Name Symbol Market Market Cap ($) Algorithm
Bitcoin Cash ABC BCHUSD Crypto 5,158,397,219 SHA-256d
  Price Change Price Change % Current Price Bid Price Offer
  3.29 +1.13% 293.68 292.88 293.05
High Price Low Price Open Price Prev. Close 52 Week Range
302.97 280.00 290.39 290.39 73.22 - 1,849.00
Exchange Last Trade Size Trade Price Currency
GDAX 23:05:33 1.48 293.66 USD
Price x Volume Volume Base Symbol Related Pairs
14,016,921.49 47,985.53 BCH BCHEUR BCHGBP BCHBTC

Bitcoin Unlimited and Bitcoin Cash: An Unstable Connection

25/03/2019 4:35pm

ADVFN Crypto NewsWire


Bitcoin Global News (BGN)

March 25, 2019 -- ADVFN Crypto NewsWire -- As suggested by CoinDesk today and many others in the past, it is far from easy to remember all of the different Bitcoin forks that exist today. Matters get even more difficult when you consider that Bitcoin Cash, which is one of the market’s leading currencies, is now basically represented by three entities.

Two of these groups are easy to conceptualize because by now, most of us are familiar with the continuing battle between BitcoinABC and Bitcoin SV to become the true version of Bitcoin Cash for the long term. What many investors may not be aware of, however, is that another project called Bitcoin Unlimited still appears to be playing an important role in this argument.

Reportedly, Bitcoin Unlimited was built to be what would become Bitcoin Cash but what is called BitcoinABC today, usurped its’ place in the process for a key reason. Bitcoin Unlimited was supposed to function at scale and allow the community to decide what the block size of its’ main chain would be through consensus.

According to Amaury Séchet, who worked on both projects, this never came to be because of bugs in the BU software as well as their refusal to support either BitcoinABC or Bitcoin SV.

More specifically, in a dedicated Medium post on the subject, he adds that the community proposals that are voted on in Bitcoin Unlimited do nothing to help it grow and increasingly favor the viewpoints of Bitcoin SV supporters.

What is not clear through all of this is whether Bitcoin Unlimited ever was an independent project in any sense or whether it represents the first real implementation of the Bitcoin Cash code, which was then improved upon. CoinDesk paints it as if it is an alternate, failed implementation, while Séchet seems to suggest that it should be a place for developers to work together to improve Bitcoin Cash as a whole.

Because of this, perhaps the most logical conclusion is to say that going with the developer viewpoint is best. They are, in the end, the ones that continue to build while others speculate and HODL.



By: BGN Editorial Staff

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