Bitcoin Cash Upgrades Network on May 15th; Published Recommendations and Instructions

Bitcoin Cash Upgrades Network on May 15th; Published Recommendations and Instructions

The latest upgrade in the Bitcoin Cash network will happen on May 15th. All of the individual and enterprise users in the network should be ready for the upgrade.The nodes and software have to check their compatibility before the upgrade date so that no disorder happens for the users. All the details and procedures for the upgrade are published on BCH official website. Bitcoin Cash planned network upgrade is approaching fast.

“On May 15th the #BitcoinCash protocol will undergo its 6th scheduled upgrade. Avoid getting your node stuck on the 15th and upgrade your full node software today!” tweeted Bitcoin Cash.

Scheduled Updates Aiming at More Reliable Network

Bitcoin Cash upgrades on the protocol happen periodically based on a roadmap. The protocol upgrades happen twice a year on November 15th and May 15th. Some of the upgrades are hard fork, but the majority are just protocol upgrades. The Bitcoin Cash community relies on scheduled upgrades as tools to ensure the scaling and reliability of the network.

bch fork

Bitcoin Cash Scheduled upgrades are divided into three main categories: Scaling, usability, and extensibility. The scheduled upgrades are not based on block height but on timestamp.

“When the median timestamp of the most recent 11 blocks (MTP-11) is greater than or equal to UNIX timestamp of November 15th (or May 15th) 12:00:00 UTC, the new protocol rules take effect. This better enables your business to prepare for the upgrade at a particular estimated time, plus or minus a few hours,” according to Bitcoin Cash.

The upcoming upgrade on May 15th is compatible with Bitcoin ABC 0.21.x and BCHD 0.16.0. Developers can now test the compatibility of their products on a testnet that includes future upgrades. Node implementations, wallets, business projects, and all the services that are built on Bitcoin cash can use the testnet to validate their products with the new features.

Some of the new features of May 15th upgrade in Bitcoin Cash protocol are as follows:

  • SigOps counting and the limiting system is replaced by a new system, SigChecks.
  • A new opcode called OP_REVERSEBYTES has been added to the script system.

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