Bitcoin Cash May Upgrade to 32MB Block Size This Spring

The initial upgrade to 32MB should kick in on May 15, 2018 followed by a subsequent upgrade deployment in November
21 March 2018   994

Bitcoin ABC, Bitcoin Cash Development team, which is also collaborating with many other cryptocurrency-related projects, has issued a report in 2017 enlisting its major goals for next 6 - 12 months, and stating that the top priority for Bitcoin Cash is to keep improving it as a great form of money. 

Developers of Bitcoin Cash claimed that they will do their best to enable enhanced features facilitating use-cases such as timestamping, representative tokens, and more complex transaction scripting.

One of the most important features that are to be implemented is the protocol upgrade when Median Time Past reaches timestamp 1526400000, which is May 15, 2018, and a subsequent upgrade for 6-months later when Median Time Past reaches 1542300000, which is November 15, 2018. Basically, that means that the initial upgrade to 32MB should kick in on May 15, 2018 followed by a subsequent upgrade deployment in November. 

Those are incredible news for the community of Bitcoin Cash, as larger block size could make it a faster and lower-fee peer-to-peer system. For sure the protocol upgrades will need solid implementation with lots of time for review and testing, and we will report about the details of the upgrades as more information comes.

Nakasendo SDK launched by Nchain for Bitcoin Cash Growth

Blockchain company Nchain has released its 1.0 version of Nakasendo software development kit (SDK) to support BCH
24 April 2018   89

Nchain underlines that the Nakasendo SDK is accessible for software programmers focusing their energy and resources relatively to bitcoin cash application and platform development.

Version 1.0 of the SDK focuses on providing a cryptographic library, to allow for a more flexible method of key generation and sharing. This cryptographic library can be used to improve security for any cryptocurrency exchange, and more broadly for controlling access to any type of digital asset or resource.
 Nchain Group, Blockchain Technologies Research and Development Company

 

Nchain points out that the Nakasendo SDK will assist Nchain port software libraries that will help programmers in designing bitcoin cash apps. The SDK designed by Nchain is to navigate the complexities of blockchain growth, and strengthen work. The London firm declares that the SDK includes two patents from the company’s intellectual property portfolio.

Although the SDK libraries will be useful for developers on any blockchain or digital platform, we want to use key elements of nChain’s patent portfolio to help benefit the Bitcoin Cash ecosystem. That is why we are providing the SDK for free usage only for applications and products that operate on the Bitcoin Cash (BCH) blockchain. The SDK is one of many tools Nchain will use to ignite the BCH blockchain, and help re-invent the business world.
Jimmy Nguyen, Nchain Group, CEO

Currently, the 1.0 version of Nakasendo is only available to a determinate group of developers and teams that have been appointed in an initial testing pool. Nchain claims that the Nakasendo SDK will be made more accessible at a later date.