“The difficulty is adjusted each block, based on the amount of work done and the elapsed time of the previous 144 blocks,” explains the Bitcoin ABC development team.
I just read up on this and it looks like a "peaceful hard fork" with no new altcoin being created. I am confused would that not be called a soft fork?
Topic: [2017-11-14] Bitcoin Cash Network Completes a Successful Hard Fork (Read 1445 times)
November 14, 2017, 01:54:45 AM
November 14, 2017, 01:42:33 AM
For all the old timers, it is really getting difficult to keep a track of all the coins you have - there is Bitcoin, Bitcoin Gold, Bitcoin Cash-1, Bitcoin Cash-2. And all this is in spite of the Segwit2x hard fork not happening. If you have a wallet where you keep transacting all the time, you are just going to lose these coins.
November 14, 2017, 01:18:37 AM
At approximately 4 pm EDT at block height 504031, the Bitcoin Cash (BCH) network successfully hard forked. The fork is a change to the decentralized currency’s consensus rules and aims to upgrade the network’s Difficulty Adjustment Algorithm (DAA).
The Bitcoin Cash Network Has Successfully Hard Forked
November 13 is a memorable day for bitcoin cash supporters, as the network is forking in order to fix the BCH blockchain’s DAA. The primary development teams who have been working on the bitcoin cash protocol consensus change include Bitcoin ABC, Unlimited, Nchain, and XT developers. The original DAA applied to the BCH network allowed the currency to thrive but also produced wild hashrate fluctuations. After several DAA proposals were researched and tested by the above-mentioned development teams, the community chose to implement a DAA proposal from Bitcoin ABC’s lead developer Amaury Sechet.
The new BCH consensus change hopes to adjust the difficulty to hashrate to target a mean block interval of 600 seconds. Alongside this, the DAA aims to make sudden difficulty drops and spikes avoidable. For instance, the network will adjust difficulty rapidly when the hashrate changes exponentially, while also avoiding feedback oscillations. Sechet’s DAA is based on a 144-period simple moving average according to the ABC team.
“The difficulty is adjusted each block, based on the amount of work done and the elapsed time of the previous 144 blocks,” explains the Bitcoin ABC development team.
More details: https://news.bitcoin.com/bitcoin-cash-network-completes-a-successful-hard-fork/
The Bitcoin Cash Network Has Successfully Hard Forked
November 13 is a memorable day for bitcoin cash supporters, as the network is forking in order to fix the BCH blockchain’s DAA. The primary development teams who have been working on the bitcoin cash protocol consensus change include Bitcoin ABC, Unlimited, Nchain, and XT developers. The original DAA applied to the BCH network allowed the currency to thrive but also produced wild hashrate fluctuations. After several DAA proposals were researched and tested by the above-mentioned development teams, the community chose to implement a DAA proposal from Bitcoin ABC’s lead developer Amaury Sechet.
The new BCH consensus change hopes to adjust the difficulty to hashrate to target a mean block interval of 600 seconds. Alongside this, the DAA aims to make sudden difficulty drops and spikes avoidable. For instance, the network will adjust difficulty rapidly when the hashrate changes exponentially, while also avoiding feedback oscillations. Sechet’s DAA is based on a 144-period simple moving average according to the ABC team.
“The difficulty is adjusted each block, based on the amount of work done and the elapsed time of the previous 144 blocks,” explains the Bitcoin ABC development team.
More details: https://news.bitcoin.com/bitcoin-cash-network-completes-a-successful-hard-fork/
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