Bitcoin Cash Developer Announces New Plans For The Network's Upcoming November Upgrade
Bitcoin Cash Developer Announces New Plans For The Network’s Upcoming November Upgrade
August 7, 2020
Bitcoin Cash Developer Announces New Plans For The Network's Upcoming November Upgrade
Bitcoin Cash Developer Announces New Plans For The Network’s Upcoming November Upgrade
August 7, 2020

Amaury Sechet, the lead developer of Bitcoin Cash (BCH), has announced new plans for the network’s upcoming November upgrade designed to find a compromise between proponents of the ‘Bitcoin ABC’ and ‘BCHN’ proposals.

On August 6, Sechet posted that the November upgrade will implement two main changes to the protocol — the implementation of the ‘Aserti3-2d’ difficulty adjustment proposed by Jonathan Toomin and Mark Lundeberg, and the implementation of an infrastructure funding plan (IFP) in the form of the ‘Coinbase Rule.’

However, the Aserti3-2d adjustment was proposed by lead BCHN maintainer, Jonathan Toomim, and will be implemented in place of the controversial Grasberg algorithm that was recently advanced by Sechet.

In the meantime, an infrastructure funding plan recently opposed by BCHN supporters will see 8% of all newly mined BCH designated to a treasury address for grant dispersal.

As per the report, Sechet’s post comes after tensions over proposed difficulty algorithm adjustments for the protocol saw multiple individuals storm out of a developer meeting, initiating rumors that the November upgrade may result in yet another chain split for BCH.

ALSO READ :  Jack Dorsey: Africa Will 'Define' The Future Of Bitcoin

Hayden Otto, the outspoken proponent of BCH, said that the new plan for November’s upgrade resolves “the issue which was causing contention” between Bitcoin Cash’s ABC and BCHN camps.

Despite his optimism that tensions within the community will ease with the upgrade, Otto said that contributions to the IFP will remain voluntary until November, creating a “free-riding problem” where “a select few of the miners are funding everything.”

Thus, he concluded:

“It gives [miners] who don’t fund anything a competitive advantage against those who do.”

Source: Cointelegraph | Image: Uphold


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!