Skip to main content

Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

On Thursday, September 27, Eminent.ly developers announced the launch of an application programming interface (API) called Chopsticks.cash. The Chopsticks API is for application developers or advanced users that are worried about the possibility of a contentious fork this November.

Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go

Chopsticks API Allows Application Developers to Submit Raw Signed Transactions to All Post-November-15-Fork BCH Chains

Everyone knows a Bitcoin Cash hard fork is scheduled for November 15th of this year and at the moment there is a controversial disagreement in regards to the upgrade changes. Yesterday the Eminent.ly development team launched a protocol that allows application developers and advanced users to avoid any forking disruptions. Essentially they have created in Chopsticks.cash an advanced API that allows people to submit their raw signed transactions to all post-November-15-fork Bitcoin Cash chains. Right now there is the possibility of codebase changes stemming from Bitcoin ABC, Bitcoin SV, and Bitcoin Naybc developed by the lead XT programmer Tom Harding.

Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

“Sadly, the probability that the BitcoinCash (BCH/XBC) community will have to deal with a contentious fork on November 15th, 2018 is pretty high at this point,” explains the developers of Eminent.ly (a business-social network that records proofs of referral and interest on-chain). “No one knows how things will go during this contentious forking period, and which Bitcoin Cash forks are going to survive and to be supported by the community.”

The Chopsticks creators add:   

Early adopters of Bitcoin Cash and application developers like us at eminent.ly cannot take the risk of losing any of their transactions during this period, and absolutely need to continue operating during the contentious fork — The solution we propose here with Chopsticks.cash is to provide an API that is recording transactions on each Bitcoin Cash post-fork chains (XBC, XBS, XBN, etc).

Advanced Users, Merchants, and BCH Application Developers Will Be Able to Operate Their Businesses Normally During a Conflicting Period

In a post written on the social media network Yours.org, the founder of Eminent.ly Romain Pellerin says that the process of using Chopsticks if the chain splits will duplicate the funds owned on each chain. Pellerin details it will not cost a user any more money to record it in this fashion. “And finally, we will see how things will go and which chain(s) the market will decide to support, and which one to continue operating on,” Pellerin adds.

Chopsticks is currently live and the Eminent.ly development team is hoping more programmers will contribute to the platform’s Github repository. Currently, the API uses a golang written implementation and an SH script, but the developers are looking to provide more clients.       

“Bitcoin Cash application developers will not be taken hostage in the conflicts opposing miners and/or protocol developers, and will be able to follow each chain incurring no additional costs — BCH application developers will be able to operate their business normally during the conflicting period,” the Chopsticks creators conclude.

What do you think about the Chopsticks platform? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Pixabay, and the Chopsticks.cash logo


Need to calculate your holdings? Check our tools section.

The post Chopsticks API Gives BCH Application Developers Options During a Contentious Fork appeared first on Bitcoin News.



from Bitcoin News https://ift.tt/2N8E0j8

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...