In the previous 6 weeks Bitcoin has really hit the mainstream and, consequently, has seen its value skyrocket. However, the big banks have never been lying down and the first vision of Bitcoin has been corrupted and now instead of low-no prices on trades fees are extremely high.
Details About Dr Craig Wright's Bitcoin Cash London Event
In this talk, Dr. Wright will discuss his vision for “Bitcoin Cash World” in which Bitcoin is utilized on a daily basis by retailers, consumers, banks, and other participants throughout the planet's economy. Among other items, he will clarify:
- the advantages of Bitcoin over conventional fiat money and payment methods
- why the newer Bitcoin Cash presents the better path to become “peer-to-peer electronic cash”
- what measures need to be taken to achieve global adoption
“Early Bird” Tickets are available at the purchase price of #20 until 6pm January 8th and then the price will increase to #25.
Features Of Bitcoin Cash
On Chain Scalability
Bitcoin Cash follows the Nakamoto roadmap of global adoption with on-chain scaling. As a first measure, the blocksize limitation has been made adjustable, with an higher default option of 8MB. Research is underway to permit massive future gains.
New Transaction Signatures
A new SigHash type offers replay protection, enhanced hardware wallet protection, and elimination of the quadratic hashing problem.
New Difficulty Adjustment Algorithm (DAA)
Reactive Proof-of-Work difficulty adjustment permits miners to migrate from the legacy Bitcoin series as desirable, while providing protection against hashrate fluctuations.
With numerous independent teams of programmers supplying software implementations, the near future is protected. Bitcoin Cash is immune to political and social attacks on protocol development. No single group or project can control it. The bitcoin-ml mailing list is a fantastic venue for creating proposals for modifications that require coordination across development teams.