Bitcoin Cash Network briefly crashed following a scheduled upgrade

The Bitcoin Cash network encountered a brief technical glitch for around an hour.
Technical issues occurred on the back of a planned network upgrade, which did not go smoothly.

Ken Chigbo Independent Analyst

There was a scheduled upgrade of the Bitcoin Cash network today. Following the upgrade Bitcoin Cash users may have been somewhat surprised that their transaction did not confirm in a prompt fashion. A bug in Bitcoin ABC did not initially recognize transactions as valid as the count of the number of operations did not correctly flag a transaction as valid.

Given the noted glitch, ABC nodes did not correctly relay transactions, and miners running the ABC software did not confirm any transactions.

As a result, transactions were not processed by the Bitcoin Cash network for around an hour or so. Such an event marks a second Bitcoin Cash upgrade that was not smooth, as the previous upgrade resulted in a chain split.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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