Bitcoin Cash upgrade in 3 days – New Opcode support, chain limit extension, Sigchecks
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On May 15, Bitcoin Cash (BCH) the blockchain will be updated and at least three new features will be added to the longest chain. The community is fervently discussing the update in three days as it follows the recent and controversial proposal for infrastructure funding (IFP).
Bitcoin Cash will be updated in three days: Amaury Séchet of Bitcoin ABC talks about IFP in a recent podcast
In three days, Bitcoin Cash (BCH) the blockchain will be updated again, adding new functionality to the network. If things go well, as has happened in the past, the protocol will have a transaction chain limit increased from 25 to 50. The chain limit extension has been requested by several members of the Industry for some time. The op code "OP_Reversebytes" will also be supported in the script after the upgrade. BCH The developers have also improved the number of signing operations using the new "Sigchecks" method. There is also the IFP code, which remains in Bitcoin's ABC code base but will not be used with the Bitcoin Cash Node (BCHN) project. The developers who worked on the BCHN channel noted that, regardless of whether the Infrastructure Finance Plan (IFP) was voted, the implementation was designed to follow the longest chain.
The full BCHN node will add the other functionality that comes with the May 15, 2020 update. Recently, Bitcoin ABC developer Amaury Séchet spoke to Coinspice reporter, C. Edward Kelsoand explained his thoughts on the next update. The Podcast Called "IFP and why it stays in the code", it gives an idea of what Séchet thinks of the next update. The discussion with Kelso offers a full overview of the reasons why IFP was left in the ABC code base and Séchet's opinion on alternative implementations of full nodes. For those who want to know more about the new additions to the IFP update and plan, check out the links below published by the Bitcoin ABC team members.
Updating nodes at all levels
About a week ago, the developers of the BCHN project published their technical bulletin written by Calin Culianu. Before publishing the newsletter, the BCHN project reached 100% of its Flipstarter funding target 12 days before the deadline. On May 11, the Bitcoin Unlimited development team tweeted to the public to remind people that they should upgrade their nodes. "Update your Bitcoin Cash node before May 15," wrote the development team.
Related Downloads:
Users can download the latest unlimited implementation of Bitcoin here
and the team offers advice on updating your node via BU telegram channel. ABC Bitcoin node brokers can download the latest version of ABC here and BCHN users can get a copy of the Bitcoin Cash Node implementation here. Full node operators can also download the latest version BCHD software, Flowee the Hub, Knuthy Bitcoin green.
At the time of publication, there were 1,414 public nodes operating on the Bitcoin Cash network. 632 of them use Bitcoin ABC according to Coin Dance statistics, 689 nodes run BU. BCHN currently has 62 nodes and 31 other nodes run BCHD, Flowee, Green and Knuth. Coin Dance also reveals that IFP Bitcoin Cash has not reached the required threshold and "should not activate before the May 15 deadline". At present, there are approximately 1.8 exahash of proof of work hashing power that the Bitcoin Cash chain secures. With only three days left and about a month later BCH reduce by half BCH Followers will monitor the next update.
What do you think of the next BCH update planned for May 15? Let us know in the comments below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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