If an upcoming arduous fork entails a swap to new methodology for key-pair/tackle technology, how precisely is it going to be carried out? How would all of the previous addresses going to alter to ones which can be suitable with the brand new algorithm and the way is the switch of possession going to be performed precisely?
For the blockchain to maintain the identical state after the fork, there must be a brand new tackle for every previous (incompatible) tackle that holds the identical quantity of BTC and has the identical proprietor.
A method I can consider is including assist for each the previous and new key-pair/tackle technology strategies quickly, after which immediate all homeowners holding addresses generated utilizing the previous methodology to ship their BTC to new addresses generated utilizing the newer methodology, and eventually dropping assist for the previous methodology. With ~30 million distinctive BTC addresses as of in the present day, and a present block measurement able to processing 2-7 transactions per second, this transition would want between 50-173 days to finish, throughout which the blockchain is totally incapacitated, and miner charges being increased than regular. I suppose it might additionally entice any BTC that hasn’t been transferred to a brand new tackle by homeowners in a well timed method inside the previous, incompatible tackle.
