The planned hard fork update seems to be painful for the Bitcoin Cash network, mainly because of the difficulties that it experienced processing transactions. According to the cryptocurrency exchange BitMEX, the difficulties are evident and present in the altcoin news after BitMEX tweeted them on May 15.
It all started when the Bitcoin Cash network began to experience issues while waiting the expected fork at block 582,680. At the time, there were issues with transactions and BitMEX said that the number of transactions per block was low – as low as 0 in the last 9 blocks starting at block 582,687.
“It appears as if there may be a problem with the Bitcoin Cash network hardfork upgrade, the number of txs per block is low (0 in the last 9 blocks, other than the coinbase txn). Our mempool has 1622 txs,” the tweet noted.
A few hours after that, there was a new update regarding the Bitcoin Cash network which stated:
“The last two blocks have started to include transactions again. It is possible miners have applied a patch and fixed the issue.”
New data from CoinDance was shared on many best cryptocurrency news sites, showing that the greatest number of blocks mined after the upgrade were only processing transactions on Coinbase. The Bitcoin Cash network’s mempool, according to BitMEX, had 1,622 transactions. After many comments from the community regarding empty blocks, the developers have apparently released a patch to fix the bug.
In April this year, we reported that Bitcoin SV – which is the result of a hard fork of Bitcoin Cash last November – was struggling with its large block size after a series of block re-organizations. Aside from the current Bitcoin Cash network issues, BitMEX then explained that it detected two valid competing chains with a split occurring at block 578,639.
At the time, BitMEX’s node apparently followed the chain on the left until block 578,642 which leapt to the right. In about an hour, the chain jumped back to the left side and BitMEX noted that no double spending took place.
The latest cryptocurrency news show that besides this, Bitcoin Cash (BCH) is recording gains of 7% and is now trading at $413 with a market cap of $7.3 billion.
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