The bitcoin cash network is again split into two new blockchains as a result of a hard fork from bitcoin. In press time, Bitcoin Cash ABC (BCH ABC) has not received any power, meaning that it is possible that the Bitcoin Cash Node (BCHN) will become the flagship software of the Bitcoin Cash network.
Last “Common Block” # 661647 in bitcoin cash miners, was mined by Bynes. The first block to split the bitcoin cash blockchain was mined by Antpool. Since then, HashPower has been in favor of BCHN, as miners have continuously mined multiple blocks on the network.
Reap, led by Amaury Sechet, a group of bitcoin cash developers known as BCH ABC, proposed an update on the Bitcoin Cash network, which included a controversial new “coinbase rule”, redistributed. 8% minimum bitcoin cash is required to as a means of developing the BCH ABC funding protocol.
The upgrade has been opposed by another group from the Bitcoin Cash community, known as the Bitcoin Cash node, who removed this so-called “Minor Tax” from their source code. When some nodes on the network adopt a hard fork and others do not, the blockchain will split into two different versions: one with the old software and the other with the new software.
Prior to the hard fork, bitcoin cash prices have fallen 7.5% from their previous high of $ 256.82, down from $ 237.54, according to data from ComplexDesk20.
If BCH ABC does not attract enough hash power to produce a viable blockchain, ABC will “disappear” in blockchain theory.