Crypto analysts think that investors should be braced for the bitcoin cash hard fork. Cursorily enough, the founder of the ViaBTC mining pool, Hypo Yan, was the person who called for this change. He even announced a new fork of BCH called Bitcoin Cat.
The idea came to him in the midst of discussions concerning the Bitcoin Cash Difficulty Adjustment Algorithm (DAA). He assures crypto traders that everything is likely to go smoothly without any confrontation. "I am considering building a new Bitcoin fork inherited from BCH called Bitcoin Cat. It’s a temporary name. Cats are cute and harmless, so they won’t have a war".
Notably, the Infrastructure Funding Proposal (IFP) will be added to the next upgrade. It will take 8% of the coin base reward and will be sent to developers.
In addition, Yang suggests getting rid of unused transaction outputs in the new chain that have been stuck in it since its fork in August 2017. “I have another interesting idea: all UTXOs that have not been moved after the hard fork one year later are to be voided,” he tweeted. This move will make the reward for a block almost twice as large, as well as provide developers with their part of the money.
Bitcoin Cat fork coin is likely to be launched on November 15. It is also planned to adapt the mining algorithm for ASIC miners, reduce the time for block generation, and organize voting for coin owners.
Hypo Yan aims to restore the former popularity of the Bitcoin Cash network, which has been left by almost 63% of developers over the past year alone.
