Bitcoin Cash ABC (BCHABC) started in August 2017 as Bitcoin Cash, a hard forked version of the original Bitcoin. Upon creation, Bitcoin holders who had their private keys or stored their Bitcoins on a service that supported the split were able to receive equal amounts of Bitcoin Cash. As a result, the Bitcoin Cash price diverged from the Bitcoin price. BCHABC emerged from a hard fork of Bitcoin Cash in November 2018, with Bitcoin Cash Satoshi’s Vision as the other coin created from the event.
Please visit https://www.bitcoinabc.org/and download the whitepaper for more information
Bitcoin Cash ABC shares many characteristics with Bitcoin in terms of protocol, such as Proof of Work SHA-256 hashing, 21,000,000 supply, block times, and reward systems.
However, Bitcoin Cash ABC is different from Bitcoin in terms of block size limits -- Bitcoin has a 1MB block size limit whereas Bitcoin Cash ABC has 8MB blocks. Also, BCHABC adjusts difficulty levels every 6 blocks, as opposed to 2016 blocks with Bitcoin.
Bitcoin Cash ABC retains the original blockchain vision of Bitcoin Cash, which is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork). They rejected the agreed consensus (aka BIP-91 or SegWit2x) and decided to fork the original Bitcoin blockchain.
Additional Bitcoin Cash links include:
Preferred Exchange (aff): https://bitcoinpromocode.com/bnx
ATTENTION: Cryptocurrency management is subject to high market risk among other risks. Please make your portfolio cautiously. Coinhost will make our best effort to accept only high-quality coins, but will not be responsible for your portfolio or any losses.
Please sign in to leave a comment.