What will be the future of BCH
On November 15, BCH will usher in a new network upgrade and introduce the coinbase reward rule. The coinbase reward rules will provide the BCH team with sustainable funding. In order to establish a high transparency, accountability and regulatory framework for the use of funds, the Council was established. Part of the reason for the new upgrade is to provide critical development funding to enable bitcoin cash to compete with bitcoin and Ethereum, said Amy sechet, chief developer of bitcoin ABC. The update will introduce a new difficulty adjustment algorithm asert in response to the extended block time, as well as a controversial feature, that is, if the 8% reward is not transferred to the wallet designated to fund the continuous development of ABC agreement, all newly mined blocks will be rejected, which is known as the "coinbase rule".
That is, bitcoin ABC will break away from BCH on November 15. Despite all the opposition, BCH supporters Bitcoin.com Founder Roger ver also criticized the ifpcoinbase rule of bitcoin ABC team, saying that it is the Soviet style central planner's vision come true to use part of the BCH block award to pay for a development team. Please stop the plan. However, bitcoin ABC did not listen to the suggestions. They believed that although part of the BCH fund will be used to support the bitcoin ABC code foundation work, they also realized that BCH has now become a network composed of a series of important stakeholders. Their vision is that bitcoin ABC will strive to achieve high transparency and accountability in fund management.
The BCH community was divided again. I remember that the BCH divergence at the end of 18 triggered a great shock in the currency circle and the mining circle, which led to the two sides of the bifurcation not taking into account the interests of the corresponding circles, which led to a mine power war. Then bitcoin was cut off, and the vitality of the whole coin circle and mining circle was greatly damaged, and lasted for nearly half a year. This time, there are differences, and the follow-up trend, let's wait and see.
