April 20, 2024

Bitcoin Cash ABC network on brink of extinction after hard fork

Bitcoin Cash ABC network on brink of extinction after hard fork

After the split of the Bitcoin Cash blockchain, miners refused to process blocks of the BCH ABC network, which could lead to its complete disappearance.

As a result of Sunday's hard fork on block 661648, the cryptocurrency blockchain was divided into two branches of Bitcoin Cash ABC and Bitcoin Cash Node.Even before the split, most miners came out in support of BCHN.However, according to the website Coin.Dance, the network BCH ABC is on the verge of extinction, because almost a day after the separation, none of the pools did not direct their resources to the processing of its blocks.

Bitcoin Cash ABC network on brink of extinction after hard fork

This led to the collapsehashrate, since Bitcoin is currently being minedABC cache is occupied only by individual miners, who at the time of publication closed only 6 blocks. For comparison, during the same time, 97 blocks were formed in the BCHN network.

It is possible that due to the dominance of Bitcoin Cash Node, the exchanges will be appropriatedhe's a ticker.

The community split occurred due to the plans of the main developer of the project to introduce an 8 percent tax on mining in favor of the development fund.

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