🍀The Bitcoin Cash network has allowed BCH to bypass Bitcoin🍀

in #bitcoin7 years ago

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The Bitcoin Cash network's hard work took place at the appointed time on block 504031 with a delay of several hours. Everything happened, as it was planned by the developers.

The purpose of this hardcore was to improve the existing complexity algorithm, which, among other things, implies a decrease in the predictable time for confirming transactions on the network to 10 minutes. In addition, the update should help avoid sudden changes in complexity with a relatively stable hash, and also perform a quick complexity recalculation when changing the hashtrate. It is assumed that after the hard-core network BCH will become more resistant to some types of hacker attacks.

Also, following the activation of the hard currency, BitcoinCash has managed to outstrip Bitcoin by the same indicator as the moment of profitability of mining. At the moment of fork, the BTC network had a value of this factor three times greater than the BCH network. Immediately after the hardcore Bitcoin strengthened his leadership, however, after a while BCH was able to come out with a small margin. Recall that this index is calculated based on such indicators as the amount of commissions, the market rate and the complexity of mining.

The course of the staggering BitcoinCash from $ 2477 before the hardcore has also leveled off and rose to $ 1,436. However, now he still continues to fall.

Recall that BitcoinCash itself is the fork of Bitcoin, which appeared on August 1 as a result of the next hard-core network. This project was announced and launched by the Chinese mining pool ViaBTC.

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🤗 source: cryptojournal.ru 🤗

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