Does BCH ABC have serious weaknesses? One expert developer thinks so...

08 Dec, 2018 | Updated: 08 Dec, 2018
by David Robb
Does BCH ABC have serious weaknesses? One expert developer thinks so...

A Bitcoin Cash developer has recently posted an article outlining his thoughts about the BCH ABC fork. According to the user @unwriter, the network is overly centralized and has serious technical vulnerabilities.

The user claims that he has been a BTC developer for sometime, and switched to BCH last year as he was supportive of the larger block size. In general, he claims to be neutral and to have no conflicts of interest. 

He identifies a level of centralization in the BCH ABC fork that goes against the ideology of crypto, as well as making it a target for manipulation or other attacks. Apparently, "The manner in which the centralized checkpointing was executed throughout the “war” should be a serious risk to any developer considering building on top of Bitcoin ABC".

The centralization of BCH ABC will apparently provide "both the reason AND the means for a powerful adversary to take down the network in the future. They simply need to attack the associated ABC cartel". As a way of evaluating the risks of this network vulnerability, he compares it to the bug that led to the infamous Dao hack on the Ethereum network, pointing out that many knew about the bug but few believed it would be exploited.

He goes on to declare his support for BCH SV, as he doesn't feel comfortable building on a blockchain that can be exploited like ABC can. He believes the attack will probably happen at some point: "Maybe not today, maybe not tomorrow, but if it can happen, it WILL happen, even if it’s after decades. It’s just a matter of time. That’s NOT sound money".

Read more: BCH hash war shows just how centralized crypto really isBCH SV has seen a double flippening- overtaking BCH ABC and Tether

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Read more about: Bitcoin Cash (BCH)


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