If an upcoming exhausting fork entails a change to new technique for key-pair/handle technology, how precisely is it going to be carried out? How would all of the outdated addresses going to alter to ones which can be appropriate with the brand new algorithm and the way is the switch of possession going to be performed precisely?
For the blockchain to maintain the identical state after the fork, there must be a brand new handle for every outdated (incompatible) handle that holds the identical quantity of BTC and has the identical proprietor.
A method I can consider is including help for each the outdated and new key-pair/handle technology strategies briefly, after which immediate all house owners holding addresses generated utilizing the outdated technique to ship their BTC to new addresses generated utilizing the newer technique, and at last dropping help for the outdated technique. With ~30 million distinctive BTC addresses as of at present, and a present block dimension 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 larger than ordinary. I suppose it might additionally entice any BTC that hasn’t been transferred to a brand new handle by house owners in a well timed method throughout the outdated, incompatible handle.
