Those who are following the bitcoin cash (BCH) community may have heard about the big debate that is going on right now regarding proposed changes to the BCH protocol. For those who haven’t, here’s some background below.
A group of developers working with a company associated with the self-proclaimed Satoshi Nakamoto, Australian computer scientist Craig Wright, has recently put forward a proposal to create a new full node client for Bitcoin Cash, dubbed Bitcoin SV, for “Satoshi’s Vision.”
The company, known as nChain, claims that the most popular BCH client in current use, the Bitcoin ABC, has introduced updates that are not wanted by the majority of miners, writing on their blog that they created Bitcoin SV “at the request of leading BCH mining enterprise CoinGeek and other miners.”
Essentially, much of the debate currently going on is centered around how BCH should be scaled, either with on-chain scaling technologies or second-layer scaling technologies such as the Lightning Network. nChain and other proponents of on-chain scaling claims that they are working to restore “the original Satoshi vision for bitcoin,” as is stated on nChain’s blog.
Craig Wright, on his end, is particularly opposed to an update of the protocol known as OP_CHECKDATASIGVERIFY, suggesting on Twitter that this may indeed be the single factor that will lead to a split of the network, writing “watch the axe fall.”
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