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Bitcoin Cash faced a network upgrade on May 15, 2019, at 5:30 PM UTC, which was scheduled a few weeks ago to implement security and privacy to the blockchain.
The official blog of Bitcoin Cash informed about the network update on May 01. The update was completed and activated as of block 582680. The new updated version of the blockchain is Bitcoin ABC 0.19.4
It was noticed that no blocks were found after 582680; the network was stuck without the production of any blocks. The second block, after the update, took about half an hour to be produced.
Source: Cash.Coin.Dance
BitMEX research also posted a tweet about the same:
The Bitcoin Cash May 2019 planned hardfork has occurred
Bitcoin ABC 0.18.2 is stuck on block 582,679, after 6 blocks with a timestamp after 12:00 UTC. Bitcoin ABC 0.19.4 and Bitcoin ABC 0.19.0 continue forwards.https://t.co/U9hbK4peip@Bitcoin_ABC pic.twitter.com/c8TMQzMC6W
— BitMEX Research (@BitMEXResearch) May 15, 2019
In the updated tweet, BitMEX Research stated that the Bitcoin ABC 0.18.2 was “reporting the chain as invalid from block 582,680.”
Source: BitMEX Research
However, at press time, 9 blocks were produced according to “Cash.Coin.Dance“. Bitcoin.com tweeted about the upcoming update:
In a few minutes, the #BCH network upgrade will take place.
Get ready to tick off another goal on the #BitcoinCash roadmap: Schnorr signatures! 🎆
Learn more in this simple summary: https://t.co/SpN8DJ7UXL
See the countdown here: https://t.co/hfa5dht0kc#BCHupgrade pic.twitter.com/GJBx8pxT4a
— Bitcoin News (@BTCTN) May 15, 2019
This article will be updated as the story develops.