BitMEX announces a competing Client to Bitcoin Core


The research Department of the crypto-currency stock exchange BitMEX has announced a Bitcoin Software Client. The Client should stand in competition to the Bitcoin Core Client, which is based on the reference implementation and an estimated 95% of the Nodes is used. The new Client “Bitcoin BitMEX Research” is to reduce the dependence of the network by a single huge Software Repository.

In a blog post has BitMEX Research about the merits of competing Software-based Clients are discussed and it is concluded that a BTC Client would be necessary to have the misunderstanding to correct that Bitcoin Core for the development of the Cryptocurrency, and “the unique ability, Changes to the consensus rules of Bitcoin to change, or to prevent”.

Historically, the Bitcoin Core Client goes back to Satoshi Nakamoto. Prior to 2013, the Bitcoin Client that had installed all of the Nodes in the network, “Satoshi Client was called” and the reference was referred to implementation as the “Bitcoin-QT/Bitcoind”. After the Disappearance of Satoshi Nakamoto published Gavin Andresen in the Forum of the Bitcoin Foundation, a question for the purpose of renaming Bitcoin-Qt. Mike Hearn, another developer gave to the Client at the time, the name “Bitcoin-Core”, which was accepted by the community. Many began then, the software project called “Bitcoin Core”, actually nothing changed.

The authors of BitMEX argue that the misunderstanding of the control of Bitcoin-Core is created by a few developers during and after the Blocksize debate. These discussions, as BitMEX Research, argues misses the point, since it is the owner of the Node is to decide which Client he installed. In fact, Bitcoin Core does not control or endorse the consensus rules of Bitcoin. For example, the Bitcoin Core software project cannot force the Nodes, an Upgrade or a Change. This also showed the critical Bug in the Bitcoin Core client a month ago:

People tend to look for someone who has the control over the Protocol rules of Bitcoin. Before and during the Blocksize of the war, many thought, it the mountain people, large companies, or Gavin are Andresen. One of the unexpected negative consequences of this war is that many seem to have changed your mind to believe that Bitcoin Core is in Power, an equally erroneous view. The truth is, as hard as it is to appreciate is that the end users are, ultimately, for Bitcoin to be responsible.

Satoshi Nakamoto used to have his own opinion on the subject of a single Client, such as BitMEX writes. He was an opponent of it:

I don’t believe a second, compatible implementation of Bitcoin will ever be a good idea. A big part of the design depends on all Nodes in Lockstep to get exactly identical results, that a second implementation would pose a threat to the network.

The Bitcoin BitMEX Research Client

The new Client of BitMEX Research, aims to reduce the dependence of the network by a single huge Software Repository, without creating new risks for the Ecosystem. To this end, the Team of BitMEX make any Changes to the consensus that a Hard Fork to force or try to implement the Protocol by Rewriting the code base. Instead, the BitMEX Research Client will be based on the code base of Bitcoin Core.

Since it is a Soft Fork of Bitcoin Core that carries with it no risk, […] as it feared Satoshi. The BitMEX Research-Client does not change the consensus rules of Bitcoin, so the concerns about a controversial chain splits apply. So if the Bitcoin Core Repository installed on your computer or deleted, can the code base with the Bitcoin BitMEX Research Repository, or any other Client.

The implementation of the BitMEX is already on Github available. Whether the Client can change the dominance of Bitcoin Core, it remains to be seen.


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