Bitcoin Cash successfully forked, but nobody seems to care

2019-11-16 07:46

Bitcoin Cash has successfully gone through a scheduled fork at 12:00 GMT on Nov. 15, mostly adding minor upgrades to the code. However, unlike last year’s fork which gave birth to BSV, the event has come and gone largely unnoticed by the crypto community.

BCH introduces minor upgrades to its code

Bitcoin’s often contested offshoots never seemed to have shied away from controversy. One of the more divisive coins on the market, Bitcoin Cash, has had quite a scandalous fork last year, giving birth to two new assets that competed for the market share.

This year’s fork, however, has come and gone without much notice from the crypto community. While it’s hard to say whether it’s due to the minor upgrades that were introduced or a general decrease in interest in Bitcoin Cash, the market had quite a bland reaction to the code changes.

These changes have been the main topic of discussion among BCH developers for the last few months and will focus on enforcing existing rules and securing transactions. According to the BCH repository on GitHub, all of the updates in the fork will be compatible with all miners.

Apart from a brief withdrawal and deposit suspension on several exchanges, the fork had no major effect on the market.

While BCH’s price remained relatively stable in the days preceding the fork, it dropped just over 4 percent after the fork was finalized.

Bitcoin Cash (BCH) price chart after fork Bitcoin Cash has clean symmetric split

BitMEX Research, the research and analytics arm of crypto derivatives exchange BitMEX, following the fork. The company announced that the last common block, where both the old and new clients of BCH have the same set of rules, has been produced at around 13:15 UTC.

Bitmex Research’s tweet about Bitcoin Cash hardfork

Later in the day, after the network stabilized, BitMEX research found that the fork was a well-implemented, clean, and symmetric split. Both sides of the chain seemed to regard each other as invalid, which is a rare occurrence in the bloody world of hard forks.

Bitcoin Cash symmetrical split

According to ForkMonitor, the newly forked chain, the final common block was mined at height 609,136 by BTC.com and was first seen and accepted as valid by Bitcoin ABC 0.20.6.

ForkMonitor showing Bitcoin Cash Fork (Source: ForkMonitor)

There are six more months to go before BCH’s next fork, which will happen around the same time as Bitcoin’s halving, according to current estimates. The timing of the next fork will ensure a more significant market reaction, even if the upgrades themselves remain minor.

The post Bitcoin Cash successfully forked, but nobody seems to care appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Forkcoin (FORK) на Currencies.ru

$ 0.0168804 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0168804 - H: $0.0168804
Капитализация $87.143k Rank 99999
Доступно / Всего 5.162m FORK / 21m FORK

bitcoin successfully cash minor fork upgrades code

bitcoin successfully → Результатов: 126


Фото:

Grayscale Investments First to list Crypto-Backed Digital Large Cap Fund

Grayscale Investments, a cryptoasset management firm with more than $2 billion in assets under management, has successfully secured approval from the Financial Industry Regulatory Authority (FINRA) for the public listing of its Digital Large Cap Fund (DLC) on over-the-counter (OTC) markets with ticker symbol: GDLCF, according to a press release on October 14, 2019.

2019-10-16 23:00


Фото:

Cardano (ADA) Launches Shelley Network Testnet 

Cardano (ADA), the 12th largest distributed ledger technology (DLT) project in the world, has achieved another significant milestone in its journey towards full decentralization. The Cardano team has successfully launched the networked Shelley testnet, which it says is the first decentralized implementation of the Ouroboros Genesis consensus algorithm, according to a blog post on SeptemberRead MoreRead More.

2019-9-28 09:00


Фото:

Rwanda Studies CBDCs To Minimize Transaction Cost and Maximize Output

The Rwandan Central Bank is interested in exploring central bank digital currencies to reduce the costs associated with transacting by optimizing efficiency. As per BNN Bloomberg, August 22, 2019, Rwanda’s Central Bank looks to authorities in Canada, Singapore, and Holland for inspiration as they have successfully studied the applications of blockchain.

2019-8-23 11:00


Фото:

Grant Thornton Recovers Data Belonging to Hacked Cryptopia Cryptocurrency Exchange 

Grant Thornton, which serves as liquidators for hacked New-Zealand cryptocurrency exchange, Crytopia, recently released an updated report on its activities so far. According to a report on its website on August 21, 2019, the liquidators, among other things, successfully recovered customers’ data that was previously in the possession of a U.

2019-8-22 11:00


Bitcoin’s imminent support breached: $9,700 to $9,400 or $10,100 to $10,700?

As mentioned in the crossroads article, Bitcoin has successfully invalidated the support after breaking out of the rising wedge and closing below it in the one hour chart. The short-term prospect for Bitcoin from hereon looks bleak and gloomy as, at press time, the price of Bitcoin was $9,943, after it had collapsed by more […] The post Bitcoin’s imminent support breached: $9,700 to $9,400 or $10,100 to $10,700? appeared first on AMBCrypto.

2019-8-21 18:00


Фото:

Canada’s Shoppers Drug Mart Completes DLT Pilot for Cannabis Tracing 

Shoppers Drug Mart, a leading Canadian retail pharmacy chain with more than 1,300 stores across the region, has successfully completed the first phase of its distributed ledger technology (DLT) pilot for the tracking of clinical cannabis from genome to distribution, in collaboration with its software partners, TruTrace, according to a press release on August 14,Read MoreRead More.

2019-8-15 15:00


Фото:

Standard Chartered Bank Issues First DLT-Powered Letter of Credit

In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More.

2019-8-8 13:00


Two Years Later, Bitcoin Cash Is Still Not Bitcoin

Bitcoin Cash launched at Bitcoin block #478559, just over two years ago today. The Bitcoin block height as I write this is #588122. The Bitcoin Cash blockchain just added #593909. Two Years in Survival Mode In the intervening 100,000+ blocks, the chain has successfully proven that it can survive a hostile marketplace, multiple technical attacks, […] The post Two Years Later, Bitcoin Cash Is Still Not Bitcoin appeared first on CCN Markets

2019-8-2 22:36


Newsflash: Bitcoin Price Pierces $10,000 But Analyst Shades ‘Mini-Bump’

The bitcoin price regrouped from its vicious weekend sell-off to recover past the $10,000 mark on Wednesday. Bitcoin Price Recovers to Crucial Psychological Level The dominant cryptocurrency had been in an uptrend for most of the day, and at approximately 10:00 am ET it managed to successfully pierce the $10,000 mark, which is generally considered […] The post Newsflash: Bitcoin Price Pierces $10,000 But Analyst Shades ‘Mini-Bump’ appeared first on CCN Markets

2019-7-31 17:44