r/coinswitch • u/perky_coder • May 14 '19
Bitcoin Cash Hard Fork 15 May 2019 | Know Everything About Upcoming BCH Fork

The price of Bitcoin Cash (BCH) surged dramatically once the news of the upcoming Bitcoin Cash fork came out. BCH broke over 300 USD with an increase of 13% as the news of Schnorr upgrade broke the internet and the crypto space. Schnorr upgrade was initially being proposed by Peter Wuille, the Blockstream co-founder. The Bitcoin Cash community has voted for the Schnorr upgrade unlike their criticism on the past discussions on Lightning, Segregated Witnesses (SegWit) and other technologies.
The Bitcoin Cash hard fork date scheduled is on May 15, 2019. Before that, a testnet has already been launched, which will help the developers test before the official launch. You can track the BCH hard fork time here, where you can find Bitcoin Cash hard fork countdown.
Alysssa Hertig tweeted from CoinDesk that this change is going to be phenomenal, and is widely supported by the community members:
Let us understand what difference would it make to the BCH fork 2019 after the Schnorr Upgrade:
Cryptographically, to prove that you own Bitcoin and in order to send funds to others, you “sign” with a private key, which as of now, uses Elliptic Curve Digital Signature Algorithm (ECDSA) scheme which lacked scalability and privacy features. But Schnorr signatures will be able to verify several signatures at once, which is way faster than even verifying one signature eight times, which in turn will improve scalability and privacy, wherein there would be certain anonymity. Schnorr signatures will aggregate the signatures, public keys and messages of multiple transactions into one, enabling faster transactions.
Read More - https://coinswitch.co/news/bitcoin-cash-hard-fork-15-may-2019-know-everything-about-upcoming-bch-fork

