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Tax Collector Gets a Kick: Bitcoin Cash Node Emerges as Winner of the Hard Fork

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Avatar for Angelik20
Written by   2
4 months ago

The Bitcoin cash network just went through another hard fork after being originally created as a hard fork of the Bitcoin Blockchain ( BTC) in August 2017. The November 15 hard fork split the Bitcoin Cash network into two new Blockchains , Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The main difference between the two is the 8% tax on gross rewards that miners must pay to the BCH ABC development team.

Between the two networks, Bitcoin Cash ABC received very little hashing power, while Bitcoin Cash Node received the most, indicating that miners may generally favor BCHN over BCHA. The last common block of Bitcoin Cash mined before the fork was by Binance, and the first block to split the chain in two was mined by AntPool.

Another hard fork is not the first time the Bitcoin Cash community has witnessed a fork event. The first fork of the network occurred in August 2017, followed by another fork in November 2018, through which it was split into Bitcoin Cash ABC and Bitcoin Cash SV (BSV). With this latest token called "Satoshi Vision", this division was made with the intention of keeping Bitcoin true to its original vision of the currency that is used for daily transactions between pairs.

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Avatar for Angelik20
Written by   2
4 months ago
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