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Bitcoin Stash (BSH) | Bitcoin Cash Hard Fork | Merged Mining


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This topic contains 0 replies, has 1 voice, and was last updated by  bstash 1 week, 6 days ago.

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  • November 30, 2018 at 3:01 pm #8820

    LAUNCHED!

    Download Bitcoin Stash wallet binary files from our GitHub page (Windows & Linux):
    https://github.com/bstash/BitcoinStash/releases

    Instruction:
    Uncompress the downloaded zip file (.tar.gz file for Linux) and double-click on bitcoin-qt file under the bin folder to run the Bitcoin Stash GUI Wallet.

    Bitcoin Stash Explorer 🚀
    http://explorer.bstash.org/

    Bitcoin Stash Merged Mining Guide:
    https://github.com/bstash/BitcoinStash-MergeMining-Guide

    Official Website: https://bstash.org
    Forum: https://forum.bstash.org
    Twitter: https://twitter.com/bitcoinstash
    Medium: https://medium.com/@bitcoinstash

    —————————————————————————–

    Bitcoin Stash

    The Bitcoin Stash team is comprised of a group of former Bitcoin Cash developers and community members that have become dismayed at the current outlook of BCH. We are sure that you are aware, but a multitude of factors show that there is disaster on the horizon for Bitcoin Cash. Bitcoin ABC is proposing a contentious hard fork for no reason, Craig “Faketoshi” Wright is moving ahead to fork his own coin (Bitcoin SV) out of self interest, and Bitmain has revealed an extremely large BCH holding which they intend to rid themselves of in their now controversial IPO.

    As we see it, a price and hashrate collapse of the chain is inevitable. We have decided that we must take action now, to rid ourselves forever from the bad actors that plague this chain. We are planning to hard fork from Bitcoin Cash on November 15th. With the hard fork, we will not be increasing the maximum block size or following the tokenization/ICO platform roadmap of Bitcoin ABC. However, Bitcoin Stash will be implementing replay protection and continue using the SHA-256 mining algorithm. Additionally, Bitcoin Stash will incorporate merged mining with Bitcoin and Bitcoin Cash.

    With merged mining, Bitcoin Stash will solve the security issues that currently hamper Bitcoin Cash. As a minority chain, Bitcoin Cash is struggling to obtain substantial hash rate, and this has only been made worse following its recent decline in price. As of 9/25/18, the hash rate of Bitcoin Cash only totals about 6% of that of Bitcoin. The Bitcoin Cash hash rate has been continuously declining ever since a peak of roughly 15% of Bitcoin’s back in May of 2018, and we do not see this situation improving. Merged mining will lead to Bitcoin Stash obtaining a much needed higher hash rate since the chain will consist of Bitcoin, Bitcoin Cash, and Bitcoin Stash miners.

    As a result, there will be three benefits that will be immediately realized. First, Bitcoin Stash will be less susceptible to a 51% attack which has recently plagued other chains such as Bitcoin Gold and Verge. Second, a single entity such as Jihan Wu’s Bitmain or Craig Wright’s CoinGeek will have a difficult time forcing any consensus breaking changes as they now must muster a much higher hash rate to do so. And thirdly, merged mining will also increase security on Bitcoin since miners will see greater profitability and will no longer have to choose between mining one chain and missing out on the other. Because of this, Bitcoin Stash will not only be a more secure and decentralized version of Bitcoin Cash, but it will also benefit the current miners of Bitcoin and Bitcoin Cash.

    After the fork, Bitcoin Cash holders will be able to obtain an equivalent amount of our coins if they hold the private keys to their wallet.

    Source: Inside Bitcoins

    Bitcoin Stash Planning Hard Fork From Bitcoin Cash

    Merged Mining

    Bitcoin Stash is a merge mineable cryptocurrency that utilizes SHA256 for its mining algorithm. This means that it can be merge mined with other SHA256 coins like Bitcoin an Bitcoin Cash. Merge mining is a process where a miner is able to mine multiple cryptocurrencies at the same time. All that is required for a miner is to add 48 bytes of data to the coinbase of the parent block.

    https://github.com/bstash/BitcoinStash-MergeMining-Guide

    Replay Protection

    Bitcoin Stash will be implementing replay protection to keep our transactions safe post-fork.

    Source Code

    https://github.com/bstash/bitcoinstash

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