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Bitcoin Cash Hard Fork Prepares for the Cash Upgrade Now Less Than a Month Away

Moupiya Dutta
Moupiya Dutta
She finds it interesting to learn and analyze society. she keeps herself updated, emphasizing technology, social media, and science. She loves to pen down her thoughts, interested in music, art, and exploration around the globe.

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With the scheduled Bitcoin Cash hard fork now less than a month away, Data websites like Coin Dance have added statistics for feature support, upgrade voting, and public opinion. The standoff between SV and ABC is perched to result in a chain split that will see the challenging wage a messy war for the future of the protocol.

As the Hard Fork gets closer for Nov 15, participants are preparing for the upgrade in several ways. On Oct. 22 chief scientist Craig Wright announced the SV-Pool is now open to the public meaning that Bitcoin Cash miners can direct their hash rate towards the SV-Pool and get paid by an initial pay-per-last-n-shares (PPLNS) system. Over the last seven days, Coin Dance brings on statistics that SV-Pool has been capturing around 2.6 percent of the global BCH hash rate.

The latest BU code is prepared for the Bitcoin ABC team’s ruleset changes and the team stated on Twitter that SV ruleset compatibility was “pending.” BU’s plan is to let the miners vote for features by using a system called the BIP135 bits.

Through BIB135, the miners are to be able to start voting on the features that are to be added in the BCH hard fork on 15th November. For the miners who do not support the Bitcoin Cash hard fork at all can also vote for the features, stated Andrew Stone, the lead developer at Bitcoin Unlimited.

On Oct. 23, 15 organizations like Bitcoin ABC, Unlimited, XT, Cryptograffiti, Coingeek, Nchain, Coinex, Blockchain Ventures, and more were detailed by Coin Dance as a weighted community-managed supporting breakdown by the company for each active Bitcoin Cash proposal. Coin Dance is allowing company submissions that require the organization to be publicly accessible, indicate explicit choices, and source references.

There are days left for the upgrade and it is hard to predict how the cash upgrade will show up even for those constantly watching and listening to the BCH community.


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