Bitcoin Cash to change the address

New address format was proposed by Amory Sechet from Bitcoin ABC in October 2017
22 December 2017   510

The ecosystem of Bitcoin Cash (BCH) is being prepared for the "Address Change Day", which is scheduled for January 14 next year. This is written by

The Bitcoin Cash network and companies supporting this crypto currency will switch to the new Cashaddr address format, based on the Bech32 code base. It was proposed by the Bitcoin ABC developer Amory Sechet in October this year and, in particular, is designed to prevent Bitcoin Cash from sending to bitcoin address.

Also, the new format will provide the possibility of implementing a number of improvements and new functions in the protocol. For example, Cashaddr will create conditions in the future for the implementation of the concept of evidence with zero disclosure (Zero-Knowledge Proof) in the Bitcoin Cash network. In addition, new addresses will create conditions for implementing improved checksums and QR encoding.

In order to reduce confusion for users with the use of different addresses, I think it is important to deploy this shortly and stop the fragmentation of the ecosystem. Deploying such a change on the network will take some time for all the wallets, exchanges and merchants to upgrade. We will support Bech32 for bitcoin cash on January 14th. We’ll provide a simple converter as well so users can convert the deposit address to the current format — Withdrawals will work to both formats.

Amory Sechet

Developer, Bitcoin ABC

The developers of the Blockchair blockchain, the Openbazaar project, Stash, Edge and Electron Cash wallets have already started preparing for the transition to the new address format. Also on the support of Cashaddr reported P2P-platform BTCpop.

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   73

Rising interest in Bitcoin Cash has made a big impact on cryptocurrency market and service providers alike. The rising exchange rates and more widespread support on exchange platforms contributes to the fact. And this can;t be ignored by companies involved in Bitcoin ATM business. They wouldn't want to be left on the side in such a quick-rising market. So Athena Bitcoin took a logical step and added support for Bitcoin Cash to their ATMs.

In the case of Athena Bitcoin, it's an interesting step because of many reasons. The don't plan to drop Bitcoin anytime soon, so it's just an expansion of bases, rather than a complete turnover. Also added support will be interesting to statistics, because Athena's widespread coverage in several US states will allow to see, whether or not BCH is more popular than BTC in some states.

Bitcoin Cash support will also allow for BCH to fiat conversion with two-way machines available in Athena's network. Added competition doesn't thrill Bitcoin Core community, but BCH enthusiasts are quite happy with this situation.

So far Athena Bitcoin is one of the first providers to give such opportunity to the masses, so it would be interesting to see if other ATM networks will follow the example. Decisions like that are always more than a little controversial so we'll have to wait and see if it pays off.