Hardfork on Bitcoin Cash blockchain. Again

by in Cryptocurrency News

Bitcoin Cash

The Bitcoin Cash network successfully forked on November 15. That is the second fork in Bitcoin Cash history. Exactly two years ago, on November 15, as a result of the network split, a new Bitcoin SV coin appeared, which now occupies 11th place in the cryptocurrency rating. This time, the current chain split into BCHN and BCHABC.

According to blockchain reporter Colin Wu, the fork occurred with the generation of block 661 648. Currently, the BCHN chain has already mined the first block, and BCHA is still in the process of generation. The total processing power of the BCHA chain remains very low (0.2% of BCHN).

“You have to wait until the new DAA algorithm automatically adjusts the difficulty in about a week before the miners have power, and wallets can receive the reward,” Wu wrote.

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Although both Bitcoin Cash implementations are in solidarity with the new mining algorithm, BCH ABC supporters want a part of the reward for each block mined by miners (about 8%) to be distributed among the development team.

BCHN supporters do not share this initiative, citing a lack of transparency in the distribution of commission funds. The main ideologist of Bitcoin Cash, Roger Ver, believes that charging fees from mined blocks is "a real dream of Soviet-style centralized providers." The price of BCH / USDT at the time of writing is $ 247.

Recall that the cryptocurrency exchanges Binance and Kraken announced in advance about the support of two coins at once, resulting from the division of the chain. At the same time, Trezor refused to support BCHN coins by default.