Bitcoin Cash DAA Hard Fork Coming in 2 hours!

in #bitcoin7 years ago

Follow the countdown here: https://cash.coin.dance/

Bitcoin ABC has published version 0.16.0 which contains an updated Difficulty Adjustment Algorithm (DAA).

This is a change to the Bitcoin Cash consensus rules. The change activates on November 13th. This is a hard fork, so exchanges, wallets, and other software need to upgrade before November 13th.

The new DAA algorithm seeks to accomplish the following objectives:

  • Adjust difficulty to hash rate to target a mean block interval of 600 seconds.
  • Avoid sudden changes in difficulty when hash rate is fairly stable.
  • Adjust difficulty rapidly when hash rate changes rapidly.
  • Avoid oscillations from feedback between hash rate and difficulty.
  • Be resilient to attacks such as timestamp manipulation.