Bitcoin Cash

Major

2024

Bitcoin

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/mysterious-62-million-bitcoin-cash-bch-transfer-sparks-speculation-heres-why" rel="noopener noreferrer nofollow">Bitcoin Cash</a> developer Jason Dreyzehner has shared that the critical May 2025 upgrade to Bitcoin Cash has now been activated on the mainnet.
In a tweet, <a href="https://x.com/bitjson/status/1857434429230076167" rel="noopener noreferrer nofollow">Dreyzehner</a> informed that the May 2025 upgrade to Bitcoin Cash is now active on chipnet at block 227,228.
This upgrade includes two Bitcoin Cash Improvement Proposals (CHIPs) which are Targeted Virtual Machine Limits CHIP and BigInt CHIP: High-Precision Arithmetic for Bitcoin Cash.
<blockquote class="twitter-tweet">
 The May 2025 upgrade to Bitcoin Cash is now active on chipnet at block 227,228! 🎉 (0000000000b8dc4625844fa367b12317645fac7c9afbc5fb8def4025a6822c86)This upgrade includes two Bitcoin Cash Improvement Proposals (CHIPs):Targeted Virtual Machine Limits CHIPThe VM Limits CHIP… <a href="https://t.co/HLwPGroe4S" rel="noopener noreferrer nofollow">pic.twitter.com/HLwPGroe4S</a>— Jason Dreyzehner (@bitjson) <a href="https://twitter.com/bitjson/status/1857434429230076167?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 15, 2024</a>
</blockquote>
The Targeted Virtual Machine Limits or VM Limits CHIP retargets Bitcoin Cash's denial-of-service, extending compute for real contracts by more than 100 times while reducing worst-case node compute utilization by 50%. By lowering overhead, retargeted limits simplify contracts, streamline contract audits and increase overall security.
This upgrade improves contract efficiency, making important use cases more practical, such as post-quantum cryptography, stronger escrow and settlement strategies, zero-knowledge proofs, homomorphic encryption and other critical innovations for Bitcoin Cash's future security and competitiveness.
Finally, this release raises the bar by introducing new tooling and a cross-implementation benchmarking technique for constantly verifying node performance.
<h2 id="bigint-chip-upgrade">BigInt CHIP upgrade</h2>
The second upgrade, BigInt CHIP: High-Precision Arithmetic for Bitcoin Cash, offers over 10x reductions in contract lengths and makes previously theoretical use cases immediately practical. This includes more advanced automated market-making and exchange protocols, decentralized stablecoins, collateralized loan protocols, cross-chain and sidechain bridges, zero-knowledge proofs, post-quantum cryptography, homomorphic encryption and more.
This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions.
These capabilities are now available to Bitcoin Cash contracts on "layer one," ensuring censorship resistance and cross-contract compatibility without increasing compute requirements, which implies that fully archiving Bitcoin Cash nodes can continue to operate on low-cost consumer hardware.
Overall, these enhancements aim to improve Bitcoin Cash capabilities. The price of the Bitcoin fork Bitcoin Cash (BCH) responded modestly to the news of the upgrade. At the time of writing, BCH has risen 5% in the last 24 hours to $442, marking the second straight day of gains since Nov. 15, assuming today closes in the green. <a href="https://u.today/bitcoin-fork-bitcoin-cash-bch-activates-major-upgrade-details" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin Fork Bitcoin Cash (BCH) Activates Major Upgrade: Details

Table of Contents

U_Today

Other articles published on Nov 16, 2024

Turn missed DOGE and SHIB opportunities into wins with these 5 tokens

CFTC clears path for spot Bitcoin ETF options listing

Altseason Awakens: Top 5 Cryptos to Buy Now for 10,000% Gains in December 2024!

Cardano Foundation Unveils First Financial Report With Three Key Investments

Ethereum 'dying a slow death' as ETH breaks 8-year trend vs. Bitcoin

18 U.S. States Sue SEC For Overreach and Unfair Persecution of XRP and Cryptocurrencies

Join our free newsletter for daily crypto updates!