Bitcoin Cash

2024

Bitcoin

Block

Spot

The Bitcoin Cash community recently gathered in Ljubljana, Slovenia for the highly anticipated BCH Bliss conference, held on May 14-15. The event served as a celebration of a significant network upgrade called "Jessica," which introduces an innovative adaptive block size limit for the Bitcoin Cash blockchain. 
Bitcoin Cash is a cryptocurrency that split off from the original <a href="https://www.coingabbar.com/en/crypto-blogs-details/is-bitcoin-headed-for-all-time-high-after-92-day-wait" title="Bitcoin" class="f-link" rel="noopener noreferrer nofollow">Bitcoin</a> network in 2017. One of its key goals is to enable faster and cheaper transactions by increasing the block size limit – the maximum amount of data that can be processed in each new block added to the blockchain.
<h3 id="span-span-data-font-font-size-style-font-size-16px-the-jessica-upgrade-adaptive-block-size-span-span">The "Jessica" Upgrade – Adaptive Block Size</h3>
Before this upgrade, the Bitcoin Cash network had a fixed maximum block size of 32 megabytes (MB). While this is substantially larger than Bitcoin's 1MB limit, it still imposed a cap on the number of transactions that could be processed.
The "Jessica" upgrade replaces this fixed limit with an adaptive block size limit, also known as ABLA.&nbsp;
Here's how it works:
<ul>
 <li>The baseline block size remains at 32MB.</li>
 <li>The network continuously monitors the actual block sizes being produced over a certain period.</li>
 <li>If the average block size consistently approaches the current limit, ABLA will automatically increase the maximum block size to accommodate the growing demand.</li>
 <li>Conversely, if network activity decreases, ABLA will gradually lower the limit to reduce infrastructure costs.</li>
</ul>
This adaptive approach ensures that the Bitcoin Cash network can dynamically adjust its capacity based on actual usage, rather than being constrained by a fixed limit. As adoption and transaction volumes grow, the network can seamlessly scale up without requiring further disruptive upgrades.
<h4>BCH Bliss – Celebrating Innovation and Adoption</h4>
The BCH Bliss conference served as a platform to unveil and discuss this groundbreaking upgrade. Organized by Jonathan Silverblood, co-founder of General Protocols, the event brought together Bitcoin Cash enthusiasts, developers, and industry experts from around the world.
In addition to celebrating the "Jessica" upgrade, the conference featured insightful presentations and panel discussions on various Bitcoin Cash topics, ranging from technical developments to real-world use cases and strategies for driving mass adoption.
Silverblood expressed his enthusiasm for the event's impact, stating, "The Bliss 2024 conference celebrated the Bitcoin Cash upgrade to dynamic blocksize with thought-provoking presentations, deep technical discussions, and real-world use of BCH for everything from food and travel to the conference tickets themselves."
<h4>Looking Ahead – Scaling for Mass Adoption</h4>
With the adaptive block size limit in place, the Bitcoin Cash community is gearing up for an era of unprecedented growth and innovation. By removing the constraints imposed by fixed block sizes, the network can now scale more efficiently to meet the demands of a globally adopted cryptocurrency.
Supporters of Bitcoin Cash believe that this upgrade, combined with the network's low transaction fees and fast confirmation times, positions it as a viable solution for global peer-to-peer payments and remittances, particularly in regions with underdeveloped financial infrastructure.
As builders and enthusiasts continue to rally behind Bitcoin Cash, further developments and real-world applications are expected to emerge, potentially bringing the promise of a truly decentralized and accessible digital currency closer to reality.
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Bitcoin Cash Community Unites for "Jessica" Upgrade Event

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