Name of Bitcoin Cash in dispute before imminent hard fork

The hard fork seems to be a definite thing in the Bitcoin Cash environment. The ABC and BCH Node development groups remain divided over the implementation of the “coinbase rule”. It is a kind of tax that imposes a contribution of 8% on the rewards per new block created, which would become the reason why the chain could be divided during the next network update scheduled for November 15.

The Bitcoin ABC Team advertisement in mid-August, the freezing of functions and the release of version 0.22.0, which contains the new features to be implemented (coinbase rule and improvement of the Mining Difficulty Adjustment Algorithm). Since then both groups, ABC and BCH Node have intensified the battle, now seeking the support of the majority, since the rights to the Bitcoin Cash brand are in dispute.

The coinbase rule activated by the ABC group, is rejected by the BCH Node group, and every day it wins more opponents. According to data from coin.dance There are currently 1,257 public nodes on the Bitcoin Cash network, where Bitcoin Unlimited and BCH Node represent the majority, that is, 55.05% of the nodes that are not compatible with the ABC implementation, the team led by developer Amaury Séchet.

Bitcoin Cash promoter Roger Ver, hinted on Twitter that the fork is final. Previously, the own Ver has spoken out against the implementation of the coinbase rule. “Diverting some of the reward from Bitcoin Cash blocks to pay a single development team is a Soviet-style central planner’s dream come true,” commented three days ago.

Other community members they point out that the ABC group has already marked its distance from the legitimate code, while the rest are determined to continue with the original plan. There are also community members who believe that the real problem of Bitcoin Cash are the developers with power, suggesting that the frequent disputes in the cryptocurrency ecosystem are related to particular interests and not so much to the differences that can be natural between groups.

The Bitcoin Cash community decides whether to implement the coinbase rule or reject it. Composition CriptoNoticias. PhotosFuerBlogger / pixabay.com.

Just under a month ago, Sechet surprised the community when he announced that the coinbase rule would be included in the next network update. There was an immediate backlash from the community, not only because at the time it was viewed by most as detrimental to the Bitcoin Cash ecosystem, but also because of the arbitrary manner in which ABC enforced the rule. Many believe that it will allow the diversion of funds from miners to some developers, as reported by CriptoNoticias.

The coinbase rule, for now, is irreversible as the software that will put it into operation is written to go live in November. Notably a similar plan to fund the protocol had previously failed which also threatened to fork the network.

Should a new hard fork occur, it will mark the third division of Bitcoin Cash. In 2018, after a fork, Bitcoin SV (short for Satoshi Vision) was born. Earlier, in 2017 BCH was born from the division the coordinated division of the Bitcoin (BTC) network.

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Name of Bitcoin Cash in dispute before imminent hard fork

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