A Detailed Analysis on This BCC (BitcoinCash) Hard-Fork

in #cryptocurrency7 years ago (edited)

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Information Regarding This BCC/ BCH Hard Fork

There are 2 Hard-Forks Going to happen on BitcoinCash This Year

So This Hard-Fork Going to happen on 15th May and 15th Nov, and We Know its a Strong News

But Few Things to Keep in Mind Here what They are Actually Doing or Improving by This Hard-Fork

To get there, ABC plans to do two hard forks in 2018, they call them “protocol upgrades;” on May 15 and November 15. The code for the forks is scheduled to be ready three months in advance.

For the next hard fork upgrade ABC has the following features in mind:

  1. Increase the block size further and move towards an “adaptive block size limit,” similar to what Bitcoin Unlimited already has

  2. Move toward canonical transaction order, which could be important to enable future scaling technologies like Graphene,

  3. further improve the difficulty adjustment algorithm,

  4. and reactivate some disabled opcodes.

  5. Besides having already implemented an adaptive block size limit, BU suggests to further increase capacity by decreasing block intervals to one, two, or 2.5 minutes. This should enhance the user experience at the same time,

  6. Like ABC, BU supports the reactivation of old opcodes but also proposes to implement new codes, like OP_GROUP or OP_DATASIGVERIFY, which could enable “representative token and binary contracts,” among other things,

  7. BU agrees with ABC to announce a new address format, to reduce confusion, which results of users sending Bitcoin Cash to Bitcoin addresses. A new format called Cashaddr was recently suggested by ABC. It is based on Pieter Wuille’s bech32 format,

  8. Further, BU wants to evaluate the implementation of “Bobtail,” which has the potential to “reduce inter-block time variance, increase double-spend resistance, improve the DDA, and achieve better mining,”

  9. Also, BU wants to evaluate the implementation of Graphene.

SOURCE LINK - https://btcmanager.com/bitcoin-cash-abc-bu-announce-roadmap-2018/

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