Amuary Sechet: ‘Without this update Bitcoin Cash is destined for irrelevance’

Bitcoin ABC, the dominant implementation of Bitcoin Cash (BCH), has released a controversial new update that BCH supporters must implement by November 15 to facilitate changes in the core protocol of the cryptoasset.

Lead developer Amaury Sechet said that part of the reason for the new update was to provide crucial development funding to allow Bitcoin Cash to compete with Bitcoin and Ethereum.

“By comparison, Bitcoin Cash is underfunded and the result is a poorly maintained infrastructure, highly dependent on the work of other teams such as Bitcoin Core, as well as poor development tools.”

The update will introduce a new difficulty adjustment algorithm called ‘ASERT’ in response to lengthy block times, along with a controversial feature that will reject all newly mined blocks that do not divert 8% of rewards to a designated wallet to fund the ongoing development of the ABC protocol, called the ‘coinbase rule. ‘.

Sechet predicts that without the coinbase rule, the future of BCH is a “slow journey to irrelevance”But he said that the division in the community ran much deeper than this issue. While some attribute the BCH tensions to the coinbase rule, “not even a month ago it was a difficulty adjustment… These details are not very relevant. “

“A rupture occurs first at the community level, and then reasons are found to perpetuate it.”

He added: “I don’t think anything can be done to bring the community together at this time“.

What is the problem?

Bitcoin ABC said that the coinbase rule will allow “to hire more technical talent to maintain and develop the network” predicting that this will result in the removal of transaction chain bottlenecks to further accelerate BCH transfers.

The coinbase rule looks set to become the catalyst for a hard fork in November.; Some supporters of the alternative BCH implementation ‘Bitcoin Cash Node (BCHN)’ call for the resignation of Sechet.

The most prominent proponent of Bitcoin Cash, Roger Ver, has voiced his opposition to the coinbase rule, comparing the Reddit update to a change that will alter the BCH “to look more like Dash.” He told Cointelegraph:

“I like Dash, but I DON’T think BCH should be altered to look more like DASH. I wish those in the BCH community who want to switch to BCH to look more like DASH would sell their BCH for DASH. “

They ask for the resignation of Sechet

In a blog post calling for the resignation of Sechet, the BCHN supporter, Nilac The Grim described “the much dreaded ‘IFP Coinbase Rule'” as the main source of contention among the BCH fields., stating that alternative implementations of BCH, Bitcoin Unlimited, bchd, Flower, Bitcoin Verde, and K-nuth, oppose its introduction.

Nilac said that recent fundraising initiatives have shown that “the community loves to pay for their development project”, stressing that “there is no problem financing infrastructure.”

Speaking to Cointelegraph, Nilac predicted that Bitcoin Cash will avoid a November hard fork despite tensions.

“We are in communication with the mining groups in China and it is quite clear that they are also against this unilateral modification of the coinbase reward.”

Sechet not sure if BCH will file a fork in November, emphasizing that “BCHN will accept blocks coming from ABC, but not the other way around.”

“This means that there will be a fork if the BCHN has more hashes than ABC, but not the other way around,” he said.

However, in the case of a fork, Sechet cautioned that “BCHN chain will be removed” if BCH chain gets longer than BCHN chain after chain breaks.

I don’t think any exchange in their right mind lists an asset that can be disposed of., so they could be forced to [ejecutar] an emergency hard fork to ensure the survival of the chain, “he added.

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Amuary Sechet: ‘Without this update Bitcoin Cash is destined for irrelevance’

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