What Next After Successful Bitcoin Cash Upgrade?

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bitcoin cash

Four days have passed since two major historical events took place in the cryptocurrency market. These were the upgrade of Bitcoin Cash as well as the blockchain split that occurred on the 15th of November. The upgrade involved re-enabling Satoshi Nakamoto’s OP_codes that had been disabled.

A lot has happened since the hard fork went down within the Bitcoin Cash ecosystem. One notable milestone would be the move by some few exchanges to list both the chains as separate coins.

The Successful BCH Upgrade

For many observers in this vast crypto market, the Bitcoin Cash hash war that occurred on the 15th of November has been much of a spectacle. It has been nearly four days since the split. As a result of that, both of the chains are currently being mined by different mining bodies.

Bitcoincash.org was the first to notify the public of the successful BCH upgrade. This was contained in an announcement that was published on the site on Monday, 19th November. The network went ahead to state that the proposed features that Bitcoin ABC team developed were successfully intergraded. There were also several new functionalities that were contained in the new upgrade.

Highlights From The Fork

The fork has led to the introduction of several new functionalities that would work for the benefit of the crypto users. Some of the highlights from the hard fork include the new introduction of CTOR, an abbreviation for Canonical Transaction Ordering. The others are the enabled OP_CHECKDATASIGVERIFY and OP_CHECKDATASIG opcodes.

In addition to that, there is also a new enforced minimum size of a transaction, an automatic repay protection for later upgrades, as well as a push only rule for Script-Sig. CTOR is part of a huge technical roadmap and it enables swift transaction ordering as well as block propagation. This is how Bitcoin Cash was scaled to the world.

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Exchanges Complying To The New Directive

On top of the announcement that was done on Monday, 19th November, there are still other more important things. There are certain exchanges that have begun to reveal the chain listing announcement. For example, Voltaire, which is Bitcoin Cash- centric trading platform noted that it would be listing BCH ABC as Bitcoin Cash.

The exchange is currently doing all it can to allow both deposits and the withdrawals for the Satoshi Vision network. It has also stated that it would later introduce a new trading pair market for BSV/BCH.

More Exchanges Step In

As all these went on, Kraken, a crypto exchange based in San Francisco also made a decision in regards to the hard fork. It had so much to say about the acrimonious split, but it detailed that Bitcoin ABC will now be listed as BCH. The other side, according to them, will be listed as Bitcoin Satoshi Vision.

Kraken was the first to give out cautionary measures to its users in regards to the new split. It stated that the Satoshi Vision chain does not meet their normal listing demands. This can be attributed to a number of reasons, the main reason being the fact that it does not have a wallet supporting the replay safeguard.

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