The main Bitcoin ABC developer, Amaury Séchet, recently sent a proposal to update the format in the direction of the Bitcoin Cash network (BCH), arguing that the need for this change is to issue pressure; the programmer aims for a deployment close to January 14 of next year. It is worth remembering that Bitcoin ABC consists of the implementation of a complete Bitcoin Cash node, which allows an increase in the size of the block with a simple, sensitive and adjustable limit; that is, miners can choose the size of the blocks they wish to extract, and node operators those blocks that will accept … the size limit is, as many knows, 8 MB.
It should be noted that, in September, the also known as ‘deadalnix’ was talking about the future of the Bitcoin Cash network in the event The Future of Bitcoin. On that occasion, Séchet explained the vision he has for the network, answering the doubts of personalities such as Ryan X Charles of the Yours network, Chris Pacia of Openbazaar and Thomas Zander of the late Bitcoin Classic. After a month it came to light that the BCH team was discussing a change in the current address format of the network, due to problems with people who have sent BCH to BTC addresses or vice versa. Now, Séchet has stepped forward to reveal that the solution to this problem will come next year, with a new address format called “Cashddr”, based on work designed by developer Rusty Russel.
In the words of Amaury Séchet:
“Bitcoin Cash has been in need of a new address format for a long time. There is a problem that people send BCH to BTC addresses and vice versa, which is made worse by the fact that SegWit, in Bitcoin’s Blockchain, has the brilliant idea of taking advantage of what anyone can spend, making the recovery of the funds are delicate in Bitcoin Cash”.
“However, although the problem of funds transferred to incorrect chains is urgent, there are other reasons why we should update the address format. It is mandatory that the chosen standard for Bitcoin Cash addresses the numerous problems present in the current address format since we can not be changing things every two weeks.”
Also, Séchet details that the new format, “Cashaddr”, uses a very solid check function that detects up to 6 errors in a single direction, and that in addition to allowing the use of alphanumeric mode works better with QR codes. According to Séchet: “It is also much faster to code and decode than in the previous format, and this is important for a system that has to handle a huge amount of addresses.”
Regarding the departure date, the computer expert commented:
“Implementing this change will take time for all wallets, bags, and merchants to update. Christmas and the new year will arrive soon, and at this time nobody wants to stay involved in things like that. As a result, I proposed that the deployment take place on January 14, 2018, which gives the users two reasonable months to prepare … Delaying things even further would push us into the territory of the Chinese New Year and this is also undesirable”.
Although several followers of Bitcoin Cash have been optimistic with the announcement of Séchet, others are confused about whether the update is about a protocol change or not. That is why Openbazaar’s developer, Chris Pacia, ruled:
“It is not a change at the protocol level, but a modification in the serialization of the addresses. It is obvious that, if the portfolios understand and are able to pay, the user will want to change to a wallet that uses the new type of address. In fact, we should all update at the same time to avoid segmentation.”