Opposing Bitcoin ABC and Bitcoin SV Factions' Debates Grow Heated as the Bitcoin Cash Hard Fork Draws Closer

Born out of the original Bitcoin blockchain on August 1, 2017, Bitcoin Cash has split the cryptocurrency community into warring factions with their own arguments, verbal skirmishes, leaders, convictions and occasional get-togethers.

On November 15, BCH developers are preparing to undergo its next hard fork, a split of the blockchain, which can give birth to new tokens named Bitcoin SV, Bitcoin Unlimited and Bitcoin ABC.How Bitcoin Cash appearedThe Bitcoin evolution has been constantly debated within the developers community, who had opposing views on what technology to implement and what rewards miners should receive.

As a result, Bitcoin Cash was born on August 1, 2017.Three factions' proposals ahead of the hard forkThe new hard fork scheduled for November 15 has served as another splash of fuel into the bonfire of the ideological debate.

In essence, there are three proposals for the implementation of the Bitcoin Cash network in the form of Bitcoin ABC, Bitcoin Unlimited, and Bitcoin SV. Each of these has its own pros and cons.

The Bitcoin ABC split campaign is based on the belief that the basic structure of Bitcoin Cash is "Sound", and "Does not need any radical change".

Its split is designed to entirely overwrite the network scripts of Bitcoin ABC and increase the block size of Bitcoin Cash from 32MB to a maximum of 128MB, all of which are expected to increase network capacity and scale.

Since the proposals of above-mentioned factions are incompatible, the upcoming hard fork may result in the division of the Bitcoin Cash blockchain into two separate blockchains.

To minimize risks, Andrew Stone, a leading developer of Bitcoin Unlimited, proposed a compromise solution called "Bitcoin Unlimited's strategy for the November 2018 hard fork" on August 21.This upgrade is expected to provide an opportunity to introduce the changes to both Bitcoin ABC and Bitcoin SV, thus giving miners the opportunity to vote for the features they want to see implemented in the hard fork, according to Stone's proposal.

To execute Stone's proposal, miners will have to switch to the Bitcoin Unlimited client, and then activate the Bitcoin ABC and Bitcoin SV features by voting.

Bitcoin ABC has been preliminary accepted for listing by Binance, Coinbase, and OKEx, while Poloniex announced to support both Bitcoin SV and Bitcoin ABC in case the split occurs.