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On May 15th, 2022, Bitcoin Cash will undergo a technical upgrade to further expand its virtual machine (VM) contracting capabilities. The upgrade will enable a variety of new financial products and services by:
Supporting arithmetic operations on significantly larger numbers. An expanded arithmetic range will allow contracts to manage very large balances with full precision, enabling contract-based treasuries and improving the efficiency of existing contract designs.
Adding new operations, including native introspection operations. These new operations will enable the development of far more secure wallets, efficient recurring payments, and more.
This upgrade has been discussed, developed and reviewed by a large consortium of companies, development teams, and independent developers - including all existing node software teams. As of November 15, 2021, deliberation has concluded without contest, and the upgrade will activate on May 15, 2022 without a network split.
The Bitcoin Cash Node (BCHN) software will include support for the 2022 Bitcoin Cash upgrade in its upcoming release v24.0.0.