Bitcoin Global News (BGN)
August 24, 2018 -- ADVFN Crypto NewsWire -- As it turns out,
Bitcoin Cash might be splitting and even forking, in a way that is
almost synonymous with their genesis from the Bitcoin Network last
year.
Up until recently, they had been
known as a community that has at least been united in their stand
against the market dominance of Bitcoin, which has included being
for bigger blocks as well as overall, more transactions over a
shorter period of time.
According to Coindesk, from the
beginning of 2018 until now, the community has been becoming more
and more contentious, which has been helped along by software
releases like Bitcoin ABC, which was not announced as a fork of
Bitcoin Cash, though it still appears to be one.
Adding to the chaos
is Craig Wright and Calvin Ayre’s response in opposition to Bitcoin
ABC, which is called Bitcoin SV.
In essence, Bitcoin ABC was built
to enable the usage of oracles, the functionality of
something called canonical transaction ordering, and a few minor
technical fixes. What may not be clear is what we mean here by
canonical transaction ordering. Judging by BitcoinABC’s press release, in a
basic sense, it is a technical feature that should allow the
network to grow more efficiently over time.
On the other hand, there’s Bitcoin
SV, which, it could be argued, is synonymous in a political sense
with an ideology that prefers the status quo. Judging by
CoinDesk’s article on the two software
fixes, Bitcoin SV amounts to a large increase in the Bitcoin
Cash chain’s block size, while keeping everything else about the
network the same. In other words, Bitcoin SV aims to make it as if
Bitcoin ABC never happened.
What makes this uncertain state of
the Bitcoin Cash network all the more worse is that the SV camp is
being led by the same man who has erroneously claimed that he is
Satoshi Nakamoto. Finally, during all of this, the opinion of
the community’s leader, Roger Ver, seems to be nowhere
to be found.
By: BGN Editorial Staff
News:
Bitcoin Cash
(BCH)
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