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Bitpico Versus Bitcoin Cash

A few weeks after hacker group Bitpico announced they would be launching an attack on the network of Bitcoin Cash, they have finally disclosed that the altcoin suffers from massive node centralization.

However, whatever was declared by Bitpico was not readily accepted on the grounds of blind faith as some users began posting conflicting statistics. According to bchnodes.online, for instance, Bitcoin Cash nodes are for the time being working in 48 countries spread around the world. The biggest saturation of nodes is in the United States where an estimated 28.26% of the nodes are located followed by China with 22.54% of the nodes. Germany comes in third with 10.95% of the nodes.

After re-surfacing from a hiatus that went on for a few of months, late in June Bitpico announced that they would be launching an attack on the Bitcoin Cash network with the goal of rupturing and breaking the cryptocurrency. As CCN reported then the group promised to inflict grief on BCH evangelist Roger Ver.

“The [Bitcoin Cash] attack has been started; it will continue to run as we work to amplify it over the coming months. We expect to have 5000 Bcash attack nodes in roughly 6 weeks and then we will multi-fork the chain. @rogerkver will now cry,” Bitpico tweeted at the time.

Bitpico members are, however, not the only ones involved in the accusations at the Bitcoin Cash network for lacking decentralization and free movement. Last year in December Bitcoin developer Nick Szabo made similar statements. Earlier in the year, a project manager at the Identity Division of Microsoft brought up the Bitcoin Cash by criticizing blocksize increases as being anti-decentralization. At the time Bitcoin Cash was scheming to increase its blocksize fourfold from 8MB to 32MB and this was realized soon enough in May.

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