Bitcoin Cash Reference

 

 

 

bitcoin cash is the upgrade project of the original Bitcoin project. A number of developers took part in the project from the start including Wladimir Van der Sandhuks, Laura hugged, and many more. Recently there have been speculations that the original project may merge with other projects, this was discussed at length at the International Finance Association conference in Las Vegas. Wladmir said at the meeting that "No, I am not leaving," and instead he is looking forward to continue working on the software that underlies the bitcoin network. He continued,

When discussing the future of the project at the International Finance Association meeting one of the topics of conversation was whether or not there will be a follow up BCH fork from what was done with the bitcoin cache. Wladmir indicated that they are in talks with various industry groups to handle the transition from the existing virtual currency to the new BCH digital currency. "We will have to figure out a way to make this transition without a large impact to the users of the bitcoins," he said. Therefore they will be focusing on the transition and then they will figure out how to secure and integrate the transition.

There are still other currencies that will join the Bitcoin Cash Reference club, and Wladmir isn't ruling out the idea of having a BCH side chain. He indicated that they are in talks with the Digital Currency Association, which is an industry group that represents and develops companies working in the field of digital currency. Wladmir also mentioned the idea of having an exchange-traded product, or ETF, out in the marketplace alongside the current bitcoin. He indicated that it may not be so easy to do, but that the DTC may be able to help facilitate the process.

When asked if there is a hard fork being planned, the Lead Developer, Luke-SN gave a response that is not much different than what we have heard from other industry insiders. He confirmed that the developers are working on the reference client and will continue to do so as long as the team has not come up with a solution for the multiple full nodes that they need for the network. One thing that is unique about the bitcoin community is that everyone has access to the source code, which is basically where the future of bitcoin is being created. The infrastructure funding plan that is being discussed now is still in the very early stages, and no one is yet quite sure what they are looking for. One thing that is clear is that the infrastructure will have to be in place in order to conduct the trade between the multiple virtual machines.

When asked if there is an agreement on what will happen with the reference client and the hard work, the Lead Developer did not answer definitively. However, he did provide some insight into how the process will work and the decisions that will be made regarding which virtual machine (or machines) will participate in the network. One thing that is becoming increasingly clear is that the governance system for the entire network is far from set in stone. While there are certain ideas that the developers have put together, it is anyone's guess what this group of people will come up with at the end of the road. It appears that the potential for a contentious outcome is present.

If you would like to participate in the discussions on the mailing list, then you will need to register yourself as a member first. Keep in mind that the moderators of the list are mostly interested in maintaining a dialogue between the technical team and the community, so do not post anything that could be considered offensive or do anything that may spark a moderation response. There will also be a mailing list within the community that is strictly dedicated to discussing issues with the bitcoin cache implementation and any other related topics. Do not worry, there is no spam involved!