BitMEX exchange intends to develop its own software for the main bitcoin network.
According to the company, the new project will compete with Bitcoin Core and is aimed to dispel illusions around the bitcoin protocol management, especially "the misconception that the Bitcoin Core software repository has the unique capability to change or prevent changes to Bitcoin’s consensus rules.".
The new BitMEX client will be a fork of Bitcoin Core. The company plans to make bitcoin network less dependent from the popular client without risks for the ecosystem, as the blog post reads.
"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 client or any other set of clients," said the company.
For reference, the misconception arose during the discussion of bitcoin scalability, when the community started considering that dispute as the confrontation between Bitcoin Core team and crypto mining companies.
"People tend to look for somebody who is in control of Bitcoin’s protocol rules. Prior to and during the blocksize war, many thought it was miners, large businesses...," BitMEX mentioned.