Bitcoin Cash announces plans for new block increase
The developers of Bitcoin Cash have announced yet another attempt to increase the size of the criptomoeda block. The new increase is expected to occur next year.
The improvement that will bring another block increase in the currency is present in the recently launched development roadmap - which covers timeframes of 6 to 12 months - released yesterday by the main team of developers, Bitcoin ABC. The roadmap includes two hard forks - an upgrade method that requires everyone to run software to upgrade - scheduled for May and November 2018, respectively.
Bitcoin Cash came out in August through a hard fork on the Bitcoin network. After the tightening of the bitcoin block size debate, and particularly after the cancellation of SegWit2x, the currency experienced a rapid (and high) growth, which reflected in its price: it went from just over $ 300 to the current $ 1,500. Bitcoin Cash has a block size limit eight times larger than Bitcoin.
While most of the developers of Bitcoin Core were reluctant to move very quickly to an increase in block size (arguing that such a move could jeopardize bitcoin's security), several larger block defenders went their own way and created their own crypto-coins.
The development of Bitcoin Cash was not interrupted in this initial division, however. Its developers have announced further plans to improve the currency, plans to be added by the new roadmap.
According to the official announcement:
"WE WANT TO MAKE IT BITCOIN CASH MORE RELIABLE, MORE SCALABLE, WITH CHEAPER RATES AND READY FOR QUICK GROWTH. (THE IMPROVEMENT) MUST "WORK" WITHOUT COMPLICATIONS OR PROBLEMS. IT MUST BE READY FOR GLOBAL ADOPTION BY CONVENTIONAL USERS, AND PROVIDE A SOLID BASE ON WHAT COMPANIES CAN TRUST. "
Bitcoin Cash supporters believe that increasing block size is key to this, as rates will theoretically increase less intensively as block size increases.
The improvement that will bring another block increase in the currency is present in the recently launched development roadmap - which covers timeframes of 6 to 12 months - released yesterday by the main team of developers, Bitcoin ABC. The roadmap includes two hard forks - an upgrade method that requires everyone to run software to upgrade - scheduled for May and November 2018, respectively.
Bitcoin Cash came out in August through a hard fork on the Bitcoin network. After the tightening of the bitcoin block size debate, and particularly after the cancellation of SegWit2x, the currency experienced a rapid (and high) growth, which reflected in its price: it went from just over $ 300 to the current $ 1,500. Bitcoin Cash has a block size limit eight times larger than Bitcoin.
While most of the developers of Bitcoin Core were reluctant to move very quickly to an increase in block size (arguing that such a move could jeopardize bitcoin's security), several larger block defenders went their own way and created their own crypto-coins.
The development of Bitcoin Cash was not interrupted in this initial division, however. Its developers have announced further plans to improve the currency, plans to be added by the new roadmap.
According to the official announcement:
"WE WANT TO MAKE IT BITCOIN CASH MORE RELIABLE, MORE SCALABLE, WITH CHEAPER RATES AND READY FOR QUICK GROWTH. (THE IMPROVEMENT) MUST "WORK" WITHOUT COMPLICATIONS OR PROBLEMS. IT MUST BE READY FOR GLOBAL ADOPTION BY CONVENTIONAL USERS, AND PROVIDE A SOLID BASE ON WHAT COMPANIES CAN TRUST. "
Bitcoin Cash supporters believe that increasing block size is key to this, as rates will theoretically increase less intensively as block size increases.
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