Adaptive Blocksize Limit Algorithm Implemented on Bitcoin Cash
Bitcoin Cash has successfully completed its latest upgrade, incorporating the highly anticipated adaptive blocksize limit (ABL) algorithm.
This algorithm, known as “ac-0353f40e,” aims to automatically adjust the block size limit based on network demand, making it easier to handle transaction throughput. By implementing this change, Bitcoin Cash streamlines the process of resizing block limits, eliminating the need for manual consensus, which can be time-consuming and vulnerable to social attacks. Supporters argue that increasing the block size is crucial for scaling the network as originally envisioned by Satoshi Nakamoto, ensuring low fees and fast confirmations.
The ABL algorithm operates on an exponentially weighted moving average (EWMA) to dynamically adjust block sizes, maintaining network efficiency and responsiveness. This upgrade marks a significant step for Bitcoin Cash, garnering positive feedback from supporters as it potentially resolves the scalability debate.
Clever Robot News Desk 16th May 2024
