Bitcoin is a Fork, Bitcoin Cash Is the Original Blockchain

Bitcoin is a Fork, Bitcoin Cash Is the Original Blockchain

The National Institute of Standards and Technology has posted a draft of its blockchain technology primer, and it takes a debatable stand at the Bitcoin scaling debate. As presently written, the fifty-seven-page Blockchain technology overview or Draft NISTIR 8202, which was posted by the institute’s Computer Security Resource Center, claims that Bitcoin cash, but not original Bitcoin, is the original blockchain created by Satoshi Nakamoto.

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The document states:

“While Segregated Witness was activated, it led to a hard fork, and all the mining nodes and customers who did not need to change began calling the original Bitcoin blockchain Bitcoin cash. Technically, Bitcoin is a fork and Bitcoin cash is the original blockchain. While the hard fork took place, people had access to the equal quantity of cash on Bitcoin and Bitcoin cash.”

Actually, this review offers a few real mistakes. Even as advocates can declare that Bitcoin cash is Bitcoin and that the state of the original blockchain diverges from Satoshi’s original imaginative and prescient for the digital currency, there’s no hiding the truth that Bitcoin cash was created via the August 1 hard fork.

bitcoin cash

Moreover, the National Institute of Standards and Technology document erroneously claims that Segregated Witness, a scaling solution activated at the Bitcoin network in August, was applied via a hard fork, which would have made Segregated Witness enabled software customers incompatible with older software program versions. In truth, Segregated Witness was activated via a soft fork, which means that it is well matched with legacy Bitcoin software.

Certainly, aversion to activating a hard fork on the main blockchain without sufficient checking out is one motive that SegWit2x, a suggestion that could have raised Bitcoin’s block size to 2MB in concurrence with the activation of Segregated Witness, didn’t garner enough assist and was called off by its leader advocates. The National Institute of Standards and Technology is accepting public remarks at the draft until February 23. Given the existing state of this high-stage technical review, one expects that the institute will obtain some.

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