An update of Bitcoin Cash (BCH) that will increase the size of the block from 8MB to 32MB and add or reactivate the operation codes of the Bitcoin script (Op codes) has been activated today, May 15.
The hard bifurcation used the Last Half Time (MTP) for the initiation, putting on live in the next block after the MTP timestamp of 1526400000 at 16:14 UTC. Bitcoin ABC, an implementation of the complete Bitcoin Cash node, published on April 1 that the update of the complete Bitcoin node ABC 0.17.1 testnet was available, noting that all the full nodes of the BCH needed to be updated and that the main nodes were being notified bags and wallets. also wrote that this is the first of several planned updates for the currency. An explanation of the new Reddit update says the update is "paving the way for future adoption, as well as adding new features such as operating codes." The user Steve Shadders, coauthor of verabling disabled Op codes, published in his blog that the reactivation of Op codes previously disabled is convincing for developers and could add value to the economy of the BCH. Arguments against an increase in block size include making the operation of complete nodes more expensive, which leads to less decentralization of the network, as well as lower propagation speeds, according to BitcoinWiki. Although BCH's open defender Roger Ver did not directly mention the update today, he posted on Twitter his belief that the BCH - especially Bitcoin bifurcations - follows Satoshi's vision:
"There are multiple Bitcoins, just like there are multiple blockchains but only #BitcoinCash conforms to the version of Bitcoin described by Satoshi in his white paper."
BCH, which is a hard bifurcation of the Bitcoin blockchain as of August 2017, is self-proclaimed as the original Bitcoin (BTC) and superior to BTC due to its lower transaction fees. However, at the end of February of this year, the BTC transaction fees were cheaper than those of the BCH. The large size of the BCH block is another feature that differentiates it from BTC. This is due to Satoshi Nakamoto's attempt to avoid the division of the block chain in the event that some miners produced large blocks that others could not accept. In order to solve the scalability problem caused by the block size limit of BTC, the Segregated Witness update (SegWit) was proposed, having already accepted the update as many exchanges as Coinbase, Bitfinex and GDAX.


No one has reviewed this piece of content yet