An article to understand the four men who decided the BCH fork and the future
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The reason for the fork
The cause of the fork is the different opinions on the IFP. The original development team ABC insisted on joining this plan, and part of the mining income of the miners will be directly handed over to the developers as development costs. This plan was opposed by some community members, and a new team of developers called BCHN was formed.
The cryptocurrency community seems to be composed of individuals, but most of them are influenced by core evangelists. Later, as the core figures of the BCH community, Roger and Jiang Zhuoer, etc. stood on the opposite side of BCHABC and clearly expressed their support for BCHN, the Chinese and foreign communities began to rebel as a whole. The other two core figures, Wu Jihan, did not express their views, while Yang Haipo remained neutral.
Roger Ver was known as Bitcoin Jesus because of his early fanatical preaching of Bitcoin, and he later turned to preaching fanatically on BCH; Jiang Zhuoer is the founder of Leibit Mining Pool and the first person in China’s Bitcoin science; Yang Haipo is Coinex Exchange And the founder of Viabtc mining pool; Wu Jihan is the founder of Bitmain.
What is more embarrassing is that the IFP was proposed by Jiang Zhuoer, and four supporters were also signed in the plan: Jiang Zhuoer-BTC.TOP, Wu Jihan-Antpool, BTC.com, Yang Haibo-ViaBTC, Roger Ver - Bitcoin.com . Roger was the first to express his opposition under the pressure of the Western community, and even claimed that he did not agree to the agreement. Jiang Zhuoer lost patience in constantly revising the proposal and communicating with the ABC team, saying that the other party was "unable to communicate" and turned to support BCHN.
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result of the fork
On November 3, Binance issued an announcement. According to Coin Dance data, as of 08:00 on November 2, 2020 (Hong Kong time), the distribution of block nodes in the last 7 days is 71.9% for BCHN and 0.8% for BCHA. The BCHN scheme is currently significantly ahead of the BCHA scheme. Therefore, if forked coins are generated after the hard fork, Binance will choose the BCHN node scheme by default. Binance’s clear-cut statement shows that there is a high probability that BCH will be replaced by BCHN in the future. On November 5th, Coinbase also stated that it will adopt BCHN nodes, so there is no suspense about the ending.
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bifurcated future
Regarding the future of the BCH fork, the outside world has two concerns.
First, in the past few years of development by the ABC team, although there are not many bright spots, the basic technical strength is trustworthy. The BCHN team has not yet proven itself in terms of project leadership, and only emphasizes fixing a few bugs in ABC. But on the other hand, BCH is affected by the model and does not seem to require a lot of development.
Second, whether BCH will be infected with the "fork gene", and even continue to fork endlessly in the future. In essence, the current four core supporters of BCH, Roger, Wu Jihan, Jiang Zhuoer, and Yang Haipo, have relatively consistent ideas. What is worse is that an uncontrolled developer appeared, and the IFP was raised rashly before a consensus was formed, which led to today's ending. After learning the lesson, this kind of accident should not happen again.
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reflection on bifurcation
In cryptocurrencies, developers often have supreme power. From the earliest Satoshi Nakamoto, to the transfer to Bitcoin core, to mainstream products such as Ethereum, Polkadot, and Filecoin, and even BSV, Tron, developers and community leaders are often one, so the opinions are relatively unified. BCH is quite special. Although community leaders have funding for developers, they have no management power.
Although Jiang Zhuoer said that the fork of BCH this time solved a problem (which BTC is unable to solve): the development team and domain name are not BCH, but the community is BCH. Even if you are the main development team, you cannot violate the community consensus, otherwise you will be abandoned by the community.
But if every rebellion against developers requires a fork to resolve, is the price too high? The leader of BCHN is anonymous. If they abandon BCH in the future or stand on the opposite side of the community again, will another fork be needed?
(This article was assisted by BTC.com Zhuangzhuang, Matrixport Wang Hongli, and Cindy Feng. The opinions of this article are only representative of Wu Shuo’s blockchain personal. Welcome to BTC.com’s BCH fork countdown page)
