With the Bitcoin Cash community divided once again, supporters of alternative implementation ‘Bitcoin Cash Node’ now believe they have a majority of miners behind them.
Supporters of Bitcoin Cash Node or BCHN have rejected Bitcoin ABC’s latest upgrade, which would require miners to donate 8% of all newly minted coins to a development fund from November. One Redditor accused Bitcoin ABC lead developer Amaury Sechet of “choosing to create his own (forked) coin that pays one address 8% of minted funds.”
However, Sechet told Cointelegraph he believes that BCHN does not have the resources needed to maintain their own chain independent from Bitcoin ABC, predicting that BCHN risks being quickly wiped out of existence should they attempt a fork in November.
Cointelegraph spoke to NilacTheGrim, a BCHN supporter who has called for Sechet’s resignation, to learn more about BCHN’s vision for Bitcoin Cash.
BCHN claims support from miners
Nilac told Cointelegraph that the ideal outcome to BCH’s dispute would see “the entire ecosystem resoundingly reject this change to the coinbase reward, and where Bitcoin ABC has lost all its market relevance for attempting to do what it has done.”
Nilac asserts that BCHN has the support of large Chinese mining pools, expressing doubt that BCH will fork in November:
“Our code is faster. We have a much faster mining API. Miners were already installing our software before this latest round of controversy. They like our node because it has less latency for mining calls, which reduces orphaned block risk when mining.”
On the issue of developer funding, Nilac said that BCHN is “already well-funded.”
“The ecosystem has funded us with over $700,000 and that’s only after 6 months of existence. Some of our contributors are also individually funded themselves. We have enough funds,” he said.
On Reddit, supporters claim up to 60% of miners are behind them.
Amaury Sechet: BCHN destined to fail
Speaking to Cointelegraph, Bitcoin…