Bitcoin Cash Will Be Increasing Its Block Size Even More in the New Year

Bitcoin cash developers may be looking to increase the cryptocurrency’s block size again next year, although no formal announcement of this has been made yet.

Bitcoin cash’s main developer team, Bitcoin ABC, has made a rough 6-12 month plan outlining where the team hopes to bring Bitcoin cash over the course of the new year. The roadmap that includes two hard forks scheduled for May and November of 2018. Only those running the appropriate software will be able to properly upgrade though.

Already, bitcoin cash has a block size parameter limit that is 8x larger than that of bitcoin itself, so this next increase in block size will push that even further.

The roadmap also indicates further plans for improving bitcoin cash. A bitcoin cash representative said of the ongoing changes to the cryptocurrency: “We want to make it more reliable, more scalable, with low fees and ready for rapid growth. It should ‘just work’, without complications or hassles. It should be ready for global adoption by mainstream users, and provide a solid foundation that businesses can rely on.”

To accomplish this, the increase in block size for the cryptocurrency is a necessary step, as fees should rise less quickly as the block size increases.

This roadmap is not definite though and may change as input is received from the rest of the bitcoin cash community. Bitcoin ABC needs to agree with several other bitcoin cash developers in order to continue with any change – already, though, another developer, nChain, has passed its approval of the proposal, so the changes have support from at least some of the community at this time.