Open-source developers behind the bitcoin money seem to stick to their word.
Following a promise made in August to change the code needed to stay competitive, the developers behind the alternative bitcoin software took a step toward following this week. In a post yesterday, developers behind one of the Bitcoin cash customers revealed that they will be looking to change the software rules via a hard fork on Nov. 1.
To be activated on November 13th, the new software will try to adjust the rules defined in the initial division with the bitcoin blockchain, which also alludes to bigger criticisms about Bitcoin Cash's economic network. In particular, the change will attempt to reverse a piece of code, called the Emergency Difficulty Adjustment Rule (EDA), intended to help Bitcoin attract minors who wish to secure its blockchain .
As Bitcoin and Bitcoin Cash both use the same data mining algorithm, miners using compatible hardware have shown a willingness to switch between networks. As such, the idea behind EDA was that the difficulty of mining could be dynamically adjusted as needed to attract miners with profits.
However, although beneficial after launch, developers believe that the rule has survived its usefulness for the network.
"This is problematic [now] because it prevents systematically quick confirmations for users, and radically alters the timing of the issuance of parts," writes the message.
In its place, a new algorithm would adjust every 600 seconds, depending on the amount of computing power provided to the network on the previous 144 blocks. The idea is that the difficulty would be adjusted quickly, in response to mining activity in real time.
According to the post, members of the development team are now in contact with exchanges, portfolios and minors in order to raise public awareness of the proposal.
Fork of image via Shutterstock