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