Bitcoin Cash (BCH) has surged 28% in the last 24-hours making its entry back in the top-ten crypto list.
The Bitcoin Cash upgrade was successfully added to the blockchain on May 15, introducing a range of new features aimed at improving users' overall experience. This release marks the beginning of a new upgrade schedule that will allow developers to spend more time to testing new network features in the future.
Some of the key changes introduced in this new upgrade:
Contributed enhancements aimed at improving the user experience. Changes focused on improving the user and merchant experience on using BCH for online payments or in-store payments.
Provide improved protection against double-spending. The double-spend implementation will improve overall security to deal with high-volume high-value transactions.
With the new rules, 82 blocks have been mined. Increased mining blocks with a default size limit of 8MB.
In contrast to how things were done previously, this upgrade refers to a new era in how developers manage protocol updates.
When it comes to installing updates, Bitcoin Cash has had a turbulent history. Last year, the network faced a contentious hard split when Bitcoin ABC, the most powerful node, proposed a new ruleset.
However, developers have realized these issues and are counting on a more off-centered, independent development approach with CHIPs at the center. CHIPs are currently the go-to structure for proposing modifications, gaining consensus on whether to allow or reject them, and avoiding the issues that come with centralized development.