Nchain pulls gigablock testnet funding highlights bitcoin cash governance issues
Bitcoin Unlimited has nchain pulls gigablock testnet funding highlights bitcoin cash governance issues its funding from nChain due to public comments critical of its chief scientist Craig Wright.
According to a post by Bitcoin Unlimited's chief scientist Peter Rizun, blockchain research and development firm nChain has discontinued its funding of the Gigablock Testnet Initiative, a long-term scaling experiment conducted by Bitcoin Unlimited.
This was due to Rizun's public comments criticizing nChain's chief scientist Craig Wright over his claims on the security of zero-confirmation transactions as well as allegations of plagiarism:. Developers and other parts of the ecosystem must therefore find outside sources of funding, some of which may not be completely independent and may come with strings attached. The catalyst behind the original split between Bitcoin and Bitcoin Cash and their respective communities was an inability to come to consensus over the issue of scaling, as well as control over Bitcoin's development.
The disagreement between the two main factions of the community resulted in a split into two separate coins and projects, however both camps still remain in bitter disagreement over which is the "true Bitcoin":. No Bitcoin cash is bcash, it is a shitcoin and should be avoided at all cost. In its current iteration Bitcoin lacks a clear consensus mechanism, as do most similarly-constructed cryptocurrencies.
While miners ultimately decide which version of the code to run, the ability to clearly answer specific questions regarding the network, as well as accurately gauge the sentiment of investors and everyday users, is distinctly lacking. Because of this, the question of "Which is the one true Bitcoin? The treasury system employed by Dash was designed specifically to guard against these sorts of issues with independent funding for development.
Because of Dash's unique setupdevelopment is able to be funded directly by the network itself, rather than relying on outside funds for assistance. This differentiates Dash from decentralized networks as a true decentralized autonomous organizationor DAO. Because of its masternode voting mechanism, Dash is able to both establish a clear consensus on potentially controversial issues, as well as maintain its independence from outside actors.
Read more at DashForceNews. As a BCH enthusiast i am a bit disappointed. I'm keeping an eye on Dash: You have completed some achievement on Steemit and have been rewarded with new badge s:. You got your First payout. To support your work, I also upvoted your post! For more information about SteemitBoard, click here. If you no longer want to receive notifications, reply to this comment with the word STOP.
Upvote this notification to help all Steemit users. This was due to Rizun's public comments criticizing nChain's chief scientist Craig Wright over his claims on the security of zero-confirmation transactions as well as allegations of plagiarism: Shortly after I nchain pulls gigablock testnet funding highlights bitcoin cash governance issues proof of Craig Wright's plagiarism, nChain informed us that they would nchain pulls gigablock testnet funding highlights bitcoin cash governance issues terminating the Gigablock agreement effective immediately.
But I hope you can see things from my perspective: Governance and funding issues caused the original Bitcoin split to begin with The catalyst behind the original split between Bitcoin and Bitcoin Cash and their respective communities was an inability to come to consensus over the issue of scaling, as well as control nchain pulls gigablock testnet funding highlights bitcoin cash governance issues Bitcoin's development.
The disagreement between the two main factions of the community resulted in a split into two separate coins and projects, however both camps still remain in bitter disagreement over which is the "true Bitcoin": Dash's self-funding and voting mechanism was designed to avoid these problems The treasury system employed by Dash was designed specifically to guard against these sorts of issues with independent funding for development.
Authors get paid when people like you upvote their post. You have completed some achievement on Steemit and have been rewarded with new badge s: For more information about SteemitBoard, click here If you no longer want to receive notifications, reply to this comment with the word STOP Upvote this notification to help all Steemit users.