Recently, BCH has reported a hard fork again, which surprised all coin lovers: again, will the current bull market end? It is reported that the new fork chain code is BCC, which was initiated by ViaBTC mining pool CEO Yang Haipo. On August 5, 2020, Yang Haipo released a Weibo stating: “BCH has been suffering from ABC for a long time, and it is time to make changes.”
In August 2017, due to the inability to mediate conflicts between Bitcoin core developers and big miners at that time, Bitcoin had its first fork, and BCH was forked from Bitcoin with the strong support of Bitmain.
At that time, many people looked to BCH because it had a more reasonable expansion plan and strong support from a group of miners, and was considered to be able to become a real Bitcoin. However, after a brief period of hustle and bustle after the fork, the industry no longer argues about who is the real Bitcoin — -Bitcoin is still Bitcoin, and BCH is habitually called the “Prince”.
Just a year after the BCH forked, the BCH system put forward more radical expansion ideas due to “Craig Wright”, which made the “Craig Wright” and the other faction led by Bitmain also have irreconcilable contradictions. Causes BCH to fork. In November 2018, BSV forked from BCH.
Since the fork, BSV has performed fairly well in terms of currency prices, but in the “short gate” that was raging at the time, many people were swearing “Craig Wright”. The dispute between BSV and ABC not only pulled the price of BCH from the “Prince” throne, but also suspected that “‘Craig Wright’ joined forces with’Wu Jihan’ to maliciously short BTC”, resulting in BTC being smashed sideways for half a year The price of 6000 in the support range fell to 3100 US dollars, causing heavy losses and loss of faith for many coin players.
The hot discussion about the re-fork of BCH makes everyone worry that the Bitcoin bull market will be affected, but many people are also concerned about whether similar things will happen to the global basic public chain DEMOS in the future? It is hard to say whether DEMOS will fork in the future, but there will certainly not be fork problems like Bitcoin.
The reason is: First of all, the DEMOS community is 100% autonomous, and any proposal is subject to voting. This voting system is called DEMOS Convention Center, or DCC for short.
Secondly, even if DEMOS forks, it will not cause disputes in computing power like BCH or Segwit2x, which will adversely affect currency prices. On DEMOS, the new blocks generated by POW miners need to be consistent with the wishes of DEMOS shareholders (POS miners). If POW miners refuse to comply with the collective policy, then POS shareholders can determine that the new block is invalid. For example, if 80% of shareholders support the fork and 20% of shareholders refuse, then these 80% of shareholders can invalidate new blocks on the old chain through DCC. In this way, POW miners will directly transfer from the old chain to the new chain, and the old chain will be invalid.
DCC well protects the uniqueness of the DEMOS main chain, and this design is not only suitable for DEMOS, but also for all basic public chains that DEMOS will play in the future. The traditional public chain is very helpless with the hard fork problem. In order to maintain its own advancement and rationality, it has to make a fork behavior at some point, but this is equivalent to the loss of users for an application-oriented public chain. The adverse effects caused are long-term, and DEMOS’s DCC mechanism can avoid the loss of users to the greatest extent.
Although some people think that the probability of this fork of BCH is not great, the problems that existed at the beginning of its design cannot avoid the occurrence of similar fork events in the future. The original idea of DEMOS is to help all basic public chains solve problems that they cannot solve by themselves. I believe that with the development of DEMOS, it will be able to help public chains such as BCH to solve these problems one day in the future, and that will be the day everyone hopes to return.
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