Bitcoin Cash to undergo a hardfork

Bitcoin Cash fork: is the new Bitcoin ABC client to come to the market?
23 October 2017   800

As reported by numerous resources, the hard-forked version of Bitcoin, Bitcoin Cash, is to undergo a  hardfork in order to make a few performance adjustments to the protocol on November 13, 2017. 

Thus, Bitprim’s Juan Garavaglia claims that in preparation for the coming hardfork, he is running tests on different adjustment algorithms for mining difficulty.

The over hyped headlines have already caused a great feedback from the community and even panic, however, Garavaglia clarifies things. According to the man, unlike the previous Bitcoin hard fork that resulted in the creation of Bitcoin Cash, this one has support and is only meant to upgrade the protocol. The algorithm, Garavaglia argues, allows difficulty to adjust faster than every 2016 blocks if miners have issues finding blocks in a timely manner.

The original intention was to allow Bitcoin Cash to survive as a minority chain by avoiding a frozen chain situation where the blocks get too slow.
 

Juan Garavaglia
Bitcoin entrepreneur, Bitprim project

Now, due to the tendency to drop mining difficulty sharply, it's possible to bring a large influx of miners looking for profit, thereby increasing difficulty just as rapidly as it fell.

So we have this situation of extremes where blocks are being mined every minute, or every few hours.  This is not what users want.  Also, Bitcoin Cash is now thousands of blocks ahead of Bitcoin and it is screwing up the coin issuance schedule.
 

Juan Garavaglia
Bitcoin entrepreneur, Bitprim project

Garavaglia also highlights that the Bitcoin ABC developers are in contact with miners and exchanges to ensure a smooth fork. And no, Garavaglia assured, this fork has nothing to do with the upcoming SegWit2X fork.

OpenBazaar Now Accepts Bitcoin Cash

Decentralized marketplace OpenBazaar added support for Bitcoin Cash Zcash (Beta) payments
08 February 2018   139

OpenBazaar is a free online marketplace and a peer to peer application that doesn’t require middlemen, has no fees and no restrictions.

The platform announced on Wednesday that it had integrated Bitcoin Cash, the cryptocurrency that forked from the main Bitcoin blockchain last year. It has also added a beta release for Zcash support.

Both currencies are added as part of the project's version-2.1 release.

With this update, users will have the option to create new nodes for processing Bitcoin Cash and Zcash (Beta) payments, respectively.

It is worth noting that the startup has raised more than $4 million to date. The investments are coming from Andreessen Horowitz and Union Square Ventures as well as industry investors like Digital Currency Group and Berlin-based BlueYard.

According to the release, more currencies and multiple currency support are on its roadmap for future releases.