Bigger and Bigger Blocks: Bitcoin Cash Forks Again

A new bitcoin cash fork is in the way, according to an announcement posted by the Bitcoin ABC full node client in its web page. The fork will go live May 15 and will feature some important improvements and changes to the bitcoin cash protocol.
The most important change will be that the block size will be of 32 MB, trying to address some concerns of future transmission congestion, to avoid the type of problems that Bitcoin Core faced last December when sometimes the tax was more expensive than the amount transferred, for small amounts. It will also update some operators in their code.
As every time that a fork occurs, there will be a resulting “Bitcoin Cash Classic” coin that, according to the same announcement, will be short-lived; the other bitcoin cash full node implementations will also adopt the new codebase.
The announcement of the fork was kind of expected, because in the inner dev community they were considering raising the block size for future proofing operations with the bitcoin cash cryptocurrency. Furthermore, the reason to be of the bitcoin cash fork was the negative of the bitcoin core devs to increase the block size, and that triggered an internal discord that resulted in the said fork.
According to some analysts, this would enable a level of operations in the Bitcoin Cash Network at the same size of Paypal, something that cannot be said about Bitcoin Core, that would be saturated with a minor amount of operations, due to the smaller block size (1 MB).
The announcement also states that they are already testing these changes and that a testnet will be established soon for testing purposes; they also encourage informing all interested parties of the decided fork and encourage them to update the client to the latest version. The full announcement can be found here.

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Software Giant Palantir Joins the Bitcoin Race, Hints At Gigantic BTC Buy

What do Tesla, Time magazine and WeWork have in common? All companies have, in the last three months, announced either a significant investment in cryptocurrency or a newfound acceptance of it as a means of payment from customers. The most…
cryptocurrencyCryptocurrency NewsebayNewsNFT

NFTs Land Great Feat On eBay

NFTs are everywhere these days. Iconic tweets, digital art, and even memes are being turned into NFTs and sold for everything from a few dollars to millions of dollars each. More and more marketplaces are taking shape to sell NFTs…
cryptocurrencyDOGEdogecoinDOGEUSDElon MuskNewstesla

Dogecoin Blows Hot As ‘Dogefather’ Elon Musk Considers Making DOGE A Payment Option At Tesla

Dogecoin was expected to race to the moon after Elon Musk’s SNL performance, but the asset took the bearish route and dipped until nearly 40% of its value was lost. The crypto went from a high of $0.73 to a…