The Bitcoin Cash [BCH] software client is revealed by ‘Bitcoin SV’ that is a blockchain development firm nChain, is now available onGitHub. Launched this week, SV [short for Satoshi Vision] v0.1.0 aimstothe fourth-largest cryptocurrencyheading in the right directionto meetonymous vision ofdeveloper ‘Satoshi Nakamoto’ for Bitcoin [BTC] to become electroniccash— orat least nChain’s interpretation of that vision.
To thatline,this firstSVreleasecan, upon activation of the Bitcoin Cash [BCH] network’sby this Nov. on 15th hardfork, raise the default Bitcoin Cash [BCH] block size limit to 128MB from 32MB, reintroduce four supposed “Satoshi opcodes” – OP_MUL, OP_INVERT, OP_LSHIFT, and OP_RSHIFT — andoverdoublethe max no. of opcodes per script toover 500from 201 at present.
Moreconsiderably,the launchisadvisedlyincompatible with theconsensuschangesenforcedwithin the latest upgrade of Bitcoin ABC,thatremains the dominant BCH full nodeclientdespite a recent decline in the market share. Amongseveralthings, ABC’sclientcanimplement canonicaldealingordering,thatthe developers saywouldoffer“massive on-chain scaling,”along withnew opcode — OP_CHECKDATASIG —that maymakeBitcoin Cash [BCH] compatible with oracles and cross-chain atomic contracts.
With thearrivingBitcoinCash [BCH]hardforkcurrentlyless thana month away, the standoff between SV andABCis poised toend ina chainsplitthat maysee thecompetitorywage auntidywar forthe futureof the protocol.
Additionally to arenowned promoter in nChain CTO Craig Wright, the SV project has support andfinancial supportfrom CoinGeek, the crypto firmfounderbycapitalistCalvin Ayre. CoinGeek operates as the 2nd largest BitcoinCash [BCH]mining pool andpresentlyaccounts foraround26%of the BCH blocksminedover the past seven days. SVPool,thatnChain recently launched througha privatebeta and has nothoweveropened tothe general public, makes up another3.5%of the hashrate.
As previously reported, Bitcoin Cash [BCH] developmentclusterBitcoin Unlimitedtriedto broker a compromise. BU v1.5.0,thatwaslaunchedon 13thOct.,offerssupport for the upgrades introduced byABC, and developers haveaforesaidthat support for SV’splannedoptionsis “pending”yet.Considerably, allof these changesareuser-configurable,sanctioningnode operators to vote ontheoptionsthey support adding into the protocol throughan alternateactivation mechanism.
Meanwhile,onymousBitcoin.org co-owner‘Cobra’hasproclaimeda thoughtto makeacompetitoryclient that willmaintainthe currentconsensusrules and reject all of theplannedchanges from SV andABC. However,althoughas thehardfork is quickly approaching,Cobrahas not yetreleasedits “Cobra Client”software.