The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to date.
Last update 11/15/20 @ 2:19 p.m. EST
Shortly after 12:00 p.m., UTC on November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short).
The aserti3-2d Github description details that people can get a “high-level description of the motivation and background” for ASERT by reading the programmer Jonathan Toomim’s read.cash article. Specifications for ASERT can be read here on the Bitcoin Cash upgrade specifications web portal.
As usual, Bitcoin Cash supporters watched the upgrade in real-time by leveraging the web portal Coin Dance. The website has maintained a countdown clock for the upgrade, information, and it displays three full node software clients in three separate sections. Additionally, the fork monitor operated by the derivatives exchange Bitmex has also been monitoring the fork.
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete
The Bitcoin Cash community has been patiently waiting for weeks for the November 15, 2020 upgrade and the day is finally here. Every six months the Bitcoin Cash network upgrades, but this time around, a conflict sparked over Bitcoin ABC’s Infrastructure Funding Plan (IFP). During the course of the day, the following editorial will be monitoring the Bitcoin Cash upgrade in real-time so our readers can be kept up to date.
Last update 11/15/20 @ 2:19 p.m. EST
Shortly after 12:00 p.m., UTC on November 15, 2020, Bitcoin Cash experienced a scheduled upgrade. Bitcoin Cash developers from various full node projects changed the Difficulty Adjustment Algorithm (DAA) to a new DAA called ‘aserti3-2d‘ (or ‘ASERT’ for short).
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete
The aserti3-2d Github description details that people can get a “high-level description of the motivation and background” for ASERT by reading the programmer Jonathan Toomim’s read.cash article. Specifications for ASERT can be read here on the Bitcoin Cash upgrade specifications web portal.
As usual, Bitcoin Cash supporters watched the upgrade in real-time by leveraging the web portal Coin Dance. The website has maintained a countdown clock for the upgrade, information, and it displays three full node software clients in three separate sections. Additionally, the fork monitor operated by the derivatives exchange Bitmex has also been monitoring the fork.
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete
The data shown on Coin Dance includes the full node clients’ Bitcoin Unlimited, Bitcoin Cash Node (BCHN), and Bitcoin ABC. Coin Dance stats say BCH Unlimited 1.9.0.1 will follow the longest chain. Bitcoin Cash Node (BCHN) 22.1.0 will follow the longest chain, unless the 10-block re-org protection is violated. Bitcoin ABC 0.22.4 will follow the chain that complies with the Infrastructure Funding Plan (IFP).
Because Bitcoin ABC stuck with implementing the IFP, it is expected to produce two incompatible networks. Every full node client, except for ABC’s IFP version, will be agreeing on the same rules. Bitcoin cash (BCH) users should see a smooth transition, but they may see an airdropped coin if miners decide to mine the ABC software that introduces the controversial IFP mechanism.