BCC developers plan to conduct a hard fork on November 1 to implement a new difficulty adjustment mechanism

The open-source developers of Bitcoin Cash (BCC) appear to be delivering on their promises.

After promising to make changes to BCC’s code in August to remain competitive, its developers have begun moving toward that goal. In a blog post published yesterday, developers of Bitcoin ABC, one of the BCC clients, revealed that they will seek to make changes to the software’s rules via a hard fork on November 1.

The change, which will not be activated until November 13, will seek to adjust the network rules when it was originally separated from the Bitcoin blockchain, and will also mean that the BCC economic network will be subject to greater criticism. In particular, the change will attempt to undo a part of the code - the Emergency Difficulty Adjustment (EDA) rule, which is designed to make the BCC blockchain more attractive to miners.

Since Bitcoin and Bitcoin Cash use the same mining algorithm, miners running compatible hardware have shown a willingness to switch back and forth between the two networks.

Therefore, the idea of ​​EDA is that the mining difficulty can be adjusted downward dynamically to attract miners through profits.

However, despite the benefits that EDA brought after its introduction, developers believe the rule has outlived its usefulness for the network.

The blog states:

“This is problematic (now) because this rule prevents users from always getting fast transaction confirmations, fundamentally changing the BCC issuance schedule.”

In this software upgrade, a new algorithm will be adjusted every 600 seconds based on the Bitcoin Cash network’s hashrate over the previous 144 blocks. The idea is that the network difficulty can be adjusted quickly in response to real-time miner activity.

According to the blog post, members of the development team are now reaching out to exchanges, wallets, and miners to help the proposal gain traction.