On May 15, 2021, the Bitcoin Cash network will undergo the process of an upgrade that will bring a handful of improvements. These updates include the removal of the unconfirmed transaction limit, enabling multiple OP_RETURNS, the implementation of double-spend proofs, and the inclusion of a new mining block default limit size of 8 MB, as the inclusion of CHIPs (Cash Improvement Proposals) to introduce new specification changes to the protocol.
Bitcoin Cash May 15 Upgrade: What You Need to Know
The Bitcoin Cash (BCH) network will experience an upgrade on May 15th that will bring a series of simple, yet interesting changes focused on usability and quality of life improvements instead of hard changes to the consensus algorithm. Most of the important changes are destined to improve the experience of users and merchants when using bitcoin cash to make online or in-store payments, reaffirming the commitment the currency has with becoming a peer-to-peer cash-focused tool.
The first important change proposed is the removal of the unconfirmed chained transaction limit, which will allow users to do more than 25 chained unconfirmed transactions at a time. This was a highly requested feature for a long time by gambling sites and other high volumes, quick transaction apps that relied on Bitcoin Cash as a payment solution. Satoshi Dice, a dice-playing app, even offered a bounty of 1000 BCH last year to get rid of this limit. Now, its users will be able to enjoy a more streamlined experience without having to wait for a block to be mined every 25 transactions.
Another important update is the introduction of double-spend tests, that will allow nodes to message certain wallets when
