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Bitcoin Cash Hard Fork Today!

6 days ago 408 views

Are you ready for the current Bitcoin Cash hard fork? The hard fork is related to Blockchain technology and it has brought a radical change in the protocol. It validates the previously invalid transaction and blocks or makes the present transaction and blocks invalid. Today, on 15th May 2018, it is announced that there will be an upgrade operation of Bitcoin Cash network in order to promote or upgrade the rules of consensus. This upgradation of Bitcoin Cash network will lead to increase its functionality.

Despite previous hard forks in cryptocurrencies, this time the Bitcoin Cash holders will not double their coins.

The most notable change that is brought is the increase of the maximum block size of bitcoin cash to 32 MB. Previously, the maximum block size of Bitcoin Cash was just 8 MB and it only allowed performing 61 transactions in a second. Thus, there is a radical change in the block size after the upgradation.

In addition, it is also reported that there will be several changes in the network and Bitcoin script operation codes will also be added or reactivated. Some of the notable Bitcoin script operation codes are OP_CAT, OP_AND, OP_OR, OP_XOR, OP_DIV, OP_MOD, OP_SPLIT, OP_NUM2BIN, and OP_BIN2NUM and these Bitcoin script operation codes also increase their data carrier size to 220 bytes.

The creation of colored Bitcoin or time-stamped data on the Blockchain has now become possible. However, the upgradation is based on Median Time Past method and the hard fork will remove all the difficulties that are standing in the way of BCH network.