Since Bitcoin Cash was forked from Bitcoin’s blockchain just over a year ago, the cryptocurrency has been swathed in controversy. The debate about whether Bitcoin or Bitcoin Cash is the “true” Bitcoin has been raging from news outlet to twitter feeds and it doesn’t look like the battle is anywhere near over.
Now, an extra spice of controversy is being added into the mix with Bitcoin Cash’s new scheduled fork.
Every six months, the Bitcoin Cash network faces a planned fork – to upgrade the network with improved technology – and it usually goes according to plan. The fork happens and the users migrate with no issue and the old fork is left behind.
This time, however, there is a debate on the direction that the new fork should take which has resulted in a wave of investors who are hoping to get a piece of both pies. Apart from the crossroads that the network is facing, the team has been an extra amount of controversy with Bitcoin Cash kingpin Roger Ver announcing that he might have been fooled.
This comes courtesy of Wright is one of the prime figures in this split with a partnership with Calvin Ayre and his concept of Bitcoin SV – another Bitcoin Cash implementation.
One of Bitcoin SV’s announcement outlines that “Bitcoin SV is intended to provide a clear bitcoin cash implementation choice for miners who support bitcoin’s original vision, over implementations that seek to make unnecessary changes to the original Bitcoin protocol.”
Given the fact that Bitcoin ABC and Bitcoin SV are incompatible, the deployment of both implementations in November could go on to trigger a disruptive hard fork.
Bitcoin Classic developer Thomas Zander noted that “Both ABC and nChain are trying to hard fork. Both of them are not giving any rationale why. Both of them are completely not responsive to any feedback or any compromise requests from the rest of the ecosystem”.
Fellow developer Andrew Stone also added that he “can only sadly conclude that this is again about power and ego not about technical merit and end-user adoption”.
We are still waiting to see whether the network will be able to reconcile a mutually agreeable implementation, or whether the network will be faced with the hard fork after all and will need to decide on ABC or SV as a result.