Bitcoin Cash Hardfork Latest: Coingeek Boss Calvin Ayre to work on Bitcoin Cash ABC if it wins the BCH Hash War

Calvin Ayre, the owner of Coingeek and major supporter of the Satoshi Vision (SV) divide of the bitcoin cash [BCH] hardfork, has said that he would work to develop the Bitcoin Cash ABC if it wins in the upcoming hardfork.

Understanding the BCH Hardfork

Following a lack of consensus within the community, the bitcoin cash blockchain is expected to split in two on November 15 during an upgrade of the network. There are two main warring factions; those in support of Bitcoin ABC proposal and others in support of Bitcoin SV proposal.

Bitcoin ABC has its main support from bitcoin mining giants and chip makers Bitmain. As Smartereum reported, BitPay along with other industry heavyweights including Coinbase and Binance crypto exchanges have thrown their weight towards the BCH ABC version which includes major software changes like canonical transaction ordering and two new operation codes (opcodes).

Bitcoin SV is in no shortage of supporters either as Coingeek, the single biggest miners of Bitcoin Cash has backed the proposal. The implementation proposed by Craig Wright and published by nChain is seeking to increase the bitcoin cash block size from 32 MB to 128 MB while reinstating four “Satoshi opcodes” in an effort to restore the original Bitcoin protocol.

If the hardfork goes through on November 15, chances are that of the two resultant chains will gain more hashes and become the dominant chain for BCH.

Calvin Ayre will work on the Winning Side even if it’s Bitcoin Cash ABC

Ayre has reportedly said he will be working in order to improve the whole ecosystem even if ABC wins the ‘hash war.’ A hash war refers to the battle for dominance between the two chains that will be produced after the hardfork because it will be determined by the hash power available to the chains.

Eli Afram, an author at Ayre’s Coingeek remarked:

“To find a victor early on and then move forward with building BCH to be a global currency. It is in part one of the reasons why Calvin Ayre referred to this possibility as market manipulation. I asked Calvin on his position should ABC win the hash battle, and he responded ‘If ABC wins, then I will follow and constantly work on striving to make future changes for better.’”

This decision may disappoint certain sections of BCH followers who see the hardfork as an opportunity to jettison the Craig Wright the controversial figure who declared himself as Satoshi Nakamoto in 2016; Wright revealed Ayre to be a major part of his business operations.

Notably, ethereum co-creator Vitalik Buterin called on the BCH community not to compromise and go ahead with the hardfork to ostracize Wright.

He tweeted:

“The BCH community should NOT compromise with Craig Wright to “avoid a split” and should embrace it as an opportunity to conclusively ostracize and reject him. Bitcoin Craig (BCC) can go take the ticker symbol from the now-defunct cryptocurrency to which it is a fitting successor.”

As stakeholders take sides with the warring proposals, individual miners are expected to take to the more economically viable chain after the hardfork. Notable BCH supporter Roger Ver has maintained neutrality on the hardfork.

Solomon Sunny is the market reporter for Smartereum, one of the global leaders in Ethereum, blockchain and currency news. He produces technical price updates on digital currencies and writes recent developments about blockchain.


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