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The Bitcoin Cash network, the result of a hard fork of Bitcoin, has again split into two new blockchains. At press time, Bitcoin Cash ABC (BCH ABC) has not been given any hashing power, which means it is possible that Bitcoin Cash Node (BCHN) will become the dominant software in the Bitcoin Cash network, according to data from Coin.Dance.
The last “common block” among bitcoin miners, number 661647, operated by Binance. The first block that split the Bitcoin Cash blockchain was mined by AntPool. Since then, hashing power has been in BCHN’s favor, as miners have mined several consecutive blocks on the network.
To recap, a group of Bitcoin Cash developers led by Amaury Sechet, known as BCH ABC, offered an update to the Bitcoin Cash network, which included a controversial new ‘Coinbase rule’, which requires 8% bitcoin money mined is redistributed. to BCH ABC as a means of funding protocol development.
The upgrade is opposed by another group in the Bitcoin Cash community, known as the Bitcoin Cash Node, which has removed this so-called ‘miners tax’ from their source code. When some nodes in a network adopt a hard fork and others do not, the blockchain will split into two different versions: one with the old software and one with the new software.
Before the hard fork, bitcoin silver prices fell to $ 237.54, down 7.5% from an earlier high of $ 256.82, according to data from CoinDesk 20.
If BCH ABC does not attract enough hash power to produce a viable blockchain, the ABC blockchain would theoretically “disappear”.
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