Bitcoin cash is a battle
Publish: 2021-05-13 10:10:22
1. bitcoin and bitcoin cash (BCH) have the same mining mechanism. Miners will choose whether to dig bitcoin or bitcoin cash according to the level of mining income. It is a normal phenomenon that bitcoin computing power increases and bitcoin cash computing power decreases
in short, it is a redistribution of computing power driven by interests.
in short, it is a redistribution of computing power driven by interests.
2.
There are two relations between bitcash and bitcoin: bitcash is the bifurcated and competitive currency of bitcoin{ RRRRR}
Second, competitive currency. As the name suggests, they are two competing currencies. It is just like the competition of two kinds of homogeneous goods in the market, competing for market share. In the virtual digital currency market, the market share is so large that more people hold one kind of currency, the number of people holding another kind of currency will be relatively reced, forming a competitive relationship between you and me
in these two relationships, competitive currency is easier to understand, while forked currency is more difficult because it is a technical problem
is the relationship between the two currencies clear now
3. Introction: bitcoin cash is a branch of bitcoin. In order to solve the problem of long transaction time of bitcoin, at 20:20 on August 1, 2017, a small number of mining machines began to use 8m block to start mining, and the transaction confirmation speed was thousands of times faster than that of bitcoin using 1m block< Br > release time: bitcoin cash is a hard fork of bitcoin on August 1, 2017< < br > maximum supply: 21000000bch < br > current total circulation: 16959625bch < br > market volume: currently accounting for 5% of the cryptocurrency market < br > market value: $21882632910 < br > Future Prospects: bitcoin cash (BCH) is a cryptocurrency representing large blocks, which was born in August 2017. Bitcoin cash (BCH) focuses more on chain trading. Therefore, compared with bitcoin core, bitcoin cash (BCH) has the advantages of low handling charge, no congestion and irreversible transaction.
4. Bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers.
5. Compared with bitcoin, the biggest advantage of bitcoin cash (BCH) in payment is that the network is not congested, transaction fees are low, and zero confirmation payment is supported
bitcoin cash is the proct of the competition for bitcoin expansion. It is a large block version of bitcoin. At present, it has been expanded to 32m. In the short term, it is impossible to have the problem of network congestion, and bitcoin cash will continue to expand according to the market demand
bitcoin is still locked in 1m block size, which leads to the congestion of bitcoin network, and the number of unprocessed transactions is amazing. Isolation verification and lightning network have not solved the problem of bitcoin network congestion.
bitcoin cash is the proct of the competition for bitcoin expansion. It is a large block version of bitcoin. At present, it has been expanded to 32m. In the short term, it is impossible to have the problem of network congestion, and bitcoin cash will continue to expand according to the market demand
bitcoin is still locked in 1m block size, which leads to the congestion of bitcoin network, and the number of unprocessed transactions is amazing. Isolation verification and lightning network have not solved the problem of bitcoin network congestion.
6. First you need to have an okex account and then pass the contract test.
7. Bitcoin cash mining is the same as bitcoin mining, and both use the same computing power. You can use a miner to dig
8. The so-called 51% attack is to take advantage of bitcoin's ability to use computing power as a competitive condition to cancel the payment transactions that have already taken place
if someone has mastered more than 50% of the computing power, he can find the random number needed for mining blocks faster than others, so he actually has the absolute effective right of which block
he can:
1. Modify his own transaction records, which enables him to make double payments
2. Prevent the block from confirming some or all of the transactions
3. Prevent some or all of the miners from mining into any effective block
if someone has mastered more than 50% of the computing power, he can find the random number needed for mining blocks faster than others, so he actually has the absolute effective right of which block
he can:
1. Modify his own transaction records, which enables him to make double payments
2. Prevent the block from confirming some or all of the transactions
3. Prevent some or all of the miners from mining into any effective block
9. It's mainly about interests. There are mainly the following types of people who oppose BCH:
1. They hype themselves and pave the way for their bifurcating bitcoin. For example, Liao Xiang, who once strongly opposed big blocks, paid big money, and they all bifurcated bitcoin
2. Misled by the core development team, the melon eaters regard the miners as a group of criminals
3. The core development group's opposition to BCH is not only a divergence of development roadmap, but also a dispute of interests. The lightning network promoted by the core development group can make the gold owners behind it profit through the lightning network.
1. They hype themselves and pave the way for their bifurcating bitcoin. For example, Liao Xiang, who once strongly opposed big blocks, paid big money, and they all bifurcated bitcoin
2. Misled by the core development team, the melon eaters regard the miners as a group of criminals
3. The core development group's opposition to BCH is not only a divergence of development roadmap, but also a dispute of interests. The lightning network promoted by the core development group can make the gold owners behind it profit through the lightning network.
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