Bitcoin Improvement Proposal.

The two branches of Bitcoin have since separated, the longer one retaining the Bitcoin namesake and the other becoming Bitcoin Cash.A Fight for Supremacy over BCH. Now another dispute has arisen, and it threatens to divide the Bitcoin Cash community.

Recently, factions have formed to lobby for which changes should be made, with the crux of the disputes revolving around how aggressively Bitcoin Cash should be upgraded and which faction should have defacto decision-making power over the currency.

On the spectrum, these factions are arguing whether a) the protocol should change quickly to keep up with other blockchains, or b) should change gradually to ensure that the Bitcoin Cash remains stable and secure.

Major factions have formed around different versions of the Bitcoin Cash software.

Both miners have sufficient hash power to seriously disrupt the Bitcoin Cash network.

I. Compromise and Incorporate Features from Both Sides:As said by renowned Bitcoin Cash developer 'theZerg,' President of Bitcoin Unlimited posted in a technical forum: "The Bitcoin Unlimited client will incorporate features from both organizations," and by means of the new voting mechanism parties could include or exclude features as voted.

Renowned Bitcoin Cash software developer under the alias 'theZerg' makes a telling comment about the conflict: both sides want "No changes, no matter how reasonable, except mine."

According to statistics from Bitcoin Cash data aggregator Coin Dance, the compromise party is gaining on ABC. But, the damage may already be done to investor and user confidence in Bitcoin Cash.

x