The Bitcoin Cash blockchain is preparing for a split: Lead developer Amaury Sechet is set to launch its own fork of the coin on November 15.
“Bitcoin ABC and Amaury Sechet announced that they will launch their own fork on November 15th. We wish them the best of luck with the new coin and thank you for giving the coins to all BCH holders, ”Bitcoin Cash co-founder Roger Ver tweeted.
Disagreements arose over a proposal to create a cryptocurrency development fund, which will receive 8% of the block mining reward. The new Bitcoin ABC client release 0.22.1 supports this offer and the update will be activated on November 15th. This client runs 42% of Bitcoin Cash nodes. Other customers, including Bitcoin Unlimited and BCHN, do not support the offer, accounting for 55% of active nodes.
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Another problem is that both forks are not planning to abandon the Bitcoin Cash name. A dispute is brewing, especially since the Bitcoin ABC developer does not believe that more than half of the network nodes work on the Bitcoin Unlimited and BCHN clients. It is very easy to fabricate the number of nodes, it is enough to clone and run the required number of virtual machines.
The Bitcoin Cash cryptocurrency appeared on August 1, 2017 as a result of a hard fork of the Bitcoin blockchain. It was driven by a controversy in the community over the maximum block size and scaling methods.
