The bitcoin cash (acronym BCC, some use BCH because BCC is also used for BitConnect, another cryptocurrency) is a hard fork * bitcoin. It will therefore duplicate the bitcoin blockchain, the two currencies will have the same history, but will continue each with their own blockchain:
Bitcoin Cash (BCC or BCH)Part of the miners, finally decided to perform a hard fork despite the validation of BIP 91 and the future activation of SegWit that should follow. Key features of bitcoin cash that differentiates it from bitcoin
●Immediate increase of block size to 8 MB
●If both channels (bitcoin and bitcoin cash) would persist over time, Bitcoin Cash minimizes disruption for users and allows a secure and peaceful coexistence of both channels, with responsiveness and protection against replay and wipeout attacks.
●As part of the replay attack protection technology, Bitcoin Cash introduces a new way to sign transactions.
What to do ?If you have bitcoins before the fork that will take place on August 1 at 14h and if you have them in one of the exchanges or wallet listed below (if you trust a tier), or you control your private keys **, you will also have BCCs.
Cryptocurrency: fratricidal fight in the community of bitcoin cash, a rival of bitcoinThe cash bitcoin community is wrapping up around a change of operation. The process could spawn two new bitcoin competitors.
For several weeks, the community of bitcoin cash, a virtual currency rival Bitcoin , around a change of functioning. Unless a last-minute turnaround, the process could lead to two new bitcoin competitors on Thursday. The two main clans involved are bitcoin ABC and bitcoin SV, whose disagreements, originally of a technical nature, have slipped into ego war.
In the world of cryptocurrency, when a change must be introduced in the infrastructure of a virtual currency, it is necessary to obtain the agreement of the individuals who are connected to it, including minors who run their computers to support the network. In general, this poses no major difficulties and a consensus emerges. In the opposite case, a split, called hard fork, takes place and at least one new cryptocurrency appears. This is exactly how the cash bitcoin was born in the summer of 2017, when a minority preferred what it calls the real bitcoin to the option chosen by the majority of the community. But in the case of this new hard fork, scheduled for Thursday, the debate has turned to the rat race.
Shark CommandoAbout ten days ago, Craig Wright, initiator of bitcoin SV, sent an email to Roger Ver, a supporter of the ABC project, which he broadcast. Partisan of ABC, you hate bitcoin, you are my enemy. You have no idea what that means. You will see it. I AM, Satoshi, said Mr. Wright, who once claimed to be Satoshi Nakamoto, a pseudonym behind the inventor (s) of bitcoin, without ever providing any evidence. His project is also called SV for Satoshi's Vision. A few days after sending the email, a team called SharkPool (Shark Pool in French) burst on the web by announcing its desire to sabotage any system wanting to compete with Bitcoin SV.
The other side, the bitcoin ABC, is also sharpening its weapons. Bitmain, the world leader in mining equipment, reportedly recently boosted the deployment of 90,000 machines in northwest China's Xinjiang, according to China's Deep Chain, in an effort to increase the computing power of bitcoin ABC and his weight in the final decision. At the same time, the specialized site CoinGeek and one of the co-founders of Bitmain, Jihan Wu, have slipped on Twitter. While the former published an article reporting difficulties the mining giant would face in paying its main supplier, Wu said, CoinGeek is controlled by the fake Satoshi, referring to Wright.
In addition to being an information site, CoinGeek is at the head of the largest co-operative of cash bitcoin miners and supports the SV project. Such public unpacking shows a very immature vision of actors engaged in cryptocurrency, which have only very limited experience of the company, according to Bob McDowall, analyst and co-author of a study on cryptocurrencies, interviewed by AFP. While bitcoin ABC can boast more individual support, its competitor would focus more computing power, according to the Coin Dance website.
Determined to take advantage of the bisbille, the exchange platform Poloniex to launch the listing of two new cryptocurrency even before their appearance, scheduled Thursday. While the bitcoin ABC traded at around $ 400 Tuesday late in the day, the bitcoin SV was worth only $ 130. As for bitcoin cash, its value exceeds $ 510, according to data compiled by Bloomberg.
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