Why is bitcoin cash a bug
Publish: 2021-04-23 19:19:54
1.
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
2. 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.
3. In fact, bitcoin cash is a branch currency based on the classic bitcoin
compared with the classic bitcoin, bitcoin cash mainly adjusts the block capacity to 8m
because bitcoin cash was only launched in August this year, at the beginning of its launch, bitcoin was given free of charge to users in proportion to the number of users' bitcoins; Therefore, users graally accept bitcoin cash
in addition, the classic bitcoin has some problems in transaction, so more and more people begin to use bitcoin cash.
compared with the classic bitcoin, bitcoin cash mainly adjusts the block capacity to 8m
because bitcoin cash was only launched in August this year, at the beginning of its launch, bitcoin was given free of charge to users in proportion to the number of users' bitcoins; Therefore, users graally accept bitcoin cash
in addition, the classic bitcoin has some problems in transaction, so more and more people begin to use bitcoin cash.
4.
bus line: No.83 → No.131, the whole journey is about 18.8km
1. Walk about 620 meters from Wenzhou south station to South Railway Station
2. Take No.83, pass 30 stations, and reach the departure station of Higher Ecation Park
3. Walk about 30 meters, and reach the departure station of Higher Ecation Park
4. Take No.131, pass 1 station, and reach the station of Medical College
5, and walk about 50 meters, Arrive at Chashan School of Wenzhou Medical University
5. < blockquote >
because some people believe in it, it is of high value
if others are willing to pay for bitcoin, you can sell it, that is, you can exchange it for cash
on the contrary, if no one believes it and no one is willing to pay for bitcoin, you can't sell it, that is, you can't exchange it for cash or you can exchange less cash
this is the same as other investment gold stock funds
6. Bitcoin bitcoin cash has been a month since it was born on August 1. Many people were not optimistic about BCC before it was born, thinking that it would "die in the womb". But bitcoin cash is not as these people think, but shows tenacious vitality, and has achieved many good results this month
BCC, as a new type of blockchain asset generated by hard bifurcations of bitcoin, has a reason for its success
BCC maintains the goal of global point-to-point cash of zhongbencong
the proposal of BCC is not out of thin air, but to better realize the goal of "point-to-point encrypted e-cash system" described in the white paper of zhongbencong. For bitcoin, "Genesis block" is a pioneer. So no matter which fork you look at, whether it's bitcash, segwit2x or bitcoin core - there's one thing in common. They're all from the genesis block on January 3, 2009. Bitcash (BCC) maintains the goal of global point-to-point cash of zhongbencong, while the isolation witness plan turns bitcoin blockchain into settlement layer. On the second layer, lightning network center and other settlement schemes in the second layer will provide charging services to complete transactions faster
therefore, compared with most competitors, no matter which chain they are in, most of the coins have been g out, and there are only a few left. This creates the scarcity of digital currency, which creates value. The EDA (emergency difficulty adjustment rule) of bitcoin cash is also a very important step to ensure the survival of the coin envisaged by Nakamoto
no congestion and low handling charge are the key to the success of BCC
for the original bitcoin chain, the biggest problem now is transaction congestion and high handling charge. But these problems don't exist for bitcash. Because BCC removed segwit and removed the block size limit of 1m, there is no block size limit problem. This means that the use of bitcoin cash will not lead to transaction accumulation, so transaction fees will be lower. Compared with the average transaction fee of bitcoin original chain at $10, BCC costs only a few cents or less. With the advantages of transaction costs highlighted, many online enterprises and business accounts will join the BCC ecosystem to create a better payment system
BCC is the choice of the market and users
the success of BCC depends on the support of the market and users. No matter how good the proct is, it will be worthless if it leaves the users and the market.. Although BCC has changed the original intention of bitcoin technology, it is a new technology attempt, there are still many uncertainties in the future, but the emergence of BCC has also solved many problems. BCC has achieved rapid expansion through hard bifurcation, which solves the problem of transaction congestion of bitcoin for a long time. The large block owned by BCC can make the transaction faster and cheaper, which can truly realize the "point-to-point encrypted e-cash system" mentioned in the bitcoin white paper. This is unmatched by bitcoin in the short term. In order to solve the problem of bitcoin network congestion, the community has been arguing about it for a long time, but there is no good solution to put it into practice. The emergence of BCC makes this problem not only stay in controversy and theory, but also find a better solution through practice. As for how BCC will develop in the future, it still needs time and market to witness.
BCC, as a new type of blockchain asset generated by hard bifurcations of bitcoin, has a reason for its success
BCC maintains the goal of global point-to-point cash of zhongbencong
the proposal of BCC is not out of thin air, but to better realize the goal of "point-to-point encrypted e-cash system" described in the white paper of zhongbencong. For bitcoin, "Genesis block" is a pioneer. So no matter which fork you look at, whether it's bitcash, segwit2x or bitcoin core - there's one thing in common. They're all from the genesis block on January 3, 2009. Bitcash (BCC) maintains the goal of global point-to-point cash of zhongbencong, while the isolation witness plan turns bitcoin blockchain into settlement layer. On the second layer, lightning network center and other settlement schemes in the second layer will provide charging services to complete transactions faster
therefore, compared with most competitors, no matter which chain they are in, most of the coins have been g out, and there are only a few left. This creates the scarcity of digital currency, which creates value. The EDA (emergency difficulty adjustment rule) of bitcoin cash is also a very important step to ensure the survival of the coin envisaged by Nakamoto
no congestion and low handling charge are the key to the success of BCC
for the original bitcoin chain, the biggest problem now is transaction congestion and high handling charge. But these problems don't exist for bitcash. Because BCC removed segwit and removed the block size limit of 1m, there is no block size limit problem. This means that the use of bitcoin cash will not lead to transaction accumulation, so transaction fees will be lower. Compared with the average transaction fee of bitcoin original chain at $10, BCC costs only a few cents or less. With the advantages of transaction costs highlighted, many online enterprises and business accounts will join the BCC ecosystem to create a better payment system
BCC is the choice of the market and users
the success of BCC depends on the support of the market and users. No matter how good the proct is, it will be worthless if it leaves the users and the market.. Although BCC has changed the original intention of bitcoin technology, it is a new technology attempt, there are still many uncertainties in the future, but the emergence of BCC has also solved many problems. BCC has achieved rapid expansion through hard bifurcation, which solves the problem of transaction congestion of bitcoin for a long time. The large block owned by BCC can make the transaction faster and cheaper, which can truly realize the "point-to-point encrypted e-cash system" mentioned in the bitcoin white paper. This is unmatched by bitcoin in the short term. In order to solve the problem of bitcoin network congestion, the community has been arguing about it for a long time, but there is no good solution to put it into practice. The emergence of BCC makes this problem not only stay in controversy and theory, but also find a better solution through practice. As for how BCC will develop in the future, it still needs time and market to witness.
7. Bitcoin cash is a decentralized digital currency supported by a large community of supporters
the differences between bitcoin cash and bitcoin are as follows:
BCC removes segwit, cancels the restriction of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain.
the differences between bitcoin cash and bitcoin are as follows:
BCC removes segwit, cancels the restriction of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain.
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9. About cryptocurrency, anything new is accompanied by speculation, maybe a little paranoid. No one knows what happens to the split coin. But segwit has been shown to work with litecain. The market also likes predictability, especially in the integration of optimization software<
unrecognized utilities or networks
over the past few years, bigger songs have been intensifying, and segwit supporters deny that. Bitcoin users have never really understood what a real struggle is, and can hardly tell the difference between the two methods
bitcoin 25 is expected to bifurcate again. However, after the first branch on August 1, speculators and traders learned that it could prove profitable to fork out with bitcoin. Especially if they can ride the storm of these two coins.
unrecognized utilities or networks
over the past few years, bigger songs have been intensifying, and segwit supporters deny that. Bitcoin users have never really understood what a real struggle is, and can hardly tell the difference between the two methods
bitcoin 25 is expected to bifurcate again. However, after the first branch on August 1, speculators and traders learned that it could prove profitable to fork out with bitcoin. Especially if they can ride the storm of these two coins.
10. BCC's popularity in the market is not achieved overnight. On the one hand, there are certain historical reasons. In the three-year expansion battle of bitcoin, big blocks have been deeply rooted in the hearts of the people. Big blocks are supported and supported by a large number of community members. For example, bitcoin unlimited (BU), which often has bugs, still has 40% of the computing power of the whole network, far ahead of other expansion schemes
on the other hand, BCC cancels the 1m block size limit, supports 8m block size at most, removes isolation verification, and does not have too much technical debt, which is an on chain expansion route. Big block means that it can accommodate more transactions. The problem of transaction congestion existing in bitcoin is solved. The transaction confirmation speed is faster, the transaction handling fee is lower, and the user experience is better, which has laid a firm foundation for the number of hundreds of millions of users in the future.
on the other hand, BCC cancels the 1m block size limit, supports 8m block size at most, removes isolation verification, and does not have too much technical debt, which is an on chain expansion route. Big block means that it can accommodate more transactions. The problem of transaction congestion existing in bitcoin is solved. The transaction confirmation speed is faster, the transaction handling fee is lower, and the user experience is better, which has laid a firm foundation for the number of hundreds of millions of users in the future.
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