The Bitcoin Cash Community Prepares for ‘Change the Address Day’

Bitcoin Cash Plans to Upgrade Its Address Format on January 14, 2018

Deploying an Address Change Takes Time for BCH Participants to Upgrade

Deploying such a change on the network will take some time for all the wallets, exchanges and merchants to upgrade.
Businesses Are Currently Preparing for the Change
At the moment businesses are steadily preparing for “Change the Address Day.” The blockchain explorer Blockchair says it is developing support for Bench32-based BCH addresses. Openbazaar says the developer Chris Pacia has prepared the marketplace wallets for the new change. Both wallets Stash and Edge (formally Airbitz) says they will be prepared for the Cashaddr format alongside the popular BCH wallet Electron Cash. The peer-to-peer lending platform BTCpop will also support the new format stating:We will support Bech32 for bitcoin cash on January 14th. We’ll provide a simple converter as well so users can convert the deposit address to the current format — Withdrawals will work to both formats.
BCH Supporters Are Confident the Upgrade Will Be Smooth
A significant portion of the bitcoin cash community seems to be well prepared for the pending upgrade. There are still over three weeks left for other businesses and infrastructure providers to prepare for the Bech32 format. Many BCH supporters believe the upgrade will be smooth and successful like the hard fork on November 13 that changed the protocol difficulty adjustment algorithm. Moreover, the upgrade is not a fork type of protocol change as it merely alters the bitcoin cash address serialization. What do you think about ‘Change the Address Day’ scheduled for January 14? Let us know what you think in the comments below.Images via Shutterstock, and Pixabay.
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