Since the birth of BCH (Bitcoin Cash), it has been controversial. Some say it is the seed of "competition and helplessness", while others see it as the product of "conspiracy and manipulation". But BCH has stumbled through two years anyway.
We meet with it, get to know each other, know each other, we all look forward to it has a better future
Birth
Since the second half of 2013, the bitcoin network has experienced congestion, with many users reporting that their transactions were delayed for a long time before they could be executed. After observation, this is because the block capacity of bitcoin has been unable to timely process network-related information caused by.
In 2016, the bitcoin development team began to plan "expansion". It is also the expansion plan directly led to the hard fork of bitcoin.
At 12:37pm on August 1, 2017, miners performed a hard fork at block height 478558. Six hours later, ViaBTC mine successfully excavated the first bitcoin cash block (NR 478559). Shortly after that, ViaBTC mine excavated the second bitcoin cash block (NR 478560).
The bit cash removed the isolated witness and worked to solve the problem of block congestion and high handling fees in the bitcoin system by expanding the capacity on the chain, and then distributed the BCH to Bitcoin holders at the 1:1 ratio.
So far, the competition of bitcoin expansion which has lasted for three years has come to an end.
It's 2020, two and a half years after the birth of Bitcoin Cash. After the birth of bitcoin cash, bitcoin ushered in the "high" peak, where the high production of course is not to say that the production of bitcoin, But in the second half of 2017, bitcoin was forced to carry out dozens of times large and small fork, "children and grandchildren" throughout the cryptocurrency industry.
Unfortunately, the wave has not yet been able to push the waves, they were killed by time on the beach, in the past two years, bitcoin forks are like fireworks experienced a short period of gorgeous, one by one to die. Perhaps the first effect, Bitcoin Cash has been firmly holding its "prince" status, becoming the only branch currency to compete with the bitcoin community.
Since the birth of bit cash, there has been a lot of controversy, and the BCH community and the BTC community often go to war separately. After soaring prices, intensified community tensions and the 2018 computing war, BCH is steadily developing. As of release, BCH quoted $250.72, with a market capitalization of $4.581 billion, making it the fifth encrypted currency with a global market capitalization.
Strategic vision
Bitcoin Cash aims to be a reliable currency that everyone in the world can use.
The roadmap aims to provide advanced technical guidance and enable different technical teams to work together to achieve the common goal of advancing bitcoin cash.
The basic design of Bitcoin Cash is reasonable. But that doesn't mean it's perfect. The system is carefully improved through technically sound design and careful engineering design. By implementing optimizations and protocol upgrades, point-to-point digital cash will expand many orders of magnitude beyond the current limit.
The needed technical improvements can be divided into three categories:
Enable Bitcoin Cash to scale from ~100 Tx/s to over 5,000,000 Tx/s. Protocol improvements must be made so that mass-parallelization can enable this level of transaction processing.
Improving the payment experience to ensure that it is instant and reliable. Transactions should be secure within three seconds.
Make Bitcoin Cash extensible. An extensible protocol makes future improvements less disruptive, and provides a solid base for businesses and developers to build on.
The Bitcoin Cash network has protocol upgrades twice a year, on November 15th and May 15th. These upgrades are required for all node operators. They are sometimes referred to as "hard fork upgrades", but the term "scheduled protocol upgrades" is preferred.
Rather than a specific block height, the upgrades are based on a timestamp. When the median timestamp of the most recent 11 blocks (MTP-11) is greater than or equal to UNIX timestamp of November 15th (or May 15th) 12:00:00 UTC, the new protocol rules take effect. This better enables your business to prepare for the upgrade at a particular estimated time, plus or minus a few hours.
Although this semi-annual upgrade schedule is not expected to continue forever, it is in place for the forseeable near-term future. Regular protocol upgrades provide a predictable cadence for the ecosystem, and are necessary to achieve the vision set forth in the roadmap.
To become a solid base for application development and innovation, Bitcoin Cash must continuously improve and compete. Working together, we can build a technical foundation to empower Bitcoin Cash to be the best money the world has ever seen.
BCH community
Bitcoin Cash Foundation (THE BITCOIN CASH FUND). The Bitcoin Cash (BCH) Foundation is a non-profit organization whose mission is to allocate donated funds to projects that promote the development of Bitcoin cash (BCH), thereby promoting the development and use of BCH.
The team members of the platform are Paul Wasensteiner, Ian Descôteaux and Yang Haipo. Consultants: Roger Ver, co-founder of Bitcoin Jesus, OKEx and OKLink Jack C. Liu、Bitcoin Unlimited Peter Rizun, Chief Scientist, Bitcoin Investor and Advocate Mike Komaransky. Sponsors include Bitcoin.com, ViaBTC and Yours. The establishment of this platform will enable all people or organizations that support Bitcoin Cash (BCH) to contribute to the development of Bitcoin Cash (BCH).
In addition, the BCH developer team also Crouching Tiger, Hidden Dragon. V God has commented that the BCH community has real technical talent.
Mining Overview
Currently can dig BCH mining machine summary, and power efficiency contrast
Current access pool and basic information
The proportion distribution of ore pools in the last week
Mining calculation force and block
Mining difficulty and full network computing power
