The Bitcoin cash community is facing a new hard fork. A part of the Bitcoin Cash community, which is also pushing for the network upgrade promises to improve the use of Bitcoin cash protocol and on-chain solutions.
However, due to the proposal, the Bitcoin cash community started a new dispute. For example, a part of the community has released Bitcoin ABC 0.18.0 in the hope of making the Bitcoin cash ecosystem to grow stronger. The vision is “to create a solid money system that can be used by anyone around the world.” Also, the Bitcoin Cash Network upgrade is a technology that has not only potential but also increases people’s freedom and prosperity, according to them. They have declared that the users who wish to participate, should jump “as soon as possible” on the Bitcoin ABC version 0.18.0. upgrade.
The community leaders have presented a list with the technical innovations of the supposedly better Bitcoin Cash in detail:
The new opcode OP_CHECKDATASIG
The opcode should improve the BCH script language so that the messages could also be validated outside the blockchain; this should also enable the Oracle and Cross Chain Atomic Contracts with improved scaling through canonical transaction ordering
and other minor improvements in the protocol.
Furthermore, the miners no longer need to discover a valid ordering. About 70% of block template creation time appears to come from the child-pays-for-parent code due to ordering requirements. Eliminating this will improve performance, wrote the community on medium.
But the Bitcoin ABC client is not the only innovation from the environment of Bitcoin Cash. F
Chief Scientist, Craig Wright admitted, that the new version comes with a full Node implementation named Bitcoin SV. “Satoshi’s Vision” (SV) has set itself the goal of restoring the “original Bitcoin protocol.”
In contrast to the new OpCode, the plan is to reintroduce old Satoshi opcodes (OP_MUL, OP_LSHIFT, OP_RSHIFT, and OP_INVERT), which are all about arithmetic operations. The number of maximum possible opcodes per script should be extended, and the block size increased to 128 MB.
This announcement contradicts Bitcoin ABC’s update, and it has also become a controversial topic in the Bitcoin cash community: In addition to the patents advanced by nChain, the members are also worried about the hash rate that is held by Coingeek. The mining pool, which fully supports Bitcoin SV’s protocol changes, currently provides 30 percent of the hashing power in the Bitcoin-Cash network.
With the announcement of the 0.18.0 version of Bitcoin ABC another rising concern is a possible chain split.
nChain has plans to fork away from BCH. At this point, it's guaranteed that they will either fork, or a certain fraud will look pretty stupid. Not that it deterred him before, but this time, he'll look weak to his own followers. https://t.co/A2Z60qKTfe
— Emin Gün Sirer (@el33th4xor) August 20, 2018
We know that conflict is not uncommon in the Bitcoin Cash network. After one year since its launch, the project around Roger Ver has been repeatedly criticized, mainly because the Full Nodes are not really decentralized. Even the idea of dealing with “Miners Choice” for transaction fees did not meet positive the community.
It was not until May that the Bitcoin Cash network went through a hard fork, increasing the block size to 32MB. The Bitcoin ABC network upgrade is scheduled for November 15th.
At the moment Bitcoin cash is at around $ 550 following Bitcoin’s gains in the last 24 hours.