Bitcoin Cash: Significant improvement awaits BCH network in next key upgrade $BCH BitcoinCash
, the following changes to the Bitcoin Cash network would activate in the May 15 upgrade: CHIP-2021-01 Restrict Transaction Version, CHIP-2021-01 Minimum Transaction Size, CHIP-2022-02 CashTokens and CHIP-2022-05 P2SH32.
CashTokens CHIP is viewed as a boon to economic freedom by its supporters. The upgrade will enable"advanced on-chain applications like higher-security vaults, decentralized exchanges and bridged sidechains," which are similar to Ethereum, more scalable and less expensive. This is in addition to UTXO-level token creation.In January, the project announced its major release, version 26.0.0.
The old BCHN v24.x.0 software will expire on the date of the upgrade, May 15, so BCHN users are urged to consider an update to the most recent node version before this date.Top crypto exchange Binance and its U.S. subsidiary Binance U.S. have announced support for the Bitcoin Cash upgrade.The Bitcoin Cash network upgrade is expected to take place on May 15 . According to the exchange, deposits and withdrawals of BCH will be suspended temporarily at around 11:30 a.m. UTC on May 15.
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