Bitcoin Cash Supporters Prepare for the Network’s Next Six Months
From Bitcoin.com
It’s been six months since the inception of the Bitcoin Cash (BCH) network, and the decentralized currency’s infrastructure continues to grow. Over the past week, there’s been many new announcements surrounding the BCH chain and its ecosystem.Read more: https://news.bitcoin.com/bitcoin-cash-supporters-prepare-for-the-networks-next-six-months/See also: Bitcoin ABC Developers Announce Medium-Term Bitcoin Cash Roadmap
Six Months In, the Bitcoin Cash Network Celebrates a Successful Hard Fork and Address Serialization Change
Six months have passed since the birth of the cryptocurrency bitcoin cash, and so far the protocol and economy continues to thrive despite the coin’s adversaries. Since the August 1st hard fork that produced the network, there’s been over 36,000 blocks mined, and the BCH chain is 8406 blocks ahead of the core chain. The Bitcoin Cash network recently had a successful hard fork which changed the protocol’s difficulty algorithm, and has kept mining profitability more consistent ever since the implementation. At 12.76 percent of the core chain’s difficulty, BCH is currently 5.6 percent more profitable to mine than BTC. Additionally this month BCH wallet providers and businesses implemented a new address format making it very difficult to send BCH to a BTC address.
I must say I found these plans for the next 6 months to be woefully underwhelming. I hodling a few Bcash in my wallet just in case they pull something off but I have a feeling they aren't going to be seeing much action in the next 6 months from this outlook.
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I think implementing a newe address format not prevent sending BCH to an BTC account is good.
But I also think that by notimplementing stuff like Segwit or the Lightning Network they will have a hard time in the future when their blockchain grows in storage size.
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Same sentiments about holding Bitcoin Cash. Underwhelmed bit hoping the dev team can turn their shit around.
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