{"id":10887,"date":"2023-04-13T17:28:05","date_gmt":"2023-04-13T17:28:05","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10887"},"modified":"2025-02-18T16:04:41","modified_gmt":"2025-02-18T16:04:41","slug":"bitcoin-cash-hard-fork","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-cash-hard-fork","title":{"rendered":"The Planned Network Update for a Bitcoin Cash Hard Fork is coming up"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-cash-hard-fork\/#about_the_bitcoin_cash_hard_fork\" >About the Bitcoin Cash Hard Fork<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-cash-hard-fork\/#why_a_bitcoin_cash_hard_fork_may_occur\" >Why a Bitcoin Cash Hard Fork may occur?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/bitcoin-cash-hard-fork\/#what_will_happen_with_the_bitcoin_cashs_hard_fork_and_what_improvements_will_it_bring\" >What will happen with the Bitcoin Cash\u2019s Hard Fork and what improvements will it bring?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><div id=\"row-641666120\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"about_the_bitcoin_cash_hard_fork\"><\/span><span data-line-height=\"xl\"><b>About the Bitcoin Cash Hard Fork<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-454465933\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>A few weeks ago the\u00a0<b>Bitcoin Cash network (BCH)<\/b>\u00a0announced,\u00a0<b><i>for next November 15th, a Planned Network Update<\/i><\/b>, which will be reflected in some protocol modifications.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1587936274\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-4449 ls-is-cached lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2018\/11\/planned-network-bch.png\" alt=\"Actualizaci\u00f3n planificada Bitcoin Cash\" width=\"1133\" height=\"716\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2018\/11\/planned-network-bch.png\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1450337426\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h3><span class=\"ez-toc-section\" id=\"why_a_bitcoin_cash_hard_fork_may_occur\"><\/span><b>Why a Bitcoin Cash Hard Fork may occur?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-395875721\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>As happened with Bitcoin, on August 1, 2017, there was a division in the community on whether or not to increase the size of the block.<\/p>\n<p>This\u00a0<b><i>lack of consensus\u00a0<\/i><\/b>resulted in a\u00a0<b>Hard Fork of the Bitcoin blockchain<\/b>, which later gave birth to Bitcoin Cash.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1406106225\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<blockquote><p><i>If you want to know more about\u00a0<\/i><b><i>what is and what caused the Bitcoin blockchain Hard Fork<\/i><\/b><i>, from which Bitcoin Cash was born, do not miss the article dedicated to this interesting topic:\u00a0<\/i><a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-hard-fork\/\"><i>What is a Hard Fork and \u00a0what effects it produces<\/i><\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1684594912\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>Right now the BCH community faces a similar situation, due to a\u00a0<b>lack of consensus<\/b>\u00a0between the two development teams of\u00a0<b><i>Bitcoin ABC<\/i><\/b>\u00a0and\u00a0<b><i>Bitcoin SV<\/i><\/b>, in relation to the future of BCH\u2019s blockchain,\u00a0<b><i>which could lead<\/i><\/b>, on November 15,\u00a0<b><i>to a split of the network<\/i><\/b>\u00a0in the block\u00a0<i>1542300000<\/i>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-728695204\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner text-center\">\n<div id=\"image_475469771\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img decoding=\"async\" class=\"attachment-large size-large lazyloaded smush-detected-img smush-image-2\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin.jpg\" sizes=\"(max-width: 670px) 100vw, 670px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin.jpg 670w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin-300x201.jpg 300w\" alt=\"lack of consensus bitcoin Bitnovo\" width=\"670\" height=\"449\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin.jpg 670w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin-300x201.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/02\/lack-of-consensus-bitcoin.jpg\" data-sizes=\"(max-width: 670px) 100vw, 670px\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-688807628\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>This means that, in the case of a Bitcoin Cash Hard Fork and the split of its blockchain, a new chain, independent of the old one, and a new token will be created.<\/p>\n<p>In this case,\u00a0<b>all BCH holders<\/b>\u00a0will not only maintain their BCH tokens, they\u00a0<b>will also obtain an equivalent token amount of the new cryptocurrency<\/b>\u00a0created with the fork.<\/p>\n<p>As a result, we are witnessing a great debate and growing concern, since the Hard Fork could affect the price of both tokens.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1419206442\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h3><span class=\"ez-toc-section\" id=\"what_will_happen_with_the_bitcoin_cashs_hard_fork_and_what_improvements_will_it_bring\"><\/span><b>What will happen with the Bitcoin Cash\u2019s Hard Fork and what improvements will it bring?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-326776901\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-4469 lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2018\/11\/bitcoin-cash-hardfork-november.jpg\" alt=\"Bitcoin Cash Hard Fork\" width=\"950\" height=\"446\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2018\/11\/bitcoin-cash-hardfork-november.jpg\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-396663406\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><span data-line-height=\"xl\">In case you missed it,\u00a0<\/span><b><i>the Bitcoin Cash community has already executed two important Hard Forks\u00a0<\/i><\/b><span data-line-height=\"xl\">(the first on\u00a0<\/span><a href=\"https:\/\/www.bitcoinabc.org\/2017-11-01-DAA\/\" data-line-height=\"xl\">November 13th, 2017<\/a><span data-line-height=\"xl\">\u00a0and the second on\u00a0<\/span><a href=\"https:\/\/www.bitcoinabc.org\/2018-04-01-upgrade\/\" data-line-height=\"xl\">May 15th, 2018<\/a><span data-line-height=\"xl\">) to improve the mining algorithm (EDA) by a new one denominated\u00a0<\/span><i>Difficulty Adjustment Algorithm<\/i><span data-line-height=\"xl\">\u00a0(DAA)\u00a0<\/span><i>and to increase the maximum block size to 32 MB<\/i><span data-line-height=\"xl\">.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1679065888\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>With the Planned Network Update of November 15th, the Bitcoin Cash network has announced the following improvements:<\/p>\n<p><b>Bitcoin ABC<\/b>, in its platform, announces the integration of new features such as:<\/p>\n<ul>\n<li><b><i>A new opcode called OP_CHECKDATASIG<\/i><\/b>\u00a0that improves the BCH scripting language to permit the validation of messages from outside the blockchain. This will enable uses such as the use of oracles and cross-chain atomic contracts.<\/li>\n<li>The\u00a0<b><i>introduction of canonical transaction ordering<\/i><\/b>. This is a technical building block that lays the foundation for massive scaling improvements in the future.<\/li>\n<li>Several minor technical fixes and improvements.<\/li>\n<\/ul>\n<p><b><i>Source of the official announcement:\u00a0<\/i><\/b><b><i>Bitcoinabc.org<\/i><\/b><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-397011540\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><b>Bitcoin SV\u00a0<\/b>endorses the returning to some technical characteristics of the original Bitcoin network and announces the following:<\/p>\n<ul>\n<li><b><i>It will replace the Bitcoin ABC scripts<\/i><\/b>\u00a0with its own<\/li>\n<li><b><i>It will increase the Bitcoin Cash block size<\/i><\/b>\u00a0from its current 32MB to a maximum of 128MB.<\/li>\n<\/ul>\n<p>We remind that\u00a0<b><i>Bitcoin SV<\/i><\/b>\u00a0(Bitcoin Satoshi\u2019s Vision)\u00a0<b><i>is a new full node implementation of the BCH protocol<\/i><\/b>.<\/p>\n<p>Launched by the company NChain and\u00a0<b><i>designed to comply with the original vision of Satoshi<\/i><\/b>, Bitcoin SV\u00a0<i>is focused on scalability\u00a0<\/i>and to secure the 0-conf protocol (zero confirmations) and, therefore, is incompatible with the implementation of Bitcoin ABC .<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-1518636566\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p><b>Bitcoin Unlimited\u00a0<\/b>has already been prepared to implement the Bitcoin ABC and Bitcoin SV changes, allowing miners to vote for the features they want.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"row-254525952\" class=\"row row-collapse row-full-width align-equal align-center\">\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>With this news we hope to have aroused your curiosity and if you are a Bitcoin Cash holder, in the case of Hard Fork, we advise you to be aware of the notices and updates posted on the\u00a0<a href=\"https:\/\/www.bitcoinabc.org\/2018-08-20-announcing-bitcoin-abc-0-18-0\/\">BitcoinABC.org<\/a>\u00a0and\u00a0Bitcoin.com\u00a0portals.<\/p>\n<p>Here is the complete\u00a0<a href=\"https:\/\/www.bitcoinabc.org\/2018-07-05-nov-hardfork-timeline\/\"><b>November Upgrade Timeline<\/b><\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>About the Bitcoin Cash Hard Fork A few weeks ago the\u00a0Bitcoin Cash network (BCH)\u00a0announced,\u00a0for next November 15th, a Planned Network Update, which will be reflected in some protocol modifications. Why a Bitcoin Cash Hard Fork may occur? As happened with Bitcoin, on August 1, 2017, there was a division in the community on whether or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-10887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10887"}],"version-history":[{"count":1,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10887\/revisions"}],"predecessor-version":[{"id":21292,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10887\/revisions\/21292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8196"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}