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Bitcoin cash network upgrade

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bitcoin cash network upgrade

The Bitcoin Cash (BCH) network underwent a network upgrade on November 15, The BCH network participants couldn't agree, and as a result. Because Bitcoin Cash shared the same blockchain as Bitcoin until the hard fork (a major change to a network's protocol), the two cryptocurrencies had. Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork is scheduled for this Thursday. FOOD REPLACEMENTS FOR DIABETICS

Simple Easy to use. No hassles. Stable A payment system that's a proven store of value. Secure World's most robust blockchain technology. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development.

All are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world. Wallets Why Use Bitcoin Cash? Like the Internet itself, the network is always on. No transaction is too big or too small.

Even under the best of conditions, banks can make mistakes, hold funds, freeze accounts, and otherwise prevent you from accessing your own money. Banks can also decide to block your transactions, charge you fees, or close your account without warning. Bitcoin Cash gives you full, sovereign control over your funds, which you can access from anywhere in the world.

Bitcoin Cash has a fixed supply and therefore represents sound money. Bitcoin Cash offers various levels of privacy depending on how it is used. Enjoy Exclusive Discounts Many merchants offer discounts for paying in Bitcoin Cash, because it eliminates credit card fees and helps grow the adoption of this new payment system. Token Ecosystem Storing and managing tokens on a blockchain provides greater transparency and integrity than traditional forms of asset accounting and trading.

Bitcoin Cash supports token protocols that power a variety of projects, and it is easy to create your own token backed projects. Support Freedom Worldwide Bitcoin Cash is a permissionless, open network. It empowers you to engage with your fellow human beings without intrusion. As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known. This includes a constantly growing number of decentralized exchanges and NFT projects!

If you want to convert your BCH into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing. Neel S. View more What is Bitcoin Cash BCH Bitcoin Cash is a hard fork of the Bitcoin protocol that was born from a long-running debate in the Bitcoin community over the size of blocks in the blockchain. Bitcoin Cash was formed by a group of developers in August who viewed a larger block size as necessary for Bitcoin to scale and adequately function as a P2P digital currency originally envisioned by Satoshi Nakamoto.

Bitcoin Cash recently split into another two cryptocurrencies in November following a hard fork. Bitcoin Cash now primarily refers to Bitcoin ABC -- the camp determined by exchanges and other crypto-focused firms as the original Bitcoin Cash, while the other fork -- Bitcoin SV -- is led by the polarizing Craig Wright. Some prominent Bitcoin proponents, such as Roger Ver, suggested that a block size increase was necessary for Bitcoin to remain a transactional, P2P cryptocurrency instead of more of a store of value and that SegWit did not adequately address the problem.

Amid rising transaction fees on the Bitcoin network and support for larger blocks from some sizeable firms, such as Bitmain, the Bitcoin protocol was forked to increase the block size, and Bitcoin Cash was born in August With larger blocks, Bitcoin Cash has lower fees than Bitcoin but is more prone to the centralization of its mining economy and network nodes. At a high level, Bitcoin and Bitcoin Cash remain very similar in their designs.

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As of November 15, , deliberation has concluded without contest, and the upgrade will activate on May 15, without a network split. Upgrade Schedule Sep 15, - The upgrade was activated on a public test network. May 15, - Upgrade is activated on the main network. Upgrade Preparation For Bitcoin Cash users, this upgrade requires no preparation; payments can safely be made and accepted throughout activation. Existing wallet software will continue to function without upgrades.

Miners, exchanges and other node operators are advised to upgrade node software before May 15, to avoid service disruptions. We have respect for both groups of developers, each pursuing funding in different approaches, each with their own advantages and disadvantages, to bring about peer to peer, electronic cash for the world.

As such, if there is a split, we will do our best to support both chains. There is no way to know what will happen for sure, miners will ultimately make the final decision with their hashpower on and after November 15th, Right now, a chain split seems likely so we are working to support both chains.

Afterwards, we will inform holders of recommended actions they should take in order to split their tokens before spending them. With a paper wallet, you will have a safe, offline wallet and private keys that you can use to split your SOUR for each chain.

Visit paper. This includes:.

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URGENT: Watch This BEFORE November 1st!

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