On November 13, news.Bitcoin.com reported on the successful completion of the Difficulty Adjustment Algorithm hard fork applied to the Bitcoin Cash (BCH) network. It’s been well over 24-hours since the fork, and now the protocol’s current DAA has seemed to find its 144 block average in order to maintain consistent block time intervals.
After the Successful DAA Hard Fork, Network Participants Wait for the Protocol to Find a Consistent Block Time Average
It’s been over 24-hours since the bitcoin cash network forked at block height 504031. The hard fork was smooth without any complications, and the new DAA started its first few hours with relatively consistent 10-15 minute block time intervals. There’s been a variance since then, as the new DAA still had to find its 144 block average in order to obtain some better consistency.
During the first few hours before the block time variances, BCH mining profitability was equal to BTC mining profits but dropped shortly after. Now the BCH chain is 21 percent more profitable to mine, as the BCH network is operating at 11.7 percent of the legacy chain’s difficulty. Blocks are now coming in steady as the past ten blocks found have had interval times between 5-13 minutes.
BCH Markets Rebound After Fork Locks In
The price of bitcoin cash is helping keep the BTC profitability difference lower at the moment, but BCH markets are down 5 percent. One BCH is valued at $1,270 per token with a decent $1.2B worth of 24-hour global trade volume. The top five exchanges trading the largest BCH volumes include Bithumb, Bitfinex, Coinone, Poloniex, and Korbit. Three out of five of those trading platforms are headquartered in South Korea as the won still dominates BCH trade volume by currency…