The BCH core development team Bitcoin ABC has done two things recently: announced the new client Bitcoin ABC 0.22.0 and announced the establishment of the BCH Global Council.
Bitcoin ABC 0.22.0
On August 18, Bitcoin ABC, the core development team of BCH, announced the new client Bitcoin ABC 0.22.0, which was upgraded on November 15. The functions of this version have been frozen, and two main functions will be added: ASERT DAA and coinbase reward rules.
The improvements of this version mainly include the following aspects:
The new difficulty algorithm ASERT is adopted. The biggest advantage of this algorithm is that the BCH block time is stabilized at about 10 minutes, which is not friendly to the machine gun pool, but it can increase the profit of honest miners by 6%.
Canceling the restriction on unconfirmed transactions. The main solution to the removal of the restriction on unconfirmed transactions is the problem of transaction delays. For enterprises, more potential profits can be obtained. For users, a better user experience can be obtained.
Coinbase reward rules The new version will use 8% of the block reward as BCH infrastructure development funds to solve the problem of BCH development funding difficulties.
Adaptive blocks will make blocks flexible so that the network can gradually expand to meet the needs of global currencies, instead of fixing block size restrictions through codes.
The avalanche protocol Through pre-consensus, allows transactions to be confirmed within a few seconds. The avalanche protocol (Avalanche) enables nodes to communicate in real time, and nodes can better identify transactions. This adds security to BCH transactions and avoids double-spending attacks.
BCH Global Council
Key elements of the BCH Global Council announced by Bitcoin ABC, BCH's core development team, include.
Coinbase rewards are mainly divided into two parts, one is to fund the development of the BCH basic protocol, and the other is to fund the development of the application protocol. Bitcoin ABC is currently responsible for the development of the basic protocol. 50% of the funds will be allocated to the basic protocol development team. The use of funds is determined by the Bitcoin ABC team. The other 50% will be used to fund the development of application protocols, and the use of funds will be decided by large miners and large households. In January 2021, Bitcoin ABC will hold the first Global Network Council.
BCHN new version 22.0.0
On August 18th, BCHN, a rookie from the BCH full-node development team, also announced the new version 22.0.0. This version implements the technical features of the network upgrade on November 15, 2020, including the ASERT difficulty algorithm, improved technical documentation, bug fixes and performance improvements. But does not include coinbase reward rules.
BU new version 1.9.0.0
On August 24, BCH Unlimited (BU), another important full-node development team of BCH, released a new version of BCH Unlimited 1.9.0.0. Compatible with BCHN, but also does not include coinbase reward rules.
bch.info is online
This website will be used to promote cooperation and provide various BCH related information such as available node software, wallets, development tools and pending updates.
At present, the domain name of this site is managed by imaginary_username, and the management will be handed over to a new organization that participates in BCH stakeholders, and finally a permissionless governance mechanism will be created for maintenance, in order to be closer to people's needs.
At present, there are some differences between Bitcoin ABC and other full-node development teams. The difference between the version planned to be upgraded on November 15th is mainly the coinbase reward rules. The differences between the two parties have a long history and seem to be difficult to reconcile.
