What is BCH (What is BCHABC)?
What is BCH? According to btcmanager.com, the Bitcoin network has undergone sig
What is BCH? According to btcmanager.com, the Bitcoin network has undergone significant changes in the past year. From December 2017 to January 2018, there was a halving of Bitcoin block rewards due to restrictions in the cryptocurrency mining industry. Information from the official Bitcoin Cash website shows that in the first quarter of 2019 (beginning of the third quarter), there were over 100,000 participants in mining activities.
Aside from mining revenue, there have been other significant changes, such as the significant increase in the Bitcoin network’s hash rate since March, with the slowing growth rate of computing power, decreasing transaction fees, and the emergence of new cryptocurrencies.
What is BCHABC?
According to reports, BCHABC is a forked coin of Bitcoin Cash (BCH). According to the official announcement, BCHABC has a total supply of 200 million, with 1,000 coins issued per block. 50% of the coins are used for liquidity mining and transaction rewards, 10% for community incentives and node incentives, and 5% allocated to developers.
Currently, the largest holding of BCHABC is worth 80 million Chinese yuan. Previously, on January 20th, BTC.com announced that its code name had been changed to “Bitcoin ABC,” stating that the public chain will be upgraded through a hard fork (Cointelegraph).
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