Bitcoin Cash Blew up: A prediction of "smooth" hard fork?
The market is moving right now. Even if we know the irrational market,
operators frequently try to rationalize market movements by seeking causal
links. Bitcoin Cash's hard fork could be one of those reasons, even if the
"hard fork" box should not make you benefit from free cryptocurrencies.
Bitcoin Cash has problems with the adjustment of the difficulty
Bitcoin.com
is led by Roger Ver, a pro-Bitcoin Cash. The site announced that Bitcoin
Cash had difficulties with its block size adjustment algorithm and was
preparing a "smooth" hard fork to correct the problem.
Garavaglia, the ruler of Bitprim.org explained:
Bitcoin algorithm Cash very well achieved its initial objective, but now the side effects affect Bitcoin Cash several proposals have been developed, coded, and tested. There has been much discussion in the groups of developers. My team is currently testing the best proposals, and there is consensus on the fact that the network of Bitcoin Cash will receive an upgrade
A
difficult adjustment algorithm is an algorithm that will first look at the
hashrate
computing - total power of the network. Once this data retrieved, it
will be able to set the difficulty of the equation that will have to solve
minors - "proof of work" - so that it can be resolved in time, 10
minutes for Bitcoin Cash.
The official announcement of Bitcoin Cash's hard fork
The
statement explains:
The EDA [Editor's note: The original algorithm] of bitcoin cash allowed Bitcoin cash to survive as a minority channel, but resulted in wild fluctuations in hashrate. This is problematic because it prevents fast and fluid confirmations of transactions for users and drastically and constantly changes the extraction of tokens
The objectives :
- · - Automatic adjustment of the hashrate for a block to be mined every 600
- · - seconds stabilize the variations of the difficulty when the hashrate is stable
- · - quickly adjust the difficulty when the hashrate changes abruptly avoiding the variations due to a UX changes in hashrate and difficulty
- · - mproving network resilience towards "timestamp" attacks
This
update has already been deployed on a testnet made available by ABC:
We remove and add to the extreme amounts of computing power (of the variations of 95%) and then we see how the difficulty actually fits with the new code. In addition, the developers of the new algorithms have made their own simulations and comparisons are underway to assess the different scenarios.
A « smooth » hard fork
The
peculiarity of this hard fork, is that it must be considered just as an update.
If minors follow the movement, the former blockchain will abandoned.
It is for development community decentralized of Bitcoin Cash, especially at nodes and portfolio development teams, to upgrade their software before November 13 so that the rigid fork can take place without problem. The developers of the project have said that they "have been in communication with the miners of Bitcoin Cash and that they expect this upgrade.
So
this is a hard fork "update" that makes consensus, not a contentious
hard fork. In the end, the old blockchain being somehow suppressed, hard to
believe that the market anticipates this hard fork by thinking about the free
money that can sometimes ensue. The hard fork is scheduled for November 13th at
2:06 GMT.
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