BitcoinCash 2018: Upgrade Information and New Features

[toholdornot]

It was in August 2017 when Bitcoin Cash split from Bitcoin, and this had thrown the future of this digital currency into doubt. Later that same year, November to be precise, another bitcoin cash software upgrade was announced. This upgrade has become a reality as it is slated for May 15 this year. This expected upgrade has caught the attention of crypto enthusiasts who are watching out for the benefits this upgrade will bring to the table.

A 32 MB Block Size Increase
The anticipated upgrade is promising a host of features that are meant to enhance the capability of the underlying network process more transactions than the original Bitcoin ever did. This is interesting to the extent that the scalability of this will see bitcoin cash’s block size parameter stretch from 8 MB to 32 MB. With this stretch, there will be more transactions on the block than previously witnessed.

But according to some people, this should have happened even earlier. This ambitious plan is viewed by the proponents as aggressive, considering bitcoin’s more limited approach to transactions. More experienced and seasoned developers had been against this sudden move citing the fragility of the $157 billion network. With BTC going for almost $1500 making its market cap hit $24 billion, this conservative opinion by the seasoned developers look attractive to some extent.

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