Bitcoin Cash Major Upgrade Planned Tomorrow, Market Shrugs It Off

Bitcoin Cash Major Upgrade Planned Tomorrow, Market Shrugs It Off
фото показано с : beincrypto.com

2019-11-14 22:38

Bitcoin Cash will be undergoing a planned update tomorrow on the network’s consensus rules. The upgrade will add two new features.

Bitcoin Cash will be having an update tomorrow which has been planned and discussed meticulously for months. However, the upgrade has been largely under-discussed in the greater cryptocurrency industry—perhaps an indication of Bitcoin Cash’s fading relevance.

The Bitcoin Cash Network Upgrade: What to Expect

Two changes are expected to take place for Bitcoin Cash tomorrow.

A ‘minimaldata rule’ will be applied which means that transactions on Bitcoin Cash will now be ‘non-malleable.’ Now, the majority of transactions on the network won’t be malleable by third parties and transactions can’t be tampered with. There will be support for Schnorr signatures on Bitcoin Cash. This will allow for more complex multi-signature transactions

As of now, around 68% of all BCH nodes are prepared and voted in favor of the upgrade. All the major players in the Bitcoin Cash world—Bitcoin AMB, Bitcoin Unlimited, BCHD, and so on—have agreed to conduct the upgrade. Currently, there are around 1,500 public nodes which have been stable at this level since the beginning of this year.

On the user end of things, there won’t be any immediate changes. It is just expected to make the network more secure.

Market Doesn’t Seem to Care

Despite many within Bitcoin Cash circles believing this to be a fundamental upgrade, the market has responded coldly. The update is tomorrow and the asset is trading down -2.73% at the time of writing. It is up for the year, however, from its lows of $90 during December 2018—currently trading at around $278.

Mr. Backwards (@Coin_Shark) had an amusing prediction on what will follow the upgrade. He expects an artificial price collapse after the update after which he will long the red candle and sell in ‘disgusting profit’ 2 weeks later.

Tomorrow $BCH will have its chain upgrade.

What would be nice imo:

– severe price DOWNGRADE
– longing the red scamwick
– sell in disgusting profit ~2 weeks later pic.twitter.com/j0VoECZGGQ

— Mr. Backwards ® (@Coin_Shark) November 14, 2019

In all, it just underscores the fact that the market does not seem to be all that interested in Bitcoin Cash as an independent asset at the moment. For example, the asset was adopted in Japan only a couple of months ago and received little to no fanfare. It just seems to loosely follow Bitcoin, and this upgrade does not seem like it will break this general tendency.

Images are courtesy of Shutterstock, Twitter.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

The post Bitcoin Cash Major Upgrade Planned Tomorrow, Market Shrugs It Off appeared first on BeInCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 94700.43 (-0.67%)
Объем 24H $53.945b
Изменеия 24h: 3.06 %, 7d: -3.48 %
Cегодня L: $91951.2 - H: $95752.95
Капитализация $1875.428b Rank 1
Цена в час новости $ 8625.52 (997.91%)

bitcoin cash planned tomorrow upgrade update off

Источник: beincrypto.com

bitcoin cash → Результатов: 126


Bitcoin Cash $BCH Takes The Spotlight While Bitcoin Battles Selling Pressure 

Bitcoin Cash ($BCH) positions itself as a user-friendly solution for daily transactions, boasting minimal fees and swift confirmations, ideal for routine purchases and micro-transactions. Despite its designed convenience, concerns are surfacing as traders exhibit Fear, Uncertainty, and Doubt (FUD) towards assets like Bitcoin Cash and Loopring, reflected in a surge […]

2024-1-25 23:15


Каковы перспективы Bitcoin Cash после роста на 140%?

На этой неделе цена Bitcoin Cash (BCH) взлетела более чем на 100%, достигнув 13-месячного пика в $235. Ключевые ончейн-метрики указывают на возможность продолжения ралли. Во вторник, 20 июня, состоялся официальный запуск EDX Markets.

2023-6-30 12:56


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

FET nears breakout: Could a 20-30% rally be next?

FET consolidates near $1.33 as traders eye a breakout above $1.38 resistance. On-chain activity surges, while technical indicators and liquidations suggest potential bullish momentum. ArtifiThe post FET nears breakout: Could a 20-30% rally be next? appeared first on AMBCrypto.

Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat

Hyperliquid, when stacked against its rivals, it stands out as the future of crypto fee generation. With its unique integration of spot & derivatives exchanges, Hyperliquid is truly settingThe post Hyperliquid reaps the benefit as Bitcoin, altcoins take a backseat appeared first on AMBCrypto.

Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9?

While GT’s price increased, its social metrics also improved.  Selling pressure on the token increased, which could cause a price correction soon.  Gate Token [GT] has showcased impeccabThe post Gate Token booms 23% in 7 days: Will GT hit new highs or correct to $13.9? appeared first on AMBCrypto.