Bitcoin Cash has Hard Fork behind it, which divided the Blockchain into two competing networks

Bitcoin Cash has Hard Fork behind it, which divided the Blockchain into two competing networks

The crypto world witnessed another Hard Fork yesterday, this time with the cryptocurrency Bitcoin Cash.


16 Nov 2020 , 19:45 @ Matey Salt

Bitcoin Cash has Hard Fork behind it, which divided the Blockchain into two competing networks

The crypto world witnessed another Hard Fork yesterday, this time with the cryptocurrency Bitcoin Cash.

The seventh most popular cryptocurrency in the world was divided because part of the community decided not to accept the “miner tax” anymore.

Bitcoin Cash Hard Fork took a place yesterday and the result is the division of BCH into two new and competing networks. From now on, we are witnessing Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA).

According to the available information published by Decrypt, there are great differences in the BCH community behind this decision. The division was mainly due to a controversial proposal by the ABC development team, which persuaded the community to reject the so-called “miner tax”.

Yesterday, the last common block was mined and then the Blockchain was definitely divided.

According to studies by Decrypt, more than 80% of BCH miners were supposed to support BCHN before the split, and it seems that the miners meant it. At present, the BCHN hash rate is constantly increasing, while the BCHA is falling sharply.

Read also: NEO celebrates four years of the MainNet launch and publishes highlights

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