The new version of Bitcoin Cash ABC software has some incredible enhancements that we are going to discuss in today’s altcoin news. Some of the upgrades are meant to prevent chain reorganizations from happening.
This idea comes as a response to the attacks that the network has gone through after the hard fork that happened this month but also to prevent similar situations from happening again.
According to the official announcement, some of the new code will put a boundary on the effect that a chain reorganization can have on an individual client.
In the official announcement, it is written that though on different media you can see that very few miners are constantly threatening the Bitcoin Cash network by reorganizing the chain and that many see this as a fundamental threat to functionality.
The method that was used in the process of reorganizing was by changing the parameters under which the Bitcoin ABC standardized clients consider reorganizations. According to that parameters, the clients must have ‘’enough work piled up’’.
With some other improvements in this version, it will likely be more difficult to work with this chain that has another kind of a transaction record because the behavior of the clients that are usually default will no longer support such chains.
This is why with this new upgrade; users will know that transactions are immutable after 10 confirmations and that this is a protection element that will keep the reorganization from impacting users or their businesses.
However, this doesn’t mean that reorganizations will never be going to happen again. This just means that there are a lot of parameters that the clients will first consider when such reorganization happens.
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“We’ve had some bullish moves on ETH, BTC, and altcoins over the last 2 weeks. Is the bear market over? Maybe, the fact of the matter is we are going up. Traders must see PA for what it is and can change bias quickly. If you have been stuck with a bearish lense you are missing out.’’Over the past few months, Bitcoin and the other cryptocurrencies show similar movements. BTC showed weeks of stability but it later plunged by 10 percent. However, the current stability is not a guarantee for improved future performance. The crypto market shows a period of stability for the past couple of weeks. Ethereum made gains during today’s trading session. After the 12 percent surge in the price of ETH, crypto trader DonAlt said:
“Well, this is a proper moon. Not a big liquid spike but rather a nice controlled walk up. Didn’t expect quite this much action into the weekend but I’m not complaining. ETH as the top gainer on BitMEX. Right at resistance here – will be interesting if it can break through or not.”
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