Bitcoin ABC to fork from BCH on 15th November

The developers behind the new hard-fork have announced that the fork will happen on the 15th November. The ABC in Bitcoin ABC stands for Adjustable Block Size. The BCH community discusses the fork and its outcome controversially.

Problems that Bitcoin ABC addresses

The main issue that Bitcoin ABC tries to tackle regards, of course, the scalability of Bitcoin Cash. The developer team wants to improve the block processing of Bitcoin Cash through various implementations. Of which the biggest is the name-giving adjustable block size. This solution will effectively lead to flexible block sizes. Over which the market/miners will ultimately decide. The roadmap also claims to have found a way to lower transaction fees and to keep them forever low.

A fork without hashpower is like an abandoned railroad line.

Controversy in the BCH community

The fork sparked wide discussion within the Bitcoin Cash community. It is not only about the implementations of the new fork but especially about the outcome of the fork. There have been speculations that a hash war will ensue and that the fork that attracts fewer miners will be “crushed”. As unity in the Bitcoin Cash community is ultimately more important than having a superior code. Some traders await the airdrop of the fork, while others remark that the Bitcoin Cash will likely decline with the fork. Consequentially, there has been no major price change for Bitcoin Cash on the market so far.

Previous «
Next »