Fun

Bitcoin Verde’s New Project Aims to Promote Bitcoin Cash Node Diversity

News Feed - 2020-02-03 04:02:23

Bitcoin Verde"s New Project Aims to Promote Bitcoin Cash Node Diversity


Software developer Joshua Green announced Friday via the read.cash blog that the Bitcoin Verde team is launching a project to increase mining diversity. Green believes all the Bitcoin Cash implementations should “strive to be viable mining alternatives” and he’s encouraging full node developers to focus on this goal. Additionally, the engineer disclosed Bitcoin Verde will be constructing a block template validation system that removes the risk associated with miners running different implementations.


Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Bitcoin Verde Announces the Construction of an Open Source Block Template Validation Service


Bitcoin Verde’s Joshua Green has revealed the implementation’s developers will be creating a new project to invoke mining diversity among nodes. Essentially, Green thinks the implementation used by a majority of miners is “exceptionally heavy” and he’d like to see more “network diversity.” Green stressed that Bitcoin ABC’s codebase is stable and the developers have a “fantastic” reputation. “[Bitcoin ABC] is also innovating new features and providing a path for other implementations to follow — This is not an easy task, and they’ve been doing a great job,” Green emphasized. Bitcoin-Verde is a ground-up implementation of the Bitcoin (Cash) (BCH) protocol. The project is an indexing full node, blockchain explorer, and library.


Despite these great qualities, Green would still like to see other node clients used by miners in order to promote a more decentralized system. “Bitcoin Verde will be taking a heavy focus on becoming a viable mining node alternative,” Green recently announced. The software developer explained that he would like to see all the major nodes strive to become mining implementations as well.


“All five+ implementations should strive to be viable mining alternatives,” Green wrote on Friday. “Being viable means producing quality work; it also means reasonably obliging miners and taking their requests and concerns seriously. I encourage the minor implementations to start focusing more on this.” “We believe this service will become standard practice across all majority mining organizations, and strongly encourage recommendations from miners and the community for how to improve this idea,” Bitcoin Verde’s Joshua Green said on Friday.


The developer revealed that the node developers from “BCHD, Bitcoin Unlimited, Bitcoin Verde, and Flowee the Hub have been collaborating in the Bitcoin Verde Telegram about a minority node testnet for mining.” Green also noted that a single implementation is less risky and his team wants to reduce risks for BCH miners. In order to combat the counter-incentive to node diversity, Green and Bitcoin Verde will be creating an open-source block template validation service. Bitcoin Verde is also raising funds for the initiative.


“This open-source service will alert miners when the template they are attempting to mine is incompatible with other implementations, and can be ran themselves or by a 3rd party,” Green insisted. The Bitcoin Verde developer added: The block template validation system removes the risk associated with miners running different implementations. Furthermore, with this alert system, miners will be able to prune the transactions that create network incompatibilities or choose to completely switch to a different template. This service doesn’t just benefit minority implementations, it also benefits miners, developers, and the live network as a whole. Bitcoin Verde Receives 3% of Block Template Validation Service Funding, BCH Supporter Donates 15 BCH to Bitcoin Verde, Electron Cash, and Pokkst


Green received a lot of feedback from BCH proponents in the comments section of his post and most of the commentary was quite positive. “You cover everything that needs to be covered and do it well — Very clear. Great problem statement, solution break-down, roadmap, and budget,” an individual commented on Green’s read.cash post. Following Green’s proposal, BCH supporter @georg_engelmann donated 15 BCH to help Bitcoin Verde, Electron Cash, and Pokkst’s development. Already $1000 donated to improve #BitcoinCash miner diversity. Awesome! Thank you!https://t.co/J5u22vcHZ7


— Joshua Green (@joshmgreen) February 2, 2020



In a recent Reddit post, the Bitcoin Verde account wrote: “In a single day, 3% of our funding goal has been reached for a block template validation service.” Replying to the post, Engelmann decided to send funds to Verde and other Bitcoin Cash projects. “3×3 for Verde, 3 for Electron Cash and 3 for Pokkst,” Engelmann said.


What do you think about Green’s read.cash post and Bitcoin Verde building an open-source block template validation service? Let us know what you think about this topic in the comments section below.


Image credits: Shutterstock, Fair Use, Bitcoin Verde logo, and Pixabay.


Want to create your own secure cold storage paper wallet? Check our toolssection. You can also enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin pagewhere you can buy BCH and BTCsecurely. Share this story: Tags in this story BCH, BCH Clients, BCH Implementations, BCH Nodes, Bchd, Bitcoin ABC, bitcoin cash, Bitcoin Cash Development, Bitcoin Unlimited, Bitcoin Verde, Blockchain, crypto, Decentralization, Flowee the Hub, Georg Engelmann, Joshua Green, mining, Mining Implementation, Node Diversity, Raising Funds, technology Related Developer Adds Improvements to the Bitcoin Cash Java Library TECHNOLOGY | Jamie Redman


On January 30, the software developer Pokkst published a blog post sharing his experience of how he"s been maintaining the… read more. BCH Script Meeting Aims to Enhance the Programming Language in Bitcoin Cash TECHNOLOGY | Jamie Redman


Bitcoin Cash developers actively participate in video meetings in order to discuss the ongoing development of the BCH ecosystem. BCH… read more. Jamie Redman


Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today. Please enable JavaScript to view the comments powered by Disqus.

News Feed

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm
Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced th
Rakesh Upadhyay7 hours agoPrice analysis 9/29: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATICCrypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.1509 Total views8 Total s
Rebranded Localcryptos Lets You Cash Out BTC Peer to Peer – Minus the Hassle of KYC 
Rebranded Localcryptos Lets You Cash Out BTC Peer to Peer – Minus the Hassle of KYC  If you’ve ever had a sudden need for fiat while all in crypto, you’ll understa
Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High
Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Toda
Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils
Ukraine Raises More Crypto Than Russia in Year of War, Analysis Unveils The two sides in the bitter conflict in Ukraine have been relying on crypto assets and technology to support
‘FTX Accounts Drainer’ Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet
"FTX Accounts Drainer" Now Holds Over 250,000 ETH, Address Is the 27th Largest Ethereum Wallet The exploiter responsible for siphoning millions of dollars in ERC20 tokens and ether
Sony Considers Remaking "The Princess Bride" as Internet Explodes in Fury
As Hollywood movie studios get further and further away from producing original content and instead rely on remakes and reboots of familiar franchises, Sony has apparently floated the idea of remaking "The Princess Bride
Encryption Standards Threatened Under Pretext of Battling Coronavirus
Encryption Standards Threatened Under Pretext of Battling Coronavirus Governments around the world have been trying for some time to bypass encryption and backdoor messaging apps
David Attlee13 hours agoCrypto ahead in fintech investments in France and Germany in 2023: ReportEurope experienced a 50% fall in fintech investments in the first half of 2023.1161 Total views4 Total sharesListen to arti
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs
Director of Listed Chinese Company Embezzles $8 Million, Uses Funds to Purchase Bitcoin Mining Rigs A Chinese prosecutor is reported to have given a thumbs up to the arrest of a li
Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows
Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that
Dogecoin Hits Weekly Support Trendline, Analyst Signals Cycle Bottom Is In
Este artículo también está disponible en español. Recent price decline action has seen Dogecoin rebounding at a recent multi-month low after the entire market started las