Bitcoin-Cash (BCH) Upgrading to 32mb + Smart Contracts Blocks tomorrow !

[GeePeeU]

This is going to be a huge performance increase for the Bitcoin-Cash network. From 8mb blocks to 32mb blocks, and reactivating OP_Codes that will enable smart-contracts on chain.


This will effectively 4x the potential transactions in a block, enable asset creation, and give way to more micro-transactions.


It's going to be very exciting to see what happens.

[GeePeeU]

You can get a little more info here.

https://old.reddit.com/r/btc/comments/8i8j89/get_ready_bitcoin_cash_is_upgrading_on_may_15th/

[GeePeeU]

Platforms likehttps://memo.cash/ are going to be able to do so much more.

[siddartha1492]

Didn't knew that BCH can upgrade block size anytime it wanted. That means theoretically scaling will never be issue as thay can keep increasing the block size as per the transaction load. And smart contracts! Does that mean ETH has a new rival?

[GeePeeU]

Didn't knew that BCH can upgrade block size anytime it wanted. That means theoretically scaling will never be issue as thay can keep increasing the block size as per the transaction load. And smart contracts! Does that mean ETH has a new rival?

Yup, When satoshi drew out the block size, he did so looking at the current users, and moore's law. The block size was always meant to be upgraded as adoption and computing power progressed.So ya, Scaling will never really be an issue in the foreseeable future.

And also correct. Bitcoin-Cash (BCH) will have smart contract capability that will compete with Eth.

[makishart]

Didn't knew that BCH can upgrade block size anytime it wanted. That means theoretically scaling will never be issue as thay can keep increasing the block size as per the transaction load. And smart contracts! Does that mean ETH has a new rival?

Yup, When satoshi drew out the block size, he did so looking at the current users, and moore's law. The block size was always meant to be upgraded as adoption and computing power progressed.So ya, Scaling will never really be an issue in the foreseeable future.

And also correct. Bitcoin-Cash (BCH) will have smart contract capability that will compete with Eth.

So, can you tell me what makes BCH will try to implement the smartcontract and what's the motivation behind it? So many new platforms are doing the same like bitcoin cash just like Waves, ADA, EOS, and many more. Can't all of them to be considered a competitor to the bitcoin cash?

[blue_skiy]

Helpful guide to BCH
https://wikicryptocoins.com/currency/Bitcoin_Cash

[GeePeeU]

Didn't knew that BCH can upgrade block size anytime it wanted. That means theoretically scaling will never be issue as thay can keep increasing the block size as per the transaction load. And smart contracts! Does that mean ETH has a new rival?

Yup, When satoshi drew out the block size, he did so looking at the current users, and moore's law. The block size was always meant to be upgraded as adoption and computing power progressed.So ya, Scaling will never really be an issue in the foreseeable future.

And also correct. Bitcoin-Cash (BCH) will have smart contract capability that will compete with Eth.

So, can you tell me what makes BCH will try to implement the smartcontract and what's the motivation behind it? So many new platforms are doing the same like bitcoin cash just like Waves, ADA, EOS, and many more. Can't all of them to be considered a competitor to the bitcoin cash?

Smart-Contracts capability was always in the sights for Bitcoin. But since Full 1mb blocks and off chain solutions don't accommodate smart-contracts, those devs have gone to BCH.

Bitcoin-Cash is already adopted all over the place. From Bitpay, to brick and mortar retailers, and memo.cash. BCH is also on a lot of exhanges, and with fair volume. So liquidity is there. and With 32mb blocks, there will be ample head-room for more services and platform to be built upon while retaining a little-to-nothing transaction fee, and 0-confirmation security.

The implementation of Smart-Contracts via OP_codes on Bitcoin Cash is done far more simplistically than Ethereum does it, so I don't really expect to see any bugs.

[GeePeeU]

I wonder if BCH can fill a block tomorrow. 32mb is a lot of transactions to do in 15 minutes.

[GeePeeU]

Any guesses as to what will be the first platform to utilize Bitcoin-Cash Smart Contracts?

[Hamukione]

We don't appreciate spammers in our Signature Campaign.

[GeePeeU]

We don't appreciate spammers in our Signature Campaign.

Sorry you suspected me of spamming the Signature campaign.

What a shame that it started the day before the BCH upgrade that I am excited about.

Excuse me for provoking thoughts and attention.

You will see from my continued posting, It wasn't your signature campaign that was my focus once so ever. I just figured I'd carry it since I enjoyed your community.

[Way2Paradise]

it looks like bitcoin cash is fast moving forward. did not think that the project would develop so well.

i'll keep an eye on bitcoin cash and maybe invest something in it.

[BrentMack]

Despite being a fork it does look like bitcoin cash is making a lot of good moves and at this point it does look like it is the fastest growing altcoin in the maretk. No one expected it to do as good as it is being worked on day and night. Bitcoin cash now is a very good altcoin to put your money in now.

[aleksnutis]

This is going to be a huge performance increase for the Bitcoin-Cash network. From 8mb blocks to 32mb blocks, and reactivating OP_Codes that will enable smart-contracts on chain.


This will effectively 4x the potential transactions in a block, enable asset creation, and give way to more micro-transactions.


It's going to be very exciting to see what happens.

I sold all my BCH when the exchanges started to delisting it and I bought the ETP. The BCH is riding well on the slides, but I didn't need such risks. Maybe this news will give good growth.