Bitcoin Cash’s Block Size will be Boosted, According to its Upgrade Project

YI-NING TAI
Thu, 30 Nov 2017
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The developer of Bitcoin cash announced its plan to expand the block size of the cryptocurrency since it was launched in August.

 

Bitcoin cash, the split from bitcoin, is developed by Bitcoin ABC after the debate on increasing the block size. The new-merged cryptocurrency boosts its block size parameter to 8 MB, which is 8 times larger than Bitcoin’s, will expand bitcoin’s transaction capacity.

However, after merely three and half months, the development team unveiled the schedule to ‘increase default block-size limit, and move towards adaptive block size limit’ in the next 6-12 months according to the team’s announcement.

 
‘We want to make it more reliable, more scalable, with low fees and ready for rapid growth. It should ‘just work’, without complications or hassles.’ they said in a statement. ‘It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.’
 
‘Shocking Performance’
 

Dan Matuszewski, head of trading of Circle, who are releasing a blockchain-based investment app next year, confessed the performance of Bitcoin cash was ‘shocking’ according to its soaring demand and trading volume.

 

‘Bitcoin Cash got liquid and tradable instantly, which was shocking to us. It was born out of nowhere … [and] became one of the biggest products we traded.’ He said in the conference hosted by Coindesk in New York. 
 
 
The code and features included in the upgrade project will be announced on 15th Feb, 2018. 
 
 
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Bitcoin Cash got liquid and tradable instantly, which was shocking to us. It was born out of nowhere … [and] became one of the biggest products we traded.