por Federico Urenda · May 01, 2018 01:29 Bitcoin Cash (CRYPTO:BCH) 24 Hour Trading Volume Reaches $888.97 Million
To prepare for the fork, the announcement asks all Bitcoin Cash node operators to upgrade to the new version immediately, and it further asks all community members to contact “exchanges, wallet providers, and other ecosystem participants, [to let] them know they should upgrade their software or run an updated version of Bitcoin ABC or other compatible software”. The block size will change from 8MB to 32MB which allows more transactions in a single block.
But while that might sound aggressive given bitcoin’s , those who have been following the cryptocurrency might be surprised that such an aggressive shift wasn’t pursued sooner. “Finally, the OP_RETURN data carrier size increases to 220 bytes”.
Not only did bitcoin cash developers pack in features, but they’ve also added back some of the old capabilities that bitcoin creator Satoshi Nakamoto stripped from the protocol early on. In the case, various smart cards were gotten rid off by Nakamoto when he realized they could grant an attack vector.
“Essentially out of an abundance of caution and lack of time to fully explore and fix the edge cases that needed to be addressed, the decision was taken to simply disable any opcodes around which there were doubts or even hints of doubts”, said nChain developer Steve Shadders, in a describing the features in bitcoin cash’s hard fork .
“Seven years have passed and the edge cases around these opcodes are much better understood now”.
This takes LBX’s total coins listed to six (in addition to BTC, ETH, LTC, XRP) and comes just weeks after LBX added Ripple (XRP) to its exchange – showing its senior team are proving good on their promise to roll out “multiple new coins” on a regular basis.
Yet, since there are still potential vulnerabilities in some of the smart contracts , bitcoin cash will only be unveiling a few of them this time.
Although Bitcoin cash community has excitement for the change, some users are skeptical.
The scope of the hard fork is determined and ambitious; it searches for scalability solutions with its block size increase and strives for Ethereum-like functionality with its smart contracts. Others worry about the governance model of BCH where miners and developers of BCH make organizations in the future upgrades.
The various implementations for BCH are BitcoinABC, bitcoin classic and bitcoin unlimited all of which have agreed to the upgrade.
One of the reasons many feel good about this hard fork is that the developers made a decision to eliminate several features that were potentially more contentious.
For instance, OP_GROUP, a change aimed at launching features for asset creation on bitcoin cash , was thrown out when it became known that competing proposals for these features might be on the horizon.
Bitcoin Cash has a hard fork on the menu, one that the coin’s primary group of developers, Bitcoin ABC, has been cooking up since December .
As such, bitcoin cash might continue to display ambition that can’t be slowed down. Noticias recomendada .
