Bitcoin Cash (BCH) forked in again, a pair of chains!

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Avatar for bchcouncil
3 years ago

As the fork approached, 1.5 million Bitcoin cash (BCh) was put on trading. The break was made, was it consumed for everything? In a context of tension among BCH miners, the tough fork took place. Some actually refuse to be charged to help improve the network, which is a tax that goes against the very idea of decentralization.

Binance is mining the last block

After a hard fork at #661649, the Bitcoin Cash Node (BCHN) and the Bitcoin Cash ABC (BCH ABC) split into two new blockchain networks, respectively.

The last common # 6616147 block was mined by Binance. BCH ABC seems to have earned no hash power so far, so the Bitcoin Cash Node is very likely to become the dominant application on the BCH blockchain.

The first BCHN block was undermined by AntPool, which is the latter being played by the hazh force.

80% of miners had backed BCHN before the fork. Before the fork BCH ABC developers led by Amaury Sechet had suggested an upgrade to the network including the "Coinbase Rule" financing rule.

The latter provides 8% of mined BCH with an investment fund and a protocol development fund.

A Mining Tax Revolution

In the BCH group this change is not unanimous; some mine workers simply removed the mining charge from the source code.

The BCH price fell by 7.5 percent prior to the hard fork from $ 256.82 to $ 237.54 based on CoinDesk results.

In principle, if the BCH ABC fails to attract sufficient miners to ensure that it is viable.

The rest of the trade platforms that they are going to help BCHN, so it's definitely going to end up with inheriting the BCH acronym.

Summary

Two networks coexist as a component of hard-fork, but they destroy all network integrity. BCHN makes a risky gamble by trying to hire and tax a vast number of BCH workers. The revolt is brewing as in the Middle Ages. If BCHN succeeds, can this paradigm promote further crypto-projects? Can this kind of tax only be stopped by Bitcoin (BTC)? Decentralized taxes: have had to be taken into account!







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Avatar for bchcouncil
3 years ago

Comments

BCHN makes a risky gamble by trying to hire and tax a vast number of BCH workers.

You have that reversed, mate.

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3 years ago