New address format for Bitcoin Cash released

BitcoinABC releases new software with new CashAddr address format
16 January 2018   252

Today BitcoinABC released a new version of their software with implementation of CashAddr format. What is it and how does it work?

First of all, no it's not a fork, neither soft, nor hard, and not a new protocol. And no, there will be no change in users' public or private keys. So, with that out of the way, let's look at what did change.

If you have ever seen Bitcoin or Bitcoin Cash address, you now hw it looks like – just a sequence of numbers and letters. The new address format is just a different encoding variety, to lessen the confusion between BTC an BCH. The new Bitcoin Cash address will look like that

bitcoincash:qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a

Notice the bitcoincash prefix. That's the whole point. While it's always there, but previously may have been omitted or missing entirely, now it's an integral part of the address. While you can still use the old address format in your transactions, the developers strongly encourage users to utilize the new format, even providing the links tools for converting “legacy” to a new CashAddr style addresses, like https://cashaddr.bitcoincash.org/

Please remember to use only trusted tools, so there will be less chance to get a scam address instead of the target one.

And upgrade your wallet, most of the services will implement the changes quite fast, but it can be prudent to alert the devs about a new format, so the transition will be smoother and faster.

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   80

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.