Bitcoin Cash to increase block size on May 15

The new hard fork of cryptocurrency Bitcoin Cash (#4 on Coinmarketcap at the press time) will increase the size of the typical block in the blockchain to 32 MB. Previously it was 8 MB.

This is not going to affect the work of miners or users, but node operators are advised to upgrade to Bitcoin ABC 0.17.1 or it equivalent. No new digital currencies will emerge from this structural enhancement, or at least this has not been mentioned in the news.

The hard fork will activate once the median timestamp of the most recent 11 blocks reaches or surpasses 1526400000, this is expected to happen on Tuesday May 15.

SegWit2x, another fork of Bitcoin, the origin cryptocurrency Bitcoin Cash, had a feature of increase of the block from 1 MB to 2 MB which has met a strong resistance from Bitcoin conservative enthusiasts. The update has never seen the light of day. Bitcoin Cash supporters chose another way and increased the block firstly from 1 MB to 8 MB, and now they want to quadruple the size. Time will show if this optimization proves useful. Comments under the news on this hard fork are occupied with Bitcoin fans who demonstrate they sometimes can be no better than their opponents who claim Bitcoin Cash was a real Bitcoin.

Image: Cryptocurrency News