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Comparison of BCC computing power

Publish: 2021-03-24 04:46:29
1. BCC started mining at 20:00 on August 1, and separated from bitcoin's main chain in block 478559. Viabtc, China's mining pool, excavated the first BCC block, and then the next block 478560. Before the separation from the main chain, the data stored in the blockchain and the running software are compatible with all bitcoin nodes. After the separation from the main chain, it begins to execute new code and package large blocks. Thus, a new BCC blockchain is born, and BCC also begins to develop independently

at present, the BCC network has become stable, the block speed is basically close to an average of 10 minutes, and the computing power of the whole network is basically stable at 5% - 10% of that of bitcoin

generally, it is through mining or direct purchase on the trading platform!
2.

BCC mining and bitcoin mining are the same, the only difference is the dynamic mining strategy

when BCC was just born, it continued the mining difficulty of BTC. The miners lost money for mining out of belief. At the beginning of bitcoin's birth, they even proced a block within 12 hours. In order to ensure the stable development of BCC network, BCC adopted the strategy of dynamic adjustment of mining difficulty, which can ensure that the block speed of BCC can well adapt to the decline of computing power

BTC is a difficulty adjustment for every 2016 blocks, while BCC adds a rule of "if the MTP interval of the past six blocks is greater than 12 hours, the next difficulty will be reced by 20%". At present, the mining difficulty of BCC has been reced a lot, which is about 13% of that of BTC. BCC's current block speed is close to an average of 10 minutes out of a block

< H2 > extended data:

mining principle of BCC:

the previous life of BCC was bitcoin. Before the bifurcation, the data stored in the blockchain and the running software were compatible with all bitcoin nodes. After the moment of bifurcation, it began to execute new code and package large blocks, thus forming a hard bifurcation on the chain. At present, BCC is still a futures, which will be officially split into a new currency on August 1

security problems faced by bitcoin:

the first security threat of users comes from the user activated hard fork or uahf - all BTC holders who control their private key get an equal number of BCCs at the time of fork

that's the problem: there are many domestic trading platforms designed for bitcoin, but it should be noted that many investors use third-party transactions or unsupported software wallets, but the investors themselves do not control their private keys, so it is the third-party trading platform that finally receives the new currency. Some platforms will inform customers, while others will not

many investors have transferred their assets to the supported bitcoin wallet a few hours before the hard fork, while investors without independent wallets have to wait

there are many opportunities for phishing attacks or other malicious attacks, especially considering that most successful malicious attacks against bitcoin are focused on controlling private key or hacker exchange, rather than directly attacking currency. About the security of bitcoin, you can also add your own wechat seciot to communicate

BCC is very similar to BTC in technology, adding greater blocking and transaction replay protection, and the latter is in a new form of signature. Bitcoin cash transactions use a new sight_ Fork ID, which prevents bitcoin cash transactions from being replayed on bitcoin blocks

the new hash signature also brings additional benefits, such as the input value signature improves the security of hardware wallet and eliminates the second hash problem. In short, it is theoretically safer than BTC, and its purpose is to start and use faster and more convenient

However, BCC does face a major threat, that is, most attacks, that is, the security risk of a single entity acquiring more than 51% of the network processing power. At the same time, the common enemy shared by the two blockchains is interrupt attack. Most attackers use network interrupt to split the network to improve the probability of success

at the same time, partition network and network delay attack are threats. According to the latest research paper, for the so-called distributed network, it is easier than assumed, and 20% of bitcoin nodes are hosted in less than 100 IP prefixes

3. Subscribe currency order transaction, dig together, stir up money in the exchange, be crazy
upgrade mining machine, purchase electricity, dig together, realize wealth growth on the blockchain

how much overtime food to eat, rickets in the March bed, illness consciousness mode, desperate struggle, save life story
I have no fear of the world when I hold money Capital gathering, computing power resisting inflation and material desire
4. This is constantly changing, and miners will switch computing power between BTC and BCC with the change of income
5. Since the birth of BCC on August 1, it has been full of numerous controversies. So when bitcoin cash was officially born on August 1, every step it took attracted much attention. From its relationship with bitcoin to the rise and fall of price and the change of computing power, it has become a hot topic in the community
as an emerging blockchain asset, what other digital currencies envy most about BCC is that it can leap to the third place in the world's digital currency market value in a short time, creating a miracle of blockchain assets. Even though the price of virtual currency has fallen e to the influence of domestic policies, it still ranks third in the market value, and even the Ruibo currency, which has been in third place before, is hard to shake its position. What's the secret behind the fact that it can have this status in a short time
the inevitability of BCC
to explore the secret behind it, we have to mention its background. As we all know, with the continuous development of bitcoin, the number of global users and transactions of bitcoin is growing, which also leads to the congestion problem of bitcoin network. Although bitcoin network has been recognized by people for its long-term development, the problem of network congestion also brings users a bad experience. In particular, the high transfer fees and slow transaction speed make it lose its advantages as a way of transaction. In order to solve this problem, the bitcoin community has been fighting for expansion for three years. The emergence of BCC has brought a way out for this problem, and also brought an end to the expansion in the past three years. BCC removes segwit, cancels the block size limit of 1m, and can support up to 8m block size. By increasing the size of the block, the network can accommodate more transactions at the same time, and bring users a new experience of low transaction cost and fast confirmation speed. Although BCC has changed the original intention of bitcoin technology, it is a new technology attempt, and there are many uncertainties in the future. However, the birth of BCC is not an accident, but an inevitable result
BCC is superior to bitcoin in many places
although bitcoin has been developed for many years, it is relatively mature in all aspects. But BCC is better than bitcoin in many aspects. First, the development team is more decentralized. BTC's development team is relatively single, with only bitcoin core, while BCC's development team has five, namely bitcoin XT, bitcoin classic, bitcoin unlimited, bitcoin ABC and bitprim, which solves the problem of bitcoin development centralization, and can be joined by subsequent teams. The problem of bitcoin expansion has not been solved for a long time, and it has a lot to do with the single developer. Second, bitcoin cash has the advantage of inclusiveness. The most important advantage of BCC compared with BTC is that BCC can do all the technology upgrades that BTC can do. BTC will refuse to upgrade the very important and useful technology that BCC can do. This comprehensive, developed and rapid technology upgrading roadmap will constitute a significant advantage for BCC. Thirdly, BCC's emergency difficulty adjustment mechanism has obvious advantages. Its design is very simple and clear. Its successful implementation ensures the success and existence of BCC's blockchain assets. Although this mechanism now has shortcomings, making its difficulty rise and fall not smooth enough, it will bring about a large fluctuation of computing power. But the problem will eventually be solved. Of course, in addition to these three main advantages, BCC has other advantages compared with bitcoin, such as low payment fees, fast confirmation and so on
BCC is the common choice of users and the market
the reason why BCC has the present status is also the common choice of users and the market. No matter how good a proct is, it can not develop for a long time without the support of users and market. Although BCC has been developed for a short time, there are many users and trading platforms supporting BCC. At present, BCC has been supported by more than 100 trading markets around the world, and bitcoin has more than 400 trading markets around the world. There are also many wallet providers that start to support BCC under multiple requests from users, such as blockchain.info
it can be seen that the reason why BCC can be ranked third in the market value is not only related to the time of its emergence, but also inseparable from its own advantages and market demand.
6. The inevitability of BCC
to explore the secret behind it, we have to mention its background. As we all know, with the continuous development of bitcoin, the number of global users and transactions of bitcoin is growing, which also leads to the congestion problem of bitcoin network. Although bitcoin network has been recognized by people for its long-term development, the problem of network congestion also brings users a bad experience. In particular, the high transfer fees and slow transaction speed make it lose its advantages as a way of transaction. In order to solve this problem, the bitcoin community has been fighting for expansion for three years. The emergence of BCC has brought a way out for this problem, and also brought an end to the expansion in the past three years. BCC removes segwit, cancels the block size limit of 1m, and can support up to 8m block size. By increasing the size of the block, the network can accommodate more transactions at the same time, and bring users a new experience of low transaction cost and fast confirmation speed. Although BCC has changed the original intention of bitcoin technology, it is a new technology attempt, and there are many uncertainties in the future. However, the birth of BCC is not an accident, but an inevitable result
BCC is superior to bitcoin in many places
although bitcoin has been developed for many years, it is relatively mature in all aspects. But BCC is better than bitcoin in many aspects. First, the development team is more decentralized. BTC's development team is relatively single, with only bitcoin core, while BCC's development team has five, namely bitcoin XT, bitcoin classic, bitcoin unlimited, bitcoin ABC and bitprim, which solves the problem of bitcoin development centralization, and can be joined by subsequent teams. The problem of bitcoin expansion has not been solved for a long time, and it has a lot to do with the single developer. Second, bitcoin cash has the advantage of inclusiveness. The most important advantage of BCC compared with BTC is that BCC can do all the technology upgrades that BTC can do. BTC will refuse to upgrade the very important and useful technology that BCC can do. This comprehensive, developed and rapid technology upgrading roadmap will constitute a significant advantage for BCC. Thirdly, BCC's emergency difficulty adjustment mechanism has obvious advantages. Its design is very simple and clear. Its successful implementation ensures the success and existence of BCC's blockchain assets. Although this mechanism now has shortcomings, making its difficulty rise and fall not smooth enough, it will bring about a large fluctuation of computing power. But the problem will eventually be solved. Of course, in addition to these three main advantages, BCC has other advantages compared with bitcoin, such as low payment fees, fast confirmation and so on
BCC is the common choice of users and the market
the reason why BCC has the present status is also the common choice of users and the market. No matter how good a proct is, it can not develop for a long time without the support of users and market. Although BCC has been developed for a short time, there are many users and trading platforms supporting BCC. At present, BCC has been supported by more than 100 trading markets around the world, and bitcoin has more than 400 trading markets around the world. There are also many wallet providers that start to support BCC under multiple requests from users, such as blockchain.info
it can be seen that the reason why BCC can be ranked third in the market value is not only related to the time of its emergence, but also inseparable from its own advantages and market demand.
7. BCC has natural advantages compared with other competitive currencies
BCC is a new type of blockchain asset based on the original bitcoin chain, which has natural advantages compared with other competitive currencies
BCC and BTC are proced in a ratio of 1:1. At present, BCC and BTC have almost the same user base and are supported by a wide range of exchanges and wallets. BCC has a larger block, which can truly realize the "point-to-point encrypted e-cash system" mentioned in the bitcoin white paper
the birth of BCC is not occasional, it is the inevitable result of historical development, and it is the proct of the competition for expansion. BCC is a decentralized digital currency supported by a community of supporters of a large block. BCC was born out of Bu expansion scheme, but bu team's code ability is not strong, and it still has 40% computing power support of the whole network, which is far ahead of other expansion schemes.
8. When the mining income of BCC is lower than that of BTC, the computing power will be reced and the speed of block proction will be slower. If the interval between the past six blocks is more than 12 hours, it will rece the difficulty by 20% in each block. It is precisely because of this emergency difficulty adjustment mechanism that the difficulty of BCC will drop greatly sometimes.
9. Bitcoin cash (BCC), in English, is a new type of blockchain asset proced by a hard bifurcation of bitcoin. It is a decentralized digital currency supported by a community of large block supporters. BCC removes segwit, cancels the limitation of 1m block size, supports 8m block size at most, and adheres to the expansion route on the chain. The purpose is to better realize the "point-to-point encrypted e-cash system" described in Nakamoto's white paper
BCC started mining at 20:00 on August 1, and separated from the bitcoin main chain in block 478559. The first BCC block was excavated in viabtc, the Chinese ore pool, and then the next block 478560 was excavated. Before the separation from the main chain, the data stored in the blockchain and the running software are compatible with all bitcoin nodes. After the separation from the main chain, it begins to execute new code and package large blocks. Thus, a new BCC blockchain is born, and BCC also begins to develop independently.
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