BCH community 15th NOV 2020

• Bitcoin Cash will more than likely expertise a brand new arduous fork on November fifteenth, which is able to deliver BCH house owners an airdrop.

• At the second the camp round Roger Ver and BCHN appears to have a small majority of the neighborhood, whereby Bitcoin ABC could possibly be forked off.

Over the previous few weeks, a disagreement throughout the Bitcoin Cash (BCH) neighborhood has escalated, culminating in the specter of one other arduous fork. As Roger Ver, one of many main figures of Bitcoin Cash, wrote through Twitter, the chief developer of Bitcoin ABC, Amaury Séchet (@deadalnix), will conduct a Bitcoin Cash arduous fork on November 15, 2020.Bitcoin ABC and @deadalnix have introduced that they're forking away from #BitcoinCash on Nov fifteenth. We want them good luck with their new coin and thank them for the free airdrop to all BCH holders.

However, this isn't the entire fact. As prior to now, there's a dispute within the Bitcoin Cash neighborhood about whose blockchain might declare the “Bitcoin Cash” model and the ticker image “BCH” after a fork. Of course, the Bitcoin ABC improvement workforce round Amaury Séchet is not going to give in and not using a battle. Séchet commented on the tweet from Ver on Twitter solely as follows:

To quote Craig Wright, “Bullshit and lies!”

What is behind the renewed arduous fork battle within the Bitcoin Cash neighborhood?

The alleged trigger for the renewed break up of the Bitcoin Cash neighborhood is an replace proposal for Bitcoin Cash introduced a couple of month in the past for November 15. Among different modifications, Séchet and his improvement workforce will introduce a brand new “Coinbase Rule”, which supplies that 8% of the mined BCH will likely be redirected to Bitcoin ABC to finance protocol improvement. According to Séchet, the financing ought to allow the supply of latest improvement capability to allow Bitcoin Cash to compete with Bitcoin and Ethereum.

However, the camp round Bitcoin Cash’s most well-known evangelist, Roger Ver (founding father of Bitcoin.com), and the consumer implementation Bitcoin Cash Node (BCHN) is in opposition to the implementation of the brand new “Coinbase Rule”. As Ver wrote, diverting a part of the Bitcoin Cash block reward to pay a single improvement workforce is “is a Soviet model central planner’s dream come true“.

At first sight it doesn’t appear to be clear how the current arduous fork battle will finish. As the info of Coin.Dance exhibits, about 42% of the nodes use the consumer of Bitcoin ABC, 45% use the consumer of Bitcoin Unlimited and solely 10% use the consumer of BCHN.

However, for the time being Ver’s camp nonetheless appears to have nearly all of the neighborhood behind it. So the builders behind the Bitcoin Unlimited implementation have spoken out in opposition to the brand new Coinbase Rule. If they really be a part of Roger Ver’s camp, this is able to result in a slim majority of 55% rejecting the November improve and thus retaining the Bitcoin Cash model.

Furthermore, in the previous few days, some teams of Bitcoin Cash Miners, akin to Binance, Huobi, BTC.Top, Hashpipe, P2Pool, F2Pool, Easy2Mine and Bitcoin.com have signaled “powered by BCHN” within the Coinbase parameters of the block. Despite that, it stays to be seen how the arduous fork will end up. There are nonetheless 25 days to go. Ironically, November fifteenth could possibly be the identical day that the Bitcoin SV arduous fork happened two years in the past.