BCHABC

BCHABC

Bitcoin Cash ABC
$104.19
0%
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  • Market Cap
    $1,821,005,626
  • 24h Vol (Global)
    -
  • Circulating Supply
    17,477,739
  • Issue Date
    2018-11-15
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
21,000,00017,477,7392018-11-15-POW1
explorer.bitcoin.com
2
blockchair.com
3
bch.btc.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
21,000,000SHA256https://github.com/Bitcoin-ABChttps://www.bitcoinabc.org/COIN

General Data and Information Bitcoin Cash (BCH also known as BCHABC) is a hard-fork of Bitcoin after consensus was not reached on the question of increasing the blocksize of the original Bitcoin. An increased blocksize (Bitcoin Cash has a maximum block size of 8MB compared to Bitcoin’s 1MB) was seen by backers (such as Roger Ver) as enabling Bitcoin to function better as a regularly used currency, as a larger block size would enable more transactions to be recorded per block (without decreasing the average block time) thus increasing the capacity of the blockchain. However, opponents of the increased block size argued that the increased block size and increased demands on storage for the complete blockchain would risk increased centralization of miners capacity (as the costs of running mining nodes would increase further beyond the ability of smaller pools and individual miners). As no consensus was reached, the faction supporting the larger block size hard-forked Bitcoin Cash from Bitcoin. Apart from this increased blocksize, Bitcoin Cash is technically similar to the original Bitcoin and it is currently the most well known and most liquid of the blockchains that have forked from the Bitcoin blockchain. The hard fork occured at block height 478558 at which the complete transaction history of Bitcoin was carried over to be also the history of Bitcoin Cash. Thus, all wallet balances were transferred to the new chain, meaning that all Bitcoin holders received Bitcoin Cash in a 1:1 ratio. Milestones 1st August 2017 - Bitcoin Cash (BCH) hard forks from Bitcoin (BTC) at block height 478558. 1st August 2017 - Emergency Difficulty Adjustment (EDA) also added as an additional difficulty reduction algorithm (able to reduce by 20%) in the event that time for 6 consecutive blocks exceeds 12 hours. 15th November 2018 - Bitcoin SV hard forks from Bitcoin Cash (BCH) at block height 556766. Utility Just like the original Bitcoin, Bitcoin Cash sees itself as a store of value which is unrestrained by national and political borders. It envisages an economic system whereby two parties can exchange value trustlessly and instantly, free from interference and mediation from third parties. The move to a larger block size was to enable a greater number of transactions to be written to the blockchain without altering other fundamental parameters of the original Bitcoin. This positions Bitcoin Cash as a faster moving store of value crypto-currency with a greater emphasis on liquidity and velocity in comparison to Bitcoin. Significant Features Decentralized access allowing any party with the open-source software and internet access to send and receive Bitcoin Cash irreversibly without third party interference or trust. Decentralized governance via open-source development and forking. Future scaling via increased block size against Bitcoin (8MB vs 1MB), currently the full capacity is not utilised. Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. Average blocktime of 10 minutes; Total supply of 21 million BCH; Consensus via Proof of Work (SHA-256). As of June 2019, research shows that the Bitcoin Cash difficulty adjustment algorithm appears to maintain a more stable block generation time under highly variable hash power in comparison to Bitcoin’s algorithm. References: https://en.wikipedia.org/wiki/Bitcoin_Cash https://bitcoincash.org/ https://en.wikipedia.org/wiki/Roger_Ver https://www.researchgate.net/publication/333126580_A_Structural_Analysis_of_Bitcoin_Cash's_Emergency_Difficulty_Adjustment_Algorithm https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3410460 Bitcoin price

Introduction

General Data and Information Bitcoin Cash (BCH also known as BCHABC) is a hard-fork of Bitcoin after consensus was not reached on the question of increasing the blocksize of the original Bitcoin. An increased blocksize (Bitcoin Cash has a maximum block size of 8MB compared to Bitcoin’s 1MB) was seen by backers (such as Roger Ver) as enabling Bitcoin to function better as a regularly used currency, as a larger block size would enable more transactions to be recorded per block (without decreasing the average block time) thus increasing the capacity of the blockchain. However, opponents of the increased block size argued that the increased block size and increased demands on storage for the complete blockchain would risk increased centralization of miners capacity (as the costs of running mining nodes would increase further beyond the ability of smaller pools and individual miners). As no consensus was reached, the faction supporting the larger block size hard-forked Bitcoin Cash from Bitcoin. Apart from this increased blocksize, Bitcoin Cash is technically similar to the original Bitcoin and it is currently the most well known and most liquid of the blockchains that have forked from the Bitcoin blockchain. The hard fork occured at block height 478558 at which the complete transaction history of Bitcoin was carried over to be also the history of Bitcoin Cash. Thus, all wallet balances were transferred to the new chain, meaning that all Bitcoin holders received Bitcoin Cash in a 1:1 ratio. Milestones 1st August 2017 - Bitcoin Cash (BCH) hard forks from Bitcoin (BTC) at block height 478558. 1st August 2017 - Emergency Difficulty Adjustment (EDA) also added as an additional difficulty reduction algorithm (able to reduce by 20%) in the event that time for 6 consecutive blocks exceeds 12 hours. 15th November 2018 - Bitcoin SV hard forks from Bitcoin Cash (BCH) at block height 556766. Utility Just like the original Bitcoin, Bitcoin Cash sees itself as a store of value which is unrestrained by national and political borders. It envisages an economic system whereby two parties can exchange value trustlessly and instantly, free from interference and mediation from third parties. The move to a larger block size was to enable a greater number of transactions to be written to the blockchain without altering other fundamental parameters of the original Bitcoin. This positions Bitcoin Cash as a faster moving store of value crypto-currency with a greater emphasis on liquidity and velocity in comparison to Bitcoin. Significant Features Decentralized access allowing any party with the open-source software and internet access to send and receive Bitcoin Cash irreversibly without third party interference or trust. Decentralized governance via open-source development and forking. Future scaling via increased block size against Bitcoin (8MB vs 1MB), currently the full capacity is not utilised. Transactions are pseduo-anonymous. Funds are sent address to address, but an owner identity can eventually attributed to an address given enough data and analysis. Average blocktime of 10 minutes; Total supply of 21 million BCH; Consensus via Proof of Work (SHA-256). As of June 2019, research shows that the Bitcoin Cash difficulty adjustment algorithm appears to maintain a more stable block generation time under highly variable hash power in comparison to Bitcoin’s algorithm. References: https://en.wikipedia.org/wiki/Bitcoin_Cash https://bitcoincash.org/ https://en.wikipedia.org/wiki/Roger_Ver https://www.researchgate.net/publication/333126580_A_Structural_Analysis_of_Bitcoin_Cash's_Emergency_Difficulty_Adjustment_Algorithm https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3410460

Social Media
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2019-08-22
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2019-08-21
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2019-08-21
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2019-08-09
Bitcoin Cash’s Scheduled Hard Fork Tripped Up By Software Bug
2019-05-15
Exchange KuCoin Enables Credit Card Purchases of Crypto
2019-03-28
Waves Statement on Bitcoin Cash Network Split
2019-02-14
Bitcoin Cash Price Rises to $100 And Overtakes Litecoin
2018-12-18
One Month Later, Which Crypto Is Winning the Bitcoin Cash Split?
2018-12-15
OKEx Crypto Exchange Lists Bitcoin Cash ABC Under Original Bitcoin Cash Ticker
2018-12-12
Bitcoin SV Price Surge Creates “Bitcoin Cash Flippening”
2018-12-07
51% Attacks on Cryptocurrencies Are Getting Cheaper
2018-12-06
Japanese Exchange GMO Coin Set to Resume Bitcoin Cash Trading on ABC’s Chain
2018-12-03
Binance Will Open Deposits and Withdrawals for BCHABC and BCHSV
2018-11-29
Bitcoin and Altcoins Hesitate, But More Upsides Possible
2018-11-29
Bitcoin Cash SV Price Momentum Remains Rather Bearish
2018-11-28
Bitcoin Cash SV (BCHSV) Price Analysis: Speculators Run the Show
2018-11-28
Bitcoin SV Pushes Monero Out of Top 10 Coins
2018-11-27
Bitcoin and Altcoins Trimmed Gains
2018-11-27
ABC vs SV: Assessing the Consequences of the Bitcoin Cash War
2018-11-26
Bitcoin and Altcoins Consolidating At Risk Of Further Declines
2018-11-23
Bitcoin Cash Price Dips Below $225 Again as Bearish Pressure Mounts
2018-11-22
Bitcoin and Altcoins Consolidating Losses Above Supports
2018-11-22
Blockchain Developers on Spree of Releases during Market Downturn, Says CZ
2018-11-22
Coinbase Officially Declares BCHABC to be the Only Bitcoin Cash
2018-11-21
Bitcoin and Altcoins Turn Green, Sellers Exhausted
2018-11-21
Mining Bitcoin Cash is 50% Less Profitable Than Bitcoin Mining
2018-11-21
Market Analysis: How Altcoins are Impacted by Bitcoin’s Price Drop
2018-11-21
BCHSV Price Loses Another 37% as Struggle Intensifies
2018-11-20
Bitcoin, Ethereum and Altcoins Trend Overwhelmingly Negative
2018-11-20
Bitcoin, Ethereum and Altcoins Decline Further
2018-11-19
Bitcoin Cash Hard Fork Battle: Who Is Winning the Hash War
2018-11-18
Crypto Arbitrage Today: BCHABC, XMR, Dash, BTG, ETH, DOGE
2018-11-18
Labeling BCHABC as Bitcoin Cash Makes Sense but the Timing is Horrible
2018-11-18
BCHABC Generates Nearly Empty Blocks While BCHSV Blocks Grow Bigger
2018-11-18
BCHSV Price Tanks Again Despite Healthy Network Status
2018-11-18
Jihan Wu May Sell 1 Million Bitcoin Cash SV
2018-11-18
Hashrate of BCHABC and BCHSV Nearly Reaches Parity Ahead of Network Stress Test
2018-11-17
One Cryptocurrency to HODL, Two to FODL (YOYO, BCHABC, BCHSV)
2018-11-17
Exchanges Start Labeling BCHABC as “BCH” Despite Ongoing Hash War
2018-11-17
New Bitcoin ABC Client Introduces a Controversial Checkpointing System
2018-11-17
Today’s Bitcoin Cash Stress Test Should put ABC and SV Through its Paces
2018-11-17
BCHABC Price Loses Ground as Client Update Triggers Backlash
2018-11-17
Bitcoin Cash Price Gets Skewed due to Exchange Trickery
2018-11-17
24 Hours After the BCH Fork: Hashrate Dips and Price Changes as BCHABC Can’t Break Free
2018-11-16