What does bitcoin BCC mean
Publish: 2021-04-19 22:01:42
1. BCC started mining at 20:00 on August 1, and separated from bitcoin's main chain in block 478559. Viabtc, China's mining pool, excavated the first BCC block, and then the next block 478560. Before the separation from the main chain, the data stored in the blockchain and the running software are compatible with all bitcoin nodes. After the separation from the main chain, it begins to execute new code and package large blocks. Thus, a new BCC blockchain is born, and BCC also begins to develop independently
at present, the BCC network has become stable, the block speed is basically close to an average of 10 minutes, and the computing power of the whole network is basically stable at 5% - 10% of that of bitcoin
generally, it is through mining or direct purchase on the trading platform!
at present, the BCC network has become stable, the block speed is basically close to an average of 10 minutes, and the computing power of the whole network is basically stable at 5% - 10% of that of bitcoin
generally, it is through mining or direct purchase on the trading platform!
2. Bitcoin cash is a new version of bitcoin with different configurations launched by a small number of bitcoin developers. At 20:20 on August 1, 2017, bitcoin cash began to mine, and the same amount of bitcoin cash (BCC) will appear in each bitcoin investor's account. It can be purchased on the trading platform or mined like bitcoin
3. Bitcoin cash (BCC), in English, is a new type of blockchain asset proced by a hard bifurcation of bitcoin. It is a decentralized digital currency supported by a community of large block supporters. BCC removes segwit, cancels the limitation of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain. The purpose is to better realize the "point-to-point encrypted e-cash system" described in Nakamoto's white paper. At present, many foreign exchanges have launched BCC trading. It's in line with bitcoin.
4. The hard bifurcations of bitcoin in November are segwit2x, which makes bitcoin expand to 2MB. BCC is a new type of blockchain asset proced by a hard bifurcation of bitcoin. It is a decentralized digital currency supported by a large community of supporters. BCC removes segwit, cancels the limitation of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain. The purpose is to better realize the "point-to-point encrypted e-cash system" described in Nakamoto's white paper.
5. BCC mining and bitcoin mining are the same, the only difference is the dynamic mining strategy
when BCC was born, it continued the mining difficulty of BTC. The miners lost money for mining because of their faith. At the beginning of bitcoin's birth, they even proced a block within 12 hours. In order to ensure the stable development of BCC network, BCC adopted the strategy of dynamic adjustment of mining difficulty, which can ensure that the block speed of BCC can well adapt to the decline of computing power
BTC adjusts the difficulty once every 2016 blocks, while BCC adds the rule of "if the MTP interval of the past six blocks is greater than 12 hours, the next difficulty will be reced by 20%". At present, the mining difficulty of BCC has been reced a lot, which is about 13% of that of BTC. BCC's current block speed is close to an average of 10 minutes out of a block.
when BCC was born, it continued the mining difficulty of BTC. The miners lost money for mining because of their faith. At the beginning of bitcoin's birth, they even proced a block within 12 hours. In order to ensure the stable development of BCC network, BCC adopted the strategy of dynamic adjustment of mining difficulty, which can ensure that the block speed of BCC can well adapt to the decline of computing power
BTC adjusts the difficulty once every 2016 blocks, while BCC adds the rule of "if the MTP interval of the past six blocks is greater than 12 hours, the next difficulty will be reced by 20%". At present, the mining difficulty of BCC has been reced a lot, which is about 13% of that of BTC. BCC's current block speed is close to an average of 10 minutes out of a block.
6. BCC is not a bifurcated currency. BCC is a new type of blockchain asset based on the original bitcoin chain
BCC does not meet the definition of bitcoin network bifurcation. BTC and BCC are two completely different chains in two days. As like as two peas, the whole network as like as two peas, which can not be synchronized in one chain, has two pieces of block chain network with identical bitcoins. Two networks have a large number of miners digging, and transactions on two different networks can not be synchronized. This leads to two even the same difficulty of two parallel chains, which is called forking.
BCC has also been identified by bitcoin international Roundtable forum as a competitive currency that replicates bitcoin blockchain and modifies some codes. Therefore, it is a wrong interpretation that BCC is the network fork of bitcoin.
BCC does not meet the definition of bitcoin network bifurcation. BTC and BCC are two completely different chains in two days. As like as two peas, the whole network as like as two peas, which can not be synchronized in one chain, has two pieces of block chain network with identical bitcoins. Two networks have a large number of miners digging, and transactions on two different networks can not be synchronized. This leads to two even the same difficulty of two parallel chains, which is called forking.
BCC has also been identified by bitcoin international Roundtable forum as a competitive currency that replicates bitcoin blockchain and modifies some codes. Therefore, it is a wrong interpretation that BCC is the network fork of bitcoin.
7. You should never expect to get rich with bitcoin cash or any emerging technology. It's always important to be alert to anything that sounds incredibly good or goes against the basic laws of the economy
bitcoin cash is a growing field of innovation, where there are business opportunities as well as risks. Even though bitcoin cash has been developing rapidly so far, no one can guarantee its future. Any investment of time and resources related to bitcoin cash requires entrepreneurship. There are many ways to make money with bitcoin cash, such as mining, speculation or new business. All of these methods are highly competitive, and everyone should make their own appropriate assessment of the costs and risks involved in any such project.
bitcoin cash is a growing field of innovation, where there are business opportunities as well as risks. Even though bitcoin cash has been developing rapidly so far, no one can guarantee its future. Any investment of time and resources related to bitcoin cash requires entrepreneurship. There are many ways to make money with bitcoin cash, such as mining, speculation or new business. All of these methods are highly competitive, and everyone should make their own appropriate assessment of the costs and risks involved in any such project.
8. The differences between BCC and BTC are as follows:
BCC: the isolation verification is removed, the 1m block chain size limit is removed, the on chain expansion route is adopted, and the idea of large block is adhered to
BTC: isolation verification is adopted, 1m block belt line remains unchanged, lightning network is adopted, and small block concept is adhered to!
BCC: the isolation verification is removed, the 1m block chain size limit is removed, the on chain expansion route is adopted, and the idea of large block is adhered to
BTC: isolation verification is adopted, 1m block belt line remains unchanged, lightning network is adopted, and small block concept is adhered to!
9. Bitcoin cash (BCC), in English, is a new type of blockchain asset proced by a hard bifurcation of bitcoin. It is a decentralized digital currency supported by a community of large block supporters. BCC removes segwit, cancels the limitation of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain. The purpose is to better realize the "point-to-point encrypted e-cash system" described in Nakamoto's white paper
after BCC successfully separated from the main chain of bitcoin on August 1, it has gone on an independent development road and is regarded as a strong competitor of bitcoin in the community.
after BCC successfully separated from the main chain of bitcoin on August 1, it has gone on an independent development road and is regarded as a strong competitor of bitcoin in the community.
10. The reason why it is called competitive currency is relative to bitcoin. The reason why bitcoin cash is called BCC is that it does not compete with bitcoin for the naming right. However, the naming right of bitcoin does not determine everything. Although BCC is not bitcoin, we should respect BCC's right to compete and the choice of the market and users. If bitcoin does not work hard, it is also possible for Bcc to surpass bitcoin
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