As scheduled, the network upgrade took place successfully on the Bitcoin Cash (BCH) network on November 15, 2018. This network upgrade is now fully complete.

Moving forward, users can transact comfortably knowing that the network continues to remain stable and secure.

For more information on the upgrade and how it has benefited the Bitcoin Cash (BCH) network, please find our summary below.

How was the network upgrade beneficial?

The upgrade refined the Bitcoin Cash (BCH) network by implementing new consensus rules that are beneficial for two reasons:

• CTOR (Canonical Transaction Ordering Rule) allows faster block propagation, consistent block structure, and helps developers build alternative clients.
  
• OP_DSV enables the building of escrow features on-chain.

What happened during the network upgrade?

When the network upgrade took place, a chain split occurred. If you owned Bitcoin Cash at the time of the network upgrade, you received a separate coin created by this chain split.

The new coin is referred to as “Bitcoin SV (BSV)“, while the original coin that underwent the planned network upgrade maintains the original name of Bitcoin Cash (BCH) which supports the current Bitcoin ABC client implementation.

What happens now?

As a necessary development in the evolution of Bitcoin Cash (BCH), the upgrade continues to strengthen the BCH network.

Since the chain split, the hashrate, proof-of-work, existing infrastructure, and community support have all been consistently greater for Bitcoin Cash (BCH) in comparison to Bitcoin SV (BSV). This highlights the success of the network upgrade for BCH.

Bitcoin.com will continue to support the Bitcoin Cash (BCH) network, and we’ll keep our community updated as the network progresses.