Bitcoin cash -BCC
release:2017-12-30 20:17:05 publisher:ZERO ONE EXCHANGE
BCC, as blockchain asset generated in the basis of the Bitcoin ABC scheme, removes Segwit function, supports to expand block size to 8M, which is the technical route of expansion on chain. Bitcoins ABC code has been improved in the basis of the stability of the currency agreement version, greater stability, security, robustness is believed to obtain, if Segwit is not included, as backups of current BTC agreement and BTC system. BCC has began to be dug at 20:20 on August 1, 2017.
There are many ways to deal with congestion of bitcoin trade. SegWit, lightning network, makes it possible to accommodate more transactions per second through other means. However, this does not directly increase the size of the block. BitCoinABC (ABC represents adjustable blocksize cap) is a way to realize Satoshi BTC agreement, which follows BTC stable version code and removes SegWit related code, for the purpose to build a simple client-side with adjustable block. The coin dug out from such client-side is Bitcoin Cash.
BCC has been originally set as a token to prevent BIP148 splitting bitcoin with hard fork. BCC continues the idea of Satoshi Nakamoto, as a shadow of bitcoin, which can assume the test and backup roles of bitcoin. Therefor, in a strict sense, BCC is not to split bitcoin, but a measure to guard against the hard fork of bitcoin.
Chinese name: bitcoin cash
English name: Bitcoin Cash
English abbreviation: BCC
Core algorithm: sha-256
Release date: 01/08/2017
Monetary aggregate: 21 million
Main features: block size up to 8MB; EDA difficulty adjusting mechanism
Commonly used links
Official website: https://www.bitcoincash.org/
Block query: http://blockdozer.com/insight/