What is knots?!

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Bitcoin knots is a node implementation. It allows users to configure their mempool policy 👍

What does this mean?

Will there be a spinoff like Bitcoin cash?

It's a different implementation that allows you to filter what some (me) consider spam. It maintains the network rules while ensuring that the network remains scalable and auditable.

it's not a "hard-fork".

"just a more selective node" more ethical node