December 28, 2019
Source: Visual generation – Shutterstock Amanda B.Johnson, one of the best known promoters of DashInvest and supervisor of DashInvest, proposed the merger of Bitcoin Cash (BCH) and DASH.The proposal has been harshly criticized by the crypto community.Implementation seems rather improbable.
As Ripple CEO Brad Garlinghouse recently said, there will likely be consolidation in the cryptocurrency market over the next few years.The mere number of 3000 or more cryptocurrencies is just not necessary to cover every conceivable use case.As a result, industry experts expect cryptocurrencies that have a real use case and that can evolve based on market demand will prevail.
With that in mind, Amanda B.
Johnson, one of DashInvest’s best-known promoters and a supervisor, made a suggestion.This allows a merger of DASH and Bitcoin Cash (BCH) under the name of “Bitcoin Dash”.According to Johnson, the two brands could benefit from a merger because the two projects have the same use case (“payments”).
While Bitcoin Cash, according to Johnson, has a better brand image, DASH could bring the best technology.The two together could form a “superchain”.
Fun thought: Bitcoin Dash.
A blockchain merger between Bitcoin Cash and Dash.
Two chains competing for the same market (payments).Bitcoin Cash has the best brand and Dash has the best technology.
The two combined would form a payment super chain called Bitcoin Dash.
Thoughts?
– Amanda B.
Johnson (@AmandaB_Johnson) December 26, 2019 The Bitcoin Dash Proposal Has Been Strongly Criticized
The proposal sparked controversial debate within the crypto community.The proposal has been particularly criticized in the DASH community.Many DASH supporters have argued that the merger would make the situation worse because Bitcoin Cash has a very bad reputation on the crypto scene.
Beyond the group of convinced supporters, the brand Bitcoin Cash has received the derogatory name “Bcash” to discredit it as “additional” Altcoin.
It would also be doubtful whether, from a technical point of view, a merger of the two blockchains is possible.
The two projects have different node structures.While Bitcoin Cash uses pure proof of work (SHA-256), DASH has a two-tiered model.To validate transactions, DASH uses a proof of work (x11 algorithm) and the masternode system.
In contrast, a merger would be easier when it comes to the account model, since both blockchains do the same thing Use the UTXO (Unspent Transaction Output) model.According to Johnson, small blockchain projects have already successfully merged.
This has been done before with much smaller chains.
Making UTXOs from one channel available on the other channel is one approach I’ve heard of.I am sure there are others.
– Amanda B.Johnson (@AmandaB_Johnson) December 27, 2019 Merger unlikely
A merger also seems unlikely for other reasons.Bitcoin Cash (BCH) has claimed to be “the real Bitcoin” since the hard fork of Bitcoin (BTC) in 2017.With the merger, Bitcoin Cash officials would practically drop this claim.
On the other hand, a merger seems rather improbable since the Dash Core Group has already presented plans for 2020.
Ryan Taylor, CEO of Dash Core Group, recently suggested moving to proof of participation at a conference at Dash Evolution Open House 2019.The background to the proposal was to promote the DASH ecosystem by mitigating the impact of boom and bust cycles on prices due to two-tier technology (proof of work and masternodes).In this regard, DASH currently appears to be pursuing a different plan.
DASH and Bitcoin Cash officials have so far not responded to the proposal.
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