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Author Topic: Ethereum And Bitcoin Cash: Handling The Hard Forks  (Read 51 times)
hBicKOP (OP)
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August 31, 2018, 05:51:45 AM
 #1

Bitcoin Cash and Ethereum are both in the process of considering upcoming hard forks, but the decision-making and communication processes are playing out very differently: Decisions on the Ethereum blockchain seem largely decided by communities of developers, whereas the Bitcoin Cash community lets miners take the reins. The different priorities of each blockchain lay at the heart of the matter.

https://www.ethnews.com/ethereum-and-bitcoin-cash-handling-the-hard-forks
Herbert2020
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August 31, 2018, 06:27:36 AM
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in both cases, both coins are extremely centralized and that makes making every single decision easy. ETH has a centralized developer and centralized nodes and nobody cares much about which direction it goes as long as they are making profit from its pumps. that means the developer flips a switch and a fork occurs, as simple as that. we have seen it in the past that there is no proper consensus mechanism in it as is the case with centralized coins.

BCH is the same, it was created and is controlled mainly by Bitmain since they are controlling more than 90% of its hashrate. the developing process is also similarly centralized, even though there are seemingly multiple node programs (abc, cash,...) but they are doing the same thing and the nodes are also centralized to data centers and controlled by the same people so the upgrades and forks happen based on their decision.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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