Internal War: New fork of Bitcoin Cash

11 51
Avatar for Top10
Written by
4 years ago

A hard fork of Bitcoin Cash was planned. It resulted in the creation of 2 separate chains, Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA) . Apparently, it would be the first to win, and hands down. BCHN had been favored by Roger Ver, the main instigator of Bitcoin Cash .

Bitcoin Cash deposits and withdrawals interrupted by Coinbase

This new episode in the Bitcoin Cash saga has prompted some exchanges to freeze BCH deposit and withdrawal operations . Coinbase notably made this announcement, specifying that the situation would be regularized " when the update is stable ".

Internal wars

Just as conflicts between clans of the Bitcoin community led to the Bitcoin Cash fork , we are witnessing the same phenomenon within the BCH faction . There are now 2 camps:

Bitcoin Cash ABC : led by Amaury Séchet, this camp campaigns for rapid technical developments in the blockchain. It mainly brings together developers

Bitcoin Cash Node : Led by Roger Ver, this faction also wants to evolve BCH , but in a more sequential way

The 8% tax

The big bone of contention is the 8% tax on minors . Indeed, the Séchet clan wanted to tap 8% of the miners' income (reward per block) in order to finance the development of Bitcoin Cash . The Ver clan removed the code for this coinbase rule , hence the current fork.

-7
$ 2.47
$ 2.47 from @TheRandomRewarder
Sponsors of Top10
empty
empty
empty
Avatar for Top10
Written by
4 years ago

Comments

আলহামদুলিল্লাহ অনেক সুন্দর লেখা হয়েছে

$ 0.00
4 years ago

Wow if I hadn't read these comments, I wouldn't have known that this article had some wrong information is in it.

$ 0.00
4 years ago

It would have been better if you write only on what you understand fully. Don't bring information from elsewhere to confuse people, especially newbies.

$ 0.00
4 years ago

Dude...

A hard fork of Bitcoin Cash was planned.

Incorrect. We planned a protocol upgrade.

It resulted in the creation of 2 separate chains, Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA)

Incorrect. It created one new chain, BCH is unchanged.

BCHN had been favored by Roger Ver, the main instigator of Bitcoin Cash .

Ver is not the main instigator of Bitcoin Cash.

There are now 2 camps
[snip] Bitcoin Cash Node : Led by Roger Ver,

Wrong again. Roger doesn't lead anything except his own company. And the "other" side is basically 100% of the Bitcoin Cash ecosystem. Which is hundreds of companies.

$ 0.06
4 years ago

Why do people write about things they know nothing about? Did he read and write it down somewhere? Such lies are then repeated a thousand times on the Internet. It is terrible.

$ 0.00
4 years ago

My guess is because articles about cryptocurrency get more views and tips.

$ 0.01
4 years ago

He got downvotes. The random rewarder is a stupid bot and gave him 5 cents.

$ 0.00
4 years ago

Oh I didn't know these information, if I haven't read this comment I would believe on what the article had said.

$ 0.00
4 years ago

I only pointed out the worst of the problems, there are many more.

Check https://read.cash/c/bitcoin-cash-e11c for higher quality articles.

$ 0.00
4 years ago

It's miners, not minors.

$ 0.00
3 years ago

Thanks for the correction

$ 0.00
3 years ago