Behind bitcoin cash
bitcoin cash is affected by the tightening of domestic policies, and its price will continue to be low, especially the two sessions and G20 summit in March, which will have a huge impact on bitcoin cash. If the policies are good, bitcoin cash will return to the high point, if the policies are bad, it will continue to shake the market.
There are two relations between bitcash and bitcoin: bitcash is the bifurcated and competitive currency of bitcoin{ RRRRR}
Second, competitive currency. As the name suggests, they are two competing currencies. It is just like the competition of two kinds of homogeneous goods in the market, competing for market share. In the virtual digital currency market, the market share is so large that more people hold one kind of currency, the number of people holding another kind of currency will be relatively reced, forming a competitive relationship between you and me
in these two relationships, competitive currency is easier to understand, while forked currency is more difficult because it is a technical problem
is the relationship between the two currencies clear now
bitcoin cash (BCC) is a new version of bitcoin with different configurations launched by a small number of bitcoin developers. It is a new type of blockchain asset. At 20:20 on August 1, 2017, bitcoin cash starts mining, and each bitcoin investor's account will have the same amount of bitcoin cash (BCC).
compared with the classic bitcoin, bitcoin cash mainly adjusts the block capacity to 8m
because bitcoin cash was only launched in August this year, at the beginning of its launch, bitcoin was given free of charge to users in proportion to the number of users' bitcoins; Therefore, users graally accept bitcoin cash
in addition, the classic bitcoin has some problems in transaction, so more and more people begin to use bitcoin cash.
people consciously shape their own character and consciously temper themselves. The better their character is, the more they will understand the value of tribulation for life and always insist on improving their character, because the real success does not lie in how much money you earn, how much reputation and how high status you have, but in how good you are, The ultimate goal of life is self realization. We can see a new self every day. Comparing the present with yesterday, surpassing yesterday, and being the best self, such people are doomed to succeed. Today's character, whether good or bad, is created by us. There is no reason to blame anyone, but to change our character and push it to a better state, It also depends on ourselves
because when we are in a bad mood, we will unconsciously hold our bad mood tighter, close the door and don't talk to others, sulk and lock our eyebrows and think wildly. As a result, our mood is even worse and sadder. At this moment, we should learn to turn the new year around and get rid of the original bad mood. We should take good care of ourselves, look at the facts and try to solve them; Those are rubbish. If you want to create trouble for yourself, you should put it aside, wash away those unclean thoughts with Buddha's manna water, and bring up our mindfulness. In this way, you can deal with it easily and have a clear mind and a pure heart. When I have trouble, I will be able to get rid of it, I often ask myself: is it helpful for you to get rid of life and death? Worry is the most harmful to the health of the body. There is no need to punish yourself. It's a day to worry and live peacefully. Why not choose to live peacefully? If we change our mind, we will face a better world. Therefore, we should always control our bad thoughts, completely eliminate unhealthy thoughts such as greed and hatred, and maintain a peaceful and strong mind and an equal and pure heart.
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BCC, as a new type of blockchain asset generated by hard bifurcations of bitcoin, has a reason for its success
BCC maintains the goal of global point-to-point cash of zhongbencong
the proposal of BCC is not out of thin air, but to better realize the goal of "point-to-point encrypted e-cash system" described in the white paper of zhongbencong. For bitcoin, "Genesis block" is a pioneer. So no matter which fork you look at, whether it's bitcash, segwit2x or bitcoin core - there's one thing in common. They're all from the genesis block on January 3, 2009. Bitcash (BCC) maintains the goal of global point-to-point cash of zhongbencong, while the isolation witness plan turns bitcoin blockchain into settlement layer. On the second layer, lightning network center and other settlement schemes in the second layer will provide charging services to complete transactions faster
therefore, compared with most competitors, no matter which chain they are in, most of the coins have been g out, and there are only a few left. This creates the scarcity of digital currency, which creates value. The EDA (emergency difficulty adjustment rule) of bitcoin cash is also a very important step to ensure the survival of the coin envisaged by Nakamoto
no congestion and low handling charge are the key to the success of BCC
for the original bitcoin chain, the biggest problem now is transaction congestion and high handling charge. But these problems don't exist for bitcash. Because BCC removed segwit and removed the block size limit of 1m, there is no block size limit problem. This means that the use of bitcoin cash will not lead to transaction accumulation, so transaction fees will be lower. Compared with the average transaction fee of bitcoin original chain at $10, BCC costs only a few cents or less. With the advantages of transaction costs highlighted, many online enterprises and business accounts will join the BCC ecosystem to create a better payment system
BCC is the choice of the market and users
the success of BCC depends on the support of the market and users. No matter how good the proct is, it will be worthless if it leaves the users and the market.. Although BCC has changed the original intention of bitcoin technology, it is a new technology attempt, there are still many uncertainties in the future, but the emergence of BCC has also solved many problems. BCC has achieved rapid expansion through hard bifurcation, which solves the problem of transaction congestion of bitcoin for a long time. The large block owned by BCC can make the transaction faster and cheaper, which can truly realize the "point-to-point encrypted e-cash system" mentioned in the bitcoin white paper. This is unmatched by bitcoin in the short term. In order to solve the problem of bitcoin network congestion, the community has been arguing about it for a long time, but there is no good solution to put it into practice. The emergence of BCC makes this problem not only stay in controversy and theory, but also find a better solution through practice. As for how BCC will develop in the future, it still needs time and market to witness.
bitcoin cash is the proct of the three-year battle for bitcoin expansion. The main supporters and promoters of bitcoin cash are supporters and developers of large blocks
bitcoin cash is not a kind of bifurcated currency, and bitcoin cash does not meet the definition of bifurcated currency. Bitcoin cash and bitcoin are two different blockchains.