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 Bitcoin.com.
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.
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.