BitMEX launches software client to compete with Bitcoin Core

posted about 2 months ago
The research arm of cryptocurrency trading platform BitMEX has announced that it will launch its own Bitcoin software client to compete with reference implementation and industry standard Bitcoin Core. Unveiled this week in a lengthy post discussing the merits of competing software clients, BitMEX Research said that it chose to release its own BTC client to help correct the misunderstanding that open-source software repository Bitcoin Core is in charge of the cryptocurrency’s development and “has the unique capability to change or prevent changes to Bitcoin’s consensus rules.”

BitMEX Research argues, it is users who should be the ones truly in charge of the cryptocurrency’s protocol rules. The group’s new client, named Bitcoin BitMEX Research, aims to reduce the network’s reliance on a single major software repository without introducing new risks to the ecosystem. “Since it is a software fork of Bitcoin Core, it carries none of the risks of not being bug for bug compatible, like Satoshi was concerned about,” the authors wrote. “The BitMEX Research client also doesn’t change Bitcoin’s consensus rules, so the concerns about contentious chainsplits do not apply. Therefore, if the Bitcoin Core repository gets hijacked or deleted, the codebase can still improve using the Bitcoin BitMEX Research repository.”
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