BCH Network Upgrade $BCH
The second event is the BCH network upgrade on May 15, 2024, which aims to implement adaptive block sizes. These new block sizes will lower infrastructure costs during low usage and enable doubling to the maximum size during peak usage.
BCH developer Jason Dreyzehner tweeted, “This upgrade resolves an economic vulnerability that was introduced in 2010 and led to the BCH/BTC network split in 2017.”
Also, “The algorithm automatically adjusts Bitcoin Cash’s block size limit to reduce infrastructure costs during periods of lower usage while enabling up to a doubling of the maximum block size per year at peak growth.”
