Tensions Flare: Is Bitcoin Cash Headed to Another 'Catastrophic' Fork?

Published on by Cointele | Published on

The Bitcoin Cash community is divided over whether to change the cryptocurrency's difficulty adjustment algorithm, with a recent developer meeting reportedly concluding with attendees storming out of the event.

On August 4, Chris Pacia, the lead developer of the peer-to-peer marketplace OpenBazaar and a volunteer BCH developer, tweeted that "Multiple people walk[ed] out" of the meeting as consensus was not reached over whether to make adjustments to Bitcoin Cash's difficulty algorithm.

Some reports indicate that growing tensions over the difficulty algorithm may result in yet another BCH chain split.

Outspoken Australian BCH proponent Hayden Otto tweeted: "I will be sticking with the Bitcoin Cash chain this coming chain split."

Difficulty algo dispute is 'trivial'But speaking to Cointelegraph, Otto said his tweet was meant as a joke to "Troll" those opposing BCH's core 'Bitcoin ABC' developers.

"Changing the DAA has been made a priority issue by a select few people who want to stop miners gaming the current DAA by switching large amounts [of] hashrate to and from BCH - which results in inconsistent block mining times," he said.

"This really only affects people who are depositing to exchanges which require an unnecessary amount of confirmations for deposits, but doesn't affect the vast majority of people using BCH in a personal or business capacity where 0 confirmations are sufficient."

Otto says fork is unlikelyAccording to Otto, Bitcoin ABC announced a forthcoming overhaul to the difficulty algorithm come BCH's next scheduled upgrade on November 15.

Despite the disagreement, Otto believes that a BCHN chain split is unlikely, stating that the "BCHN software is not widely adopted by miners" and thus its supporters "Will not have a majority vote to get their desired changes through on the upgrade date."

"Right now it's all just posturing online, but when it comes to the upgrade date I don't think the BCHN supporters will follow through on anything. They will be a minority chain and another split would be catastrophic for anyone following the minority chain," Otto concluded.