Bitcoin Money has cut up into two new blockchains once more
The Bitcoin Cash network, which resulted from a hard fork in Bitcoin, has again split into two new blockchains. At the time of going to press, Bitcoin Cash ABC (BCH ABC) has not received hashing power, which means Bitcoin Cash Node (BCHN) may become the dominant software on the Bitcoin Cash network, according to Coin.Dance.
The last “common block” among Bitcoin cash miners was # 661647, which was mined by Binance. The first block that split the Bitcoin Cash blockchain was mined by AntPool. Since then, Hashpower has been an advantage for BCHN as miners have mined several consecutive blocks in the network.
In conclusion, a group of Bitcoin Cash developers, led by Amaury Sechet, known as BCH ABC, proposed an update to the Bitcoin Cash network that includes a controversial new "Coinbase Rule" according to which 8% of Bitcoin cash mined Must be redistributed to BCH ABC as a means of funding protocol development.
The upgrade is being rejected by another group in the Bitcoin Cash community known as the Bitcoin Cash Node, which has removed this so-called "miner tax" from their source code. When some nodes on a network are using a hard fork and others are not, the blockchain will be split into two different versions: one with the old software and one with the new software.
Before the hard fork, Bitcoin cash prices fell to $ 237.54, according to CoinDesk 20, a 7.5% decline from an earlier high of $ 256.82.
If BCH ABC did not attract enough hash power to create a viable blockchain, the ABC blockchain would theoretically "go away".