Bitcoin Cash BCH: Hard Fork

On 15th May, the Bitcoin Cash (BCH) network will be upgraded.

This hard fork will result in the introduction of an optional new way to sign your BCH transactions called Schnorr signatures.

The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, it is periodically made changes. A hard fork is changes that are not compatible with previous versions of programs that support the cryptocurrency network and in order to continue to mine cryptocurrency, miners need to update the software.

In some situations, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash.