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