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Bitcoin Cash Split Is Imminent? Bitcoin SV Released - Bitcoin Cash (BCH) News. Friday, October 19th

19 october 2018, 11:37 by Jesús S. Affigne

Bitcoin SV released ahead of upcoming Bitcoin Cash (BCH) hard fork

Seems like a split in the chain is imminent

Blockchain developer nChain has reportedly released their Bitcoin Cash (BCH) software client, and it is now available on GitHub. Dubbed Bitcoin SV (which stands for Satoshi’s Vision), the full-node implementation for the upcoming hard fork on this blockchain eyes to fulfill the vision of Bitcoin creator, Satoshi Nakamoto, contained in the crypto asset’s whitepaper.

A déjà vu sense among BCH users

To understand why one of Bitcoin Cash developers is releasing this software one month ahead of the upcoming upgrade to the BCH mainnet, it is necessary to recap when this decision was taken and why.

Two development groups on the Bitcoin Cash platform are currently in dispute over the aforementioned upgrade that is expected to take place this November. Said upgrade seeks to implement support for smart contracts in this platform by adding a second layer (similar to Bitcoin’s Lightning Network). 

The proposing dev group, Bitcoin ABC, explains that this would attract more people to the blockchain; while the opposing nChain wants to remain loyal to the vision of Bitcoin creator Satoshi Nakamoto, and keep the code clean from ‘unnecessary changes’.

As a result, the fork will see the birth of another blockchain. Aside from avoiding the addition of more layers, this upgrade will also raise the block size of this protocol to 128 megabytes. The current block size is 32 MB.

It is worth remembering that Bitcoin Cash itself is a fork of Bitcoin (BTC), born from the differences between several developers in relation to the proposal of increasing the block size limit, in order to reduce the rising fees on the network and speed up the confirmation of transactions. As such, this could be taken by enthusiast of this blockchain as history repeating itself. 

What else comes with this launch?

Aside from the upgrade of the block size, Bitcoin SV will see the reintroduction of four opcodes, known as the “Satoshi opcodes”, and the increase of the maximum number of opcodes per script, from 201 to 500.

Furthermore, this release will be incompatible with the update promoted by Bitcoin ABC, thus effectively forcing users to choose between the two chains. As we get close to “D” day, the community’s fear of an inevitable split of the blockchain born from a similar event becomes a reality.

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