Bitcoin Cash to introduce new address format

Bitcoin ABC is going to introduce new address format for Bitcoin Cash in order to avoid wrong address coins transfer
23 November 2017   1592

Due to the fact that the legacy chain (BTC) and Bitcoin Cash (BCH) share a common address format to date, it has caused confusion and resulted in some users losing their money after sending BTC to a BCH address, and vice versa. In an effort to put an end to this problem, Bitcoin ABC’s lead developer Amaury Séchet is proposing a new address format for BCH, one that will make it incompatible with the BTC chain. This is reported by The Bitcoin News.

Using a new format will prevent users from mistakenly sending money on the wrong chain. It also accept payloads up to 512 bits which ensures we can deploy more secure way of doing multiparty smart contract in the future. Finally, it uses a version field ensuring we can encode new features in these addresses in the future without having to use a new format.
 

Amaury Séchet

Lead developer, Bitcoin ABC

Thus, the new address format, called cashaddr, not only helps end the confusion. It also prepares the Bitcoin Cash system for further upgrades in the future, including multiparty smart contract.

The upgrade can be implemented easily and does not need a hard fork. Séchet is planing implementatio for January 14 —which is perfect as it avoids the Christmas holiday season, when transactions may be at its peak, while also being ahead of another holiday season, the Chinese new year which falls in February.

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   67

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.