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Bitcoin Cash developers want to increase the block size to 32 MB

Scaling in the Bitcoin network has been a subject of serious discussions for a long time. When Bitcoin Cash coins appeared, it seemed that this problem would be solved once and for all.

Thanks to the scaling method, BCH is the most functional version of Bitcoin. Nevertheless, in the near future there may be another major update, which will provide an increase in blocks of up to 32 MB.

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Bitcoin Cash currently supports 8 MB blocks, but this option is available for a very small number of mining pools and service providers. For example, the Antpool service just started to mine 4MB, so there is still something to strive for. If the current growth rate of the network continues, reaching blocks of 8 MB is only a matter of time.

To counter any future problems in this regard, the Bitcoin Cash developer community is  thinking  of increasing the block size to 32 MB this year.

After such a decision, the question arises whether the largest mining pools will be able to support such a block size. This is especially true for Chinese providers, which are already far behind the current scalability indicators.

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The transition to 32 MB can be considered a serious growth, and it is important to consider what impact it will have on the ecosystem of the mining companies in the coming months and years.

The deployment of a new client that supports a block size of 32 MB can occur as early as May 15 this year, although the road map says that the next update can not be completed before November 15, 2019.

Obviously, this new increase in the size of the main unit will require a certain amount of time, which will go to testing and support from the Bitcoin Cash community.

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Previously, the Bitcoin Unlimited team confirmed that it is possible for the Bitcoin network to increase the block size to 32 MB. This option was “deactivated” and the developers reported that the Bitcoin network in the near future will not use any solutions for scaling, because in the end they may be the wrong choice.

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The post Bitcoin Cash Developers want to increase the block size to 32 MB appeared first on Digital Bodha.

This post first appeared on Cryptocurrency News | Bitcoin Mining Hardware | Dogecoin, please read the originial post: here

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Bitcoin Cash developers want to increase the block size to 32 MB


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