Tensions Flare: Is Bitcoin Cash Headed to Another â€˜Catastrophicâ€™ Fork?
Despite tensions flaring among Bitcoin Cash developers over the protocolâ€™s difficulty algorithm, another chain split seems unlikely.
The Bitcoin Cash (BCH) community is divided over whether to change the cryptocurrencyâ€™s difficulty adjustment algorithm, with a recent developer meeting reportedly concluding with attendees storming out of the event.
On August 4, Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunteer BCH developer, tweeted that â€œmultiple people walk[ed] outâ€� of the meeting as consensus was not reached over whether to make adjustments to Bitcoin Cashâ€™s difficulty algorithm.
Ethereum co-founder Vitalik Buterin tweeted in reply that he doesnâ€™t understand with BCH people â€œcare so muchâ€� given â€œyour algo is fine as isâ€� and added:
â€œI will be honest; being optimistic that BCH development would improve once they got Craig [Wright] out is definitely looking like one of my worse predictions.â€�
Some reports indicate that growing tensions over the difficulty algorithm may result in yet another BCH chain split. Outspoken Australian BCH proponent Hayden Otto tweeted: â€œI will be sticking with the Bitcoin Cash (BCH) chain this coming chain split.â€�
Difficulty algo dispute is â€˜trivialâ€™
But speaking to Cointelegraph, Otto said his tweet was meant as a joke to â€œtrollâ€� those opposing BCHâ€™s core â€˜Bitcoin ABCâ€™ developers.
He played down the significance of the community disagreeance as â€œa trivial matter,â€� but also said that â€œenemy operatives who pose as BCH supportersâ€� are using the difficulty adjustment algorithm (DAA) as a wedge issue â€œto create chaos and sow divisionâ€�:
â€œChanging the DAA has been made a priority issue by a select few people who want to stop miners gaming the current DAA by switching large amounts [of] hashrate to and from BCH â€” which results in inconsistent block mining times,â€� he said.
â€œThis really only affects people who are depositing to exchanges which require an unnecessary amount of confirmations for deposits, but doesn’t affect the vast majority of people using BCH in a personal or business capacity where 0 confirmations are sufficient.â€�
Otto says fork is unlikely
According to Otto, Bitcoin ABC announced a forthcoming overhaul to the difficulty algorithm come BCHâ€™s next scheduled upgrade on November 15. However, he asserts those who pushed for the adjustment remain unhappy because ABCâ€™s proposed upgrade doesnâ€™t go as far as the â€˜BCHNâ€™ implementation that they have suggested.
Despite the disagreement, Otto believes that a BCHN chain split is unlikely, stating that the â€œBCHN software is not widely adopted by minersâ€� and thus its supporters â€œwill not have a majority vote to get their desired changes through on the upgrade date.â€�
â€œThey are now relying on â€˜proof of social mediaâ€™ tactics in an attempt to persuade miners and businesses who run ABC to capitulate and swap over to the BCHN software.â€�
â€œRight now it’s all just posturing online, but when it comes to the upgrade date I don’t think the BCHN supporters will follow through on anything. They will be a minority chain and another split would be catastrophic for anyone following the minority chain,â€� Otto concluded.
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