Bitcoin Cash is preparing for another fork, which will upgrade the software for the fourth-most valuable blockchain network. Unlike the last hard fork, the next upgrade is unlikely to cause any dramatic splits, focusing instead on efficiency and scalability improvements. The biggest addition to the protocol is Schorr signatures, which will allow enhanced scaling to the blockchain network.
Schnorr Is Coming To Bitcoin Cash, Wrightly Or Wrongly
Bitcoin Cash will add Schnorr signatures on the mainnet on May 15, replacing the Elliptic Curve Digital Signature Algorithm (ECDSA), which is the legacy signature protocol of the original bitcoin. Schnorr signatures make transactions leaner, with several signatures able to be verified simultaneously.Schnorr signatures have not been implemented by Bitcoin (BTC) developers because of patent conditions surrounding them. Those conditions have now been lifted, and bitcoin cash has seized on the opportunity to get ahead of the OG crypto. Named after its inventor, Claus-Peter Schnorr, the algorithm was covered by US Patent 4,995,082 until 2008, when it expired. Its application status expires May 6.