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Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The Bitcoin Cash community has been patiently waiting
for weeks for the November 15, 2020 upgrade and the day is finally
here. Every six months the Bitcoin Cash network upgrades, but this
time around, a conflict sparked over Bitcoin ABC’s Infrastructure
Funding Plan (IFP). During the course of the day, the following
editorial will be monitoring the Bitcoin Cash upgrade in real-time
so our readers can be kept up to date.

Shortly after 12:00 p.m., UTC on November 15, 2020, Bitcoin Cash
experienced a scheduled upgrade. Bitcoin Cash developers from
various full node projects changed the Difficulty Adjustment
Algorithm (DAA) to a new DAA called ‘aserti3-2d
(or ‘ASERT’ for short).

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The aserti3-2d Github description details that people can get a
“high-level description of the motivation and background” for
ASERT by reading the programmer
Jonathan Toomim’s read.cash article
. Specifications for ASERT
can be read here
on the Bitcoin Cash upgrade specifications web
portal
.

As usual, Bitcoin Cash supporters watched the upgrade in
real-time by leveraging the web portal Coin Dance. The website has
maintained a countdown clock for the upgrade, information,
and it displays three full node software clients in three separate
sections. Additionally, the fork monitor operated by
the derivatives exchange Bitmex has also been monitoring the
fork.

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now Complete

The data shown on Coin Dance includes the full node clients’
Bitcoin Unlimited,
Bitcoin Cash Node
(BCHN)
, and Bitcoin ABC. Coin Dance stats say BCH Unlimited 1.9.0.1
will follow the longest chain. Bitcoin Cash Node (BCHN) 22.1.0 will
follow the longest chain, unless the 10-block re-org protection is
violated. Bitcoin ABC 0.22.4 will follow the chain that complies
with the Infrastructure Funding Plan (IFP).

Because Bitcoin ABC stuck with implementing the IFP, it is
expected to produce two incompatible networks. Every full node
client, except for ABC’s IFP version, will be agreeing on the
same rules. Bitcoin cash (BCH)
users should see a smooth transition, but they may see an
airdropped coin if miners decide to mine the ABC software that
introduces the controversial IFP mechanism.

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now CompleteAt 9:12 a.m. EST, the last
common block prior to the fork was mined at block height 661,647 by
the mining pool Binance.

At approximately 6:55 a.m. EST, at Bitcoin Cash (BCH)
block height 661,641 the upgrade was initiated. Following block
661,641, six more blocks needed to be mined for the upgrade to go
live on the network. The last Bitcoin Cash common block was at
block height 661,647 and was mined by Binance.

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now CompleteAt 9:20 a.m. EST, Block
661,648 was mined by the mining pool Antpool.

The live stream crypto show hosted by Collin
Enstad
will be broadcasting live today on November 15 with
Mike Komaransky and
the show will be covering
the airdrop
all day on Youtube with a number of special
guests.

Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now CompleteA visual of the split at
block height 661,648 via the Bitmex fork monitor.

News.Bitcoin.com readers can check out prior articles on this
subject
here
,
here
,
here
, and this article
here
. Those editorials not only explain the situation at hand
but also wallet and exchange contingency plans. A number of wallets
and exchanges plan to support both tokens in the event of a split,
while other third-party services have revealed only supporting one
side.

During the morning hours before fork activation, the crypto
trading exchange Coinex changed the futures market from BCHN and
BCHA to BCH
and BCHA to represent the split. At the time of publication, spot
prices for Bitcoin Cash (BCH) on Coinex are
$243 per
unit
while ABC’s airdrop token is $15.82 per unit. On
Poloniex the ABC airdrop is swapping for $14 against USDT pairs, and on
Coinflex ABC is trading for $11 per
unit
.

Software developer Christ Troutner announced
the launch of a website that hosts a splitting tool and the alpha
web-based tool at splitbch.com
will be available after the upgrade is settled. Troutner also
published a demo of the
splitbch splitting tool on Youtube.

What do you think about the completion of the Bitcoin
Cash upgrade and the split? Let us know what you think about this
subject in the comments section below.

The post
Hash Watch: The Highly Anticipated Bitcoin Cash Fork Is Now
Complete
appeared first on Bitcoin News.

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Translator / 翻译者 / Traductor