A few months ago, Bitcoin ABC Lead Developer, Amaury Sechet made an announcement about the Bitcoin Cash [BCH] fork. The team has confirmed that the fork has been scheduled for 15th May 2018. Also, the Bitcoin Cash Network’s consensus rules have been upgraded and ABC team has released version 0.17.0 with the updated code. The new version is available for download along with the consensus rules.
The activation time will be at 12:00:00 UTC on 15th May 2018. The consensus rules will be changed according to the Median Time Past [MTP] method which had used for the previous fork which was held in the month of November 2017.
All the users are advised to upgrade to the 0.17.0 version at the earliest if they are running an ABC node. All the new rules and their activation is in the testing phase as per ABC team. They will be releasing testnet for the same very soon.
The most significant change which has been introduced is the increase of the maximum block size to 32 MB. Along with this, the team has added various bitcoin script operation codes (op-codes).
The upcoming hard fork is expected to bring Ethereum like characteristics to the Bitcoin Cash network. Considering the earlier records, the previous fork was executed with no complications, hence the BCH network would not have to be anxious about the new hard fork as well.
At present, the team is in touch with all the major exchange platforms discussing the upgrade that has been scheduled for May 15th.
ABC team stated:
“The most notable change is the increase of the maximum block size to 32 MB — There are also several bitcoin script operation codes (op-codes) being added or reactivated.”
A Bitcoin supporter says :
” Bitcoin Cash is faster and cheaper to use than Bitcoin. That is why we use it more than Bitcoin. “
A cryptocurrency enthusiast says:
“I wonder what will happen when the nodes take more than 10 minutes to process those huge blocks of 32 mb … although good as 90% of the nodes belong to the Chinese I suppose that I have already verified that your hardware will be able to do it.”
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