Bitcoin Cash Network Completes A Successful Hard Fork

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16 Jan 2019.

In technical terms, a hard fork happens when the rules of the network change in a.

That is now known as Ethereum Classic;; Bitcoin Cash, which was created.

on the affected blockchain until the fork completes successfully.

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Figure 1: Transactions in the Bitcoin network (Source: https://charts. bitcoin.com/).

Classic was never really successful and ceased operation when Bitcoin Cash forked out of Bitcoin.

ent called Bitcoin Unlimited, aiming to raise the block size limit per hard fork, triggered.

As soon as the set up is completed, the first branch .

In order to achieve this goal, the problem of the poor scalability of the Bitcoin protocol.

which would increase the average time needed to complete a transaction.

On 24 August 2017, only 3 weeks after the Bitcoin cash hard fork, Bitcoin core.

Presented as a kind of additional level of blockchain, the Lightning Network.

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Cryptology Eprint Archive IACR Cryptology ePrint Archive 2017 (153), 2017. 9, 2017. Privacy preserving similarity detection for data analysis. I Leontiadis, M Önen, R Molva, MJ Chorley, . Cryptology ePrint Archive, Report 2019/558, 2019, https://eprint. iacr. org. , 0. 3. Optimal TNFS-secure pairings on elliptic curves with composite embedding. Cryptology ePrint Archive International Association for Cryptologic Research. Cryptology