The Bitshares China Association posits that one of the core developers hired via DPOS onchain concensus tampered with the voting system code of Bitshares Version 4.0 without the voting approval of the community. This created a huge controversy in the Bitshares Community. According to BCA, all parties in the community have made a lot of effort in the past months however the incident has not reached an acceptable solution for all parties.
In order to adhere to the DPOS consensus and maintain DEFI credit, while protecting the interests of investors and avoiding impacts on the stability of the existing BTS network after discussion and voting by all members of BCA， BCA decided to fork BTS. The fork will be executed at 21:55 on September 10, 2020 Beijing time (CST). The new coin symbol is “ NBS” and come with a full name as “New BitShares”.
Originally published at https://www.compumatrix.ph on September 8, 2020.