With Bitcoin Cash Fork Nigh, Community Braces for November 15th
On November 15th, 2018, a contentious Bitcoin Cash fork will see the network split as Bitcoin ABC and Bitcoin SV implementations veer away from each other. For now, the wider BCH ecosystem braces for the impact of the differing technical roadmaps.
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ABC-SV Schism Approaches
With competing proposals locked and loaded for the Bitcoin Cash (BCH) network’s planned November 15th upgrades, a contentious fork looks imminent.
At the heart of the technical dispute is a protocol shift to canonical transaction ordering, or CTOR, from the network’s current reliance on topological transaction ordering, or TTOR. CTOR is set to allow faster bitcoin cash transactions.
Bitcoin ABC, the development team behind the most popular Bitcoin Cash implementation to date, has scheduled CTOR for inclusion in the coming upgrade.
Bitcoin SV (“Satoshi’s Vision”), which is backed by development company nChain and Calvin Ayre’s CoinGeek, has been set up to mitigate “unnecessary” changes to BCH. Accordingly, the nChain-CoinGeek alliance are side-stepping CTOR with their SV implementation. nChain published their release candidate for an SV client v0.1 in mid-October 2018.
As such, two general factions have formed. Deep-pocketed Ayre is with nChain CEO Jimmy Nguyen and nChain CTO Dr. Craig S. Wright on the SV side, while Bitcoin ABC lead developer Amaury Sechet, Bitmain CEO Jihan Wu, and BCH entrepreneur Roger Ver are some of the more high-profile faces on the ABC side.
Roger Ver Backs ABC, Reveals Dr. Craig Wright’s War Cry
Ver, who had been previously aligned with Dr. Wright within the wider BCH community but had maintained neutrality for a time during the recent ABC-SV debates, has conceded in a November 8th video he may have been “fooled” all along by Dr. Wright.
In that video, Ver declared he and his enterprises would be siding with Bitcoin ABC in the now seemingly unavoidable ABC-SV schism.
Some, like Bitcoin.org administrator Cøbra, had recently speculated that Ver was ultimately going to side with the SV faction, but in his new remarks, a reflective and at times subtly distraught Ver pointed to Bitcoin ABC as the best way forward for BCH.
“I support ABC because I think it has a better team, I think it has people who are easier to get along with, I think it has people who are more competent in general,” Ver said.
Earlier in the video, the Bitcoin.com owner displayed the contents of a fiery November 3rd email from nChain’s Dr. Wright.
“Side with ABC, you hate bitcoin, you are my enemy,” Dr. Wright wrote therein.
The nChain CTO has since pushed back on Twitter in the wake of Ver’s new video, contending the ABC faction is trying to steer bitcoin cash toward illegal use cases.
They can piss off to #Dash
They are NOT adding this to #BCH
This is the ONLY real use case they have and it is not happening!
— Dr Craig S Wright (@ProfFaustus) November 8, 2018
Poloniex Opens Pre-Fork Trading
In a bid to get out ahead of pre-fork market activity, cryptocurrency exchange Poloniex has already opened trading on “BCHABC” and “BCHSV.”
1/ NEWS: Ahead of the Bitcoin Cash (BCH) hard fork, we are opening pre-fork trading of the two planned protocol upgrades, Bitcoin Cash ABC and Bitcoin Cash SV. Learn more here: https://t.co/KitP8N4tCf pic.twitter.com/RcDBke6DLP
— Poloniex Exchange (@Poloniex) November 8, 2018
“We believe the responsible thing to do in this case is remain neutral and allow the community to decide which chain to support,” the exchange declared.
Bitcoin Unlimited: We’ll Be Flexible
Bitcoin Unlimited Chief Scientist Peter Rizun announced this week that BU users will be able to approach the November 15th Bitcoin Cash fork however they like.
— Peter R. Rizun (@PeterRizun) November 6, 2018
Accordingly, BU users can choose to follow ABC, SV, or neither.
At press time, ABC and BU nodes significantly outnumbered SV nodes on the Bitcoin Cash network.
What’s your take? Which Bitcoin Cash fork will win out? Let us know in the comments section below.
Images via Bitcoin.com’s YouTube, Coin Dance, Pixabay