Altcoins

Discussions Intensify as BCH Fork Approaches

from The Bitcoin News 5 years ago 0 0 666

Also read: A Look at Bitcoin Replay Attacks and Self-Managed UTXO Protection

“[Bitcoin Cash edition 1.5.0.1] will implement a set of consensus changes proposed by an alternative implementation, Bitcoin SV. Such a set of features are disabled by default, the default policy is to activate the set of changes as defined by the Bitcoincash.org specification,” explained the BU development team.

Essentially this means miners can configure their clients to ABC or SV nodes and vote on features from the rulesets they prefer. As the BU team further emphasized, “the SV and ABC forks are enabled. You must choose one.”

“It allows people to give their coins ‘replay protection,’ by making it possible to spend coins using a script which is valid only on a chain following the upgraded Bitcoin Cash ruleset that includes Op_Checkdatasigverify,” the developers detailed.

The Electron Cash lead developer Jonald Fyookball goes further by explaining during his wallet upgrade announcement that the tool will allow users to send coins via the SV side of the chain, while providing users and exchanges with the ability to protect themselves from replay attacks. If the chains develop recognizable transaction sets over time, then users can selectively opt to split their coins naturally using the coinbase rewards, or by using the Electron Cash coin splitter.

Additionally, other wallets and trading platforms are using ABC client script opcode DSV as a means of replay protection. Essentially, wallets and exchanges that use the method Op_Checkdatasigverify or DSV for replay protection explain they are giving users the ability to split coins between two different chains. This method can be used with other opcodes, as well. Coin splitting can be done with the opcodes DSV, CLTV, or even by using one of the new opcodes proposed by the Bitcoin SV client. In essence, proponents of this method have said that if someone sends a transaction to an address that uses the DSV opcode and then sends it back, it will not exist on the theoretical side of the SV chain.

Overall, the Bitcoin Cash hard fork has been a very topical discussion over the last few days and will likely continue. In addition to all the fork discussions, BCH markets have spiked over the last seven days, as prices are up 51 percent at the time of writing.

What do you think about the possible splitting scenarios and preparations for the BCH fork on Nov. 15? Let us know what you think about this subject in the comments section below.

Images via Shutterstock, Pixabay, Bitcoin Unlimited, Electron Cash, and Chopsticks.cash

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