nChain Archives - 2100NEWS

UrbanSeptember 1, 2018

5min237

Despite multiple attempts at breaking the standoff through a compromise, the war over “Satoshi’s original ‘original vision’” continues to intensify within the Bitcoin Cash technical community, as the fourth-largest cryptocurrency hurtles toward a potential blockchain split in November.

nChain Releases Alpha Version of SV Client

The latest move in this $9 billion chess game comes from Craig Wright’s nChain, who on Thursday released the alpha version of Bitcoin SV (short for “Satoshi Vision”), the firm’s recently-announced full node Bitcoin Cash implementation. Concurrently, the company announced the creation of SV Pool, a BCH mining pool “in line with the original Satoshi Vision,” which will begin onboarding miners in September.

By following through on its threat to release a competing Bitcoin Cash client, nChain — with the backing of CoinGeek, the largest BCH mining pool — took a shot across the bow at Bitcoin ABC, whose full node implementation is the most popular among BCH miners.

The two camps have different visions for the technical future of Bitcoin Cash, as well as how best to fulfill the spirit of the Bitcoin whitepaper. Barring an unforeseen compromise, Bitcoin Cash could split into multiple versions when the network undergoes a planned hard fork in November. (For more on the debate between nChain and Bitcoin ABC, check out our previous coverage herehere, and here.)

The first Bitcoin SV nodes have begun to come online, with eight listening nodes connected to the BCH network as of Friday morning. SV has a long way to go if it wants to supplant ABC, however, as there are currently 1,444 nodes running Bitcoin ABC software, equivalent to more than 64 percent of the entire network.

Other Dev. Teams Call for Ceasefire

bitcoin cash node chart
Source: Coin Dance

Meanwhile, multiple other development teams are attempting to broker a compromise before Bitcoin Cash, which itself was launched through a hard fork of Bitcoin last August, splinters into multiple competing blockchains.

Bitcoin Unlimited, the developer of the second most popular BCH full node client, said that it will include user-configurable support for all the upgrades advocated by ABC and nChain and encouraged miners to switch to BU to signal their support for a compromise.

On the opposite end of the spectrum, pseudonymous early Bitcoin adopter Cobra announced that he will launch a BCH client that adds no new features, except for replay protection, enabling users to continue using Bitcoin Cash as normal without fear of losing funds as a result of a blockchain split. Cobra, who is the co-owner of Bitcoin.org, claimed that he has privately secured support from at least 25 percent of the BCH hashrate, as well as one major cryptocurrency exchange.



About us

We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


CONTACT US

CALL US ANYTIME



Latest posts



Newsletter


  • ethereumEthereum (ETH) $ 393.17 5.37%
  • rippleXRP (XRP) $ 0.256402 4.29%
  • litecoinLitecoin (LTC) $ 55.15 15.26%