Cobra devises a plan to thwart possible Bitcoin Cash civil war
An attempt from Cobra, the co-owner of Bitocintalk and Bitcoin.org, is on the anvil for a compromise prior to the Civil War of Bitcoin Cash (BCH) ends on a split of blockchain permanently. Although a supporter of Bitcoin Cash, Cobra talked in support of BTC the same about a change in the Proof-of-Work (POW) census algorithm of the BTC network.
Cobra will be introducing a “safe and reliable” full node Bitcoin Cash to thwart a possible civil war, resulting in a permanent network split of Bitcoin ABC and nChain. It will tarnish the BTC’s reputation. The new software, called Cobra Client, doesn’t adopt any authoritative transaction ordering and any opcode activations proposed by nChain and Bitcoin ABC. Cobra says this process won’t find enough support to justify prompt activation.
Detailing about the mechanism of Cobra Client, he wrote in a medium blog post that reads:
The hard fork implemented by Cobra Client will make no consensus changes or add any new features as it’s clear there is not enough consensus on issues around the new OP CODES and Canonical Transaction Ordering. Instead, Cobra Client will implement replay protection to prevent Bitcoin Cash transactions being replayed across alternative chains. This means users will be unaffected by the forked chains and drama of Bitcoin Cash ABC (BCA) and Bitcoin Cash nChain/Coingeek (BCN) chains and respective tokens.
The software won’t be including replay protection to protect users from any type of replay attacks that happens when a hacker mirrors the same transactions on various blockchain forks if the network is divided into fractions following the network scheduled in November.
In the same medium blog, Cobra said that such a split will be catastrophic for Bitcoin Cash and a transient fork can harm a lasting damage: “Such a consensus failure will be a disaster for all investors and users of Bitcoin Cash, but it is almost impossible to avoid at this point as all the developers and miners involved refuse to back down. Such a scenario will wipe out huge amounts of value from Bitcoin Cash, lead to total ridicule of the currency, and widespread loss of trust and faith. Such reputation damage is simply not worth it, all just so some developers and miners can avoid having their egos bruised around some mostly unimportant and non-urgent changes. Even a temporary fork will cause lasting damage.”
Before making the announcement on clients, Cobra confirmed support from a group of BCH stakeholders which comprises, a quarter of Bitcoin Cash hashrate and a large number of major businesses including a major crypto exchange which has promised to list fork’s coins with BCH ticker symbol. The identities of those supporters have not yet been revealed by Cobra.
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