The Bitcoin Cash (BCH) network has once again been caught in centralization. This time, the developers of the BitPico mining pool conducted a stress test of the Bitcoin Cash (BCH) network and the results are disappointing.
A stress test launched last month proved that the altcoin is almost completely centralized, contrary to the assurances of the developers about the decentralization of the coin. 98% of the full nodes of the Bitcoin Cash network are located in one data center.
In principle, the BitPico team assumed this after an earlier Lightning Network stress test, and the results did not come as a surprise to them. Even before testing began, BitPico announced its plans to collect five thousand “attack nodes” and conduct multiple forks of the network, thus proving that the Bitcoin Cash Network is easily vulnerable.
By creating a screenshot of the test results, BitPico invited representatives of Bitcoin Cash to explain the centralized nature of the nodes.
The results of the test put the last point in an endless string of accusations about the lack of decentralization of the Bitcoin Cash network.
Last December, when Bitcoin reached all-time price highs of around $20,000, Nick Szabo, a well-known figure in the crypto community, publicly called Bitcoin Cash “centralized virtuals.”
This was his reaction to evidence that more than half of the coin’s nodes are located on Alibaba servers. This compares to just 2% of Bitcoin nodes at the time.
Last summer, Bitcoin Cash became the subject of controversy and a number of scandals. The crypto community is divided into Bitcoin Cash supporters and critics. The former are confident that BCH helped the Bitcoin network solve the scaling problem, while opponents are confident that the emergence of Bitcoin Cash compromised the first cryptocurrency and damaged the reputation of Bitcoin.
The later debate focused on network scaling. In the spring, Microsoft released a statement advocating layer-2 solutions like the Lightning Network, which more effectively solve the long and costly transaction problems of some cryptocurrencies. Despite the fact that an increase in the block size or a hard fork, according to the company, is “degraded decentralization.”
There has not yet been an official response from Roger Ver to the accusations. Currently, the Bitcoin fork network is preparing for another experiment. The BCH Stress Test Day group plans to test the network's throughput and prove the ability to process a million transactions in one day.
According to https://cryptonewsmonitor.com
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