Bitcoin Unlimited and Bitcoin Cash: An Unstable Connection
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
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
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