April 25, 2024

Another hard fork will take place in the Bitcoin Cash network

Another hard fork will take place in the Bitcoin Cash network

After months of intense conflicts and disagreements, members of the Bitcoin Cash network decided to have another hard fork.

Bitcoin ABC – the main and dominant implementation of Bitcoin Cash – is experiencinga rebellion within the community, whose supporters advocate the creation of a new Bitcoin Cash Node (BCHN) network.

According to CoinDance, over 75% of the year in the past week, more than 75% of the year has signed up for the creation of BCHN.Just 1% of Bitcoin Cash supported the ABC.There is a week left until the end of the voting.

Over the past 24 hours, BCHN's nods have mined 84.7% of all Bitcoin Cash blocks, while ABC has only gained 1.4%.

Another hard fork will take place in the Bitcoin Cash network

The idea of a BCHN hard fork appeared after the ABC team announced the introduction of a new rule according to which every minermust pay 8% of the remuneration to the developer fund controlled by Amaury Sechet. 

Supporters of BCHN insist that this rule deprives miners of earnings, despite the fact that the fund developers already have enough funds.

On November 3, Binance exchange announced support for the upcoming hard fork. If a new network and a new cryptocurrency are created, the exchange will distribute BCHN coins to Bitcoin Cash holders 1 to 1.

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Based on materialscointelegraph.com