There’s trouble ahead for the new forked spinoff of Bitcoin, Bitcoin Cash. Some difficulties have arisen that have caused the Bitcoin ABC Development Team to announce an “upgrade” ahead of the hard fork coming on November 13th.
The hard fork of the new currency is causing some to wonder whether this currency, the product of a fork from Bitcoin, will turn out to be a dead end.
From Bitcoin New
The Bitcoin ABC development team has announced its plans for the November 13 Hard Fork upgrade of Bitcoin Cash. The upgrade is designed to stabilize the problematic difficulty adjustment algorithm (DAA). News.Bitcoin.com talked to Bitcoin ABC lead developer Amaury Séchet and Bitprim CEO Juan Garavaglia about what to expect.
Statement on November 13 Hard Fork
The Bitcoin ABC development team issued a statement on Monday regarding the upcoming hard fork of Bitcoin Cash (BCC). The upgrade is intended to address the cryptocurrency’s problematic DAA, which makes Bitcoin Cash’s blocktimes slow to a crawl at times and work several times too fast at others. According to the announcement:
Activation of the new consensus rules will be done on a median time stamp basis on blocks that occur after timestamp 1510600000, which corresponds to November 13th, 2:06 PM GMT.
In addition, “this activation code has been merged,” the statement continued, adding that a new software version containing an updated DAA will be published on or before November 1.
Bitcoin ABC’s lead developer, Amaury Séchet, told news.Bitcoin.com on Monday that “nodes need to upgrade. Some wallets need to [upgrade], others do not. It depends on the technology powering the wallet.” He believes that the upgrade “is unlikely to result in a split this time, so the overall risk is reduced.” However, the developer suggested that “users should double check their transactions on an explorer such as blockdozer.com or blockchair.com if they have doubts.”