13% of Bitcoin Cash Nodes Still Not Working
Two weeks after its much-awaited hard fork, it has been revealed 13% of Bitcoin Cash nodes still run on the blockchain’s old software which is incompatible with the rest of the network.
The statistics show the newly generate controversy around Bitcoin Cash for certain cryptocurrency users, critics also noting how Bitcoin (BTC) has outperformed the altcoin in the last week when it came to network cost, currently having lower transaction fees.
However, others noted the 87% of the network incorporated all nodes, claiming the rogue nodes that did not follow the majority consensus were actually dormant.
“If they would have any economic value they would continue mining unforked chain,” read one response.
A similar report regarding Bitcoin Cash’s lack of consensus in its post-fork focused on how little publicity it received.
Bitcoin core developer Kalle Alm observed that 16-17% of nodes were not running the new chain’s software on May 16, adding “everyone would explode” if something like this has happened on the Bitcoin network, whose nodes are currently working at 100 percent capacity with the consensus rules.
“You can tell BCH is not bitcoin by looking at how not everyone is losing their shit all over the place. Imagine if 20% of BTC nodes failed consensus? Everyone would explode. And there would be forks as miners are not just one dude running a farm,” he wrote.
The creator of BitcoinVPC had gone even further, calling the hard fork “an epic screw up for a network marketed as a store of value and a medium of exchange.”
You may be interested
Spain May Soon Require Investors to Reveal Their Crypto HoldingsSolomon Magawi - October 23, 2018
As Bloomberg reported recently, the Spanish government proposed a controversial bill that would require cryptocurrency investors to disclose their holdings.…
The US Government Seized Over $700,000 Worth of Cryptos from a Dark Web Drug DealerJoshua Tayo - October 23, 2018
Oxymonster, a dark web drug dealer who specialize in the sales of Grade drugs has been sentenced to 20-year in…