The community for bitcoin cash has recently been split in regards to whether they should change the difficulty adjustment algorithm for the Cryptocurrency. A recent developing meeting seemingly ended with many attendees walking out.
Earlier this week on the 4th of August, Chris Pacia, one of the lead developers of the peer-to-peer marketplace and a volunteer developer for the bitcoin cash system tweeted the following:
Bitcoin Cash developer meeting blew up with multiple people walking out.— Chris Pacia (@ChrisPacia) August 3, 2020
Some reports are showing that given the growing tensions over the difficulty algorithm, another chain split for the network could occur. Hayden Otto, an Australian proponent for the network has said that he will be sticking with the network though. Although he later revealed that his tweet was meant to be seen as a joke to those opposing the core bitcoin ABC developers.
However, Otto does add that a chain split is likely to occur saying that the software is not widely adopted by many minors. With this in mind, the supporters wouldn’t have the majority voted to get their changes through the upgrade on the date.
“They are now relying on ‘proof of social media’ tactics in an attempt to persuade miners and businesses who run ABC to capitulate and swap over to the BCHN software.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!