Hard fork Bitcoin CB removed all restrictions on the size of new blocks and transactions

On block 620538, Bitcoin CB carried out the planned system-wide Genesis update, which actually removed all previous restrictions on the network.

As a result of the hard fork, miners receivedthe ability to manually set the maximum size of new blocks, so this parameter now depends only on the community and will directly affect the value of the coin. If not everyone agrees with the changes made, and the volume of one of the blocks exceeds a certain value, then it will be considered invalid.

In addition, they were removedrestrictions on the maximum size of an individualtransactions and number of multi-signature wallet owners. The scripting language now has a formalized grammar verified by consensus participants. The update also restored the protocol for storing user data on the blockchain.

After the transition to the new rules, part of the minerscontinued to use the old version, which led to a branch. However, since only one unsynchronized block was closed in a few hours, this indicates a small number of those who have not updated their nodes.

Despite the support of the community, a Binance study showed that mining Bitcoin SV is not justified from an economic point of view.

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