The planned Bitcoin Cash BCH hard fork on the network has officially been completed. The first block which was considered invalid by the older client version was noted by BitMEX Research in a tweet on November 15, the latest crypto news show.
As we can see, Fork Monitor detected that the block located at height 609,136 was actually considered invalid by the Bitcoin ABC 0.19.0 client. This block was accepted by Bitcoin ABC 0.20.6 and it was confirmed that the BCH hard fork was completed as planned.
The Bitcoin Cash news today also show that the block was mined by the BTC.com pool at 13:44 UTC, with a block size that was 0.2MB and contained 651 transactions. The older versions of Bitcoin ABC are now expected to either stick to or follow a different chain.
The BCH hard fork also imposed relatively simple consensus changes and was not expected to split the chain. Still, many analysts and community members were worrying more about the fact that the contentious Difficulty Adjustment Algorithm was not addressed properly. This is what updates the difficulty of every BCH block which is based on a moving window of the last 144 blocks or around 24 hours worth.
All of this leads to potential concerns that some miners are gaming the algorithm in order to get an advantage, as there are curious fluctuations in the Bitcoin Cash (BCH) hash rate as well as volatile difficulty.
Experts in hard forks know that under the Nakamoto consensus mechanism employed by Bitcoin Cash (BCH) and other proof-of-work protocols, the chain with the longest history would be considered to be the trusted ledger which is invalidating the rogue chain.
Meanwhile, recent reports indicate that the BCH hard fork is completed and 75% of the BCH nodes are running the latest consensus.
For those of you who don’t know, the major upgrade for Bitcoin Cash intends to incorporate at least two new features and is expected to concentrate on its consensus rules.
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The company’s press release noted that the upgrade plans have been underway for a while now.
All in all, the BCH hard fork went successful but the price of the Bitcoin Cash (BCH) cryptocurrency is still getting bad vibes and is right now trading with a 3% decline at $267.
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