Hinne Bitcoin Cash - BCC/BTC
Bitcoin Cash (BCC)
BCC is a digital currency created after the hard fork of the Bitcoin chain. It was started by bitcoin miners and developers who are equally concerned about the future of cryptocurrency and its ability to scale effectively. However, these people had reservations about the adoption of the SegWit2x technology on which BCC was based. The main caveat was that it did not significantly address the fundamental problem of scalability, nor did it follow the plan initially outlined by Satoshi Nakamoto - the anonymous person or group of people who first proposed the blockchain technology that underpins all cryptocurrencies.
Therefore, in August 2017, some miners and developers initiated a hard fork, effectively creating a new currency: BCC. BCC has its own blockchain and specifications, including one very important distinction from the original bitcoin - increased block size to 8MB to speed up the verification process, and an adjustable difficulty level to ensure chain survival and transaction verification speed, regardless of the number of miners serving it.
In 2018, the maximum block size for BCC was quadrupled to 32 MB, but the actual block sizes remained only a small part of the 32 MB limit. Bitcoin Cash is therefore able to process transactions faster than the Bitcoin network, which means waiting times are shorter and transaction processing fees are usually lower. The Bitcoin Cash network can handle significantly more transactions per second than the Bitcoin network. However, faster transaction verification times also have disadvantages. One potential problem with the larger block size associated with BCC is that it is network security.
The debate on scalability, transaction processing, and locks also continued after the fork of the chain that led to Bitcoin Cash. For example, in November 2018, the Bitcoin Cash network experienced its own hard fork, which led to the creation of another bitcoin derivative called Bitcoin Satoshi Vision (BSV). Bitcoin SV was created to stay true to the original bitcoin vision Satoshi Nakamoto described in the Bitcoin whitepaper, while making modifications to facilitate scalability and faster transaction speeds. Nevertheless, despite the technology in place, the debate over the future of bitcoin has yet to show any concrete signs of a solution.
Get acclimatised to crypto with Zonda Global
Say hello to Zonda. Whether you're a seasoned investor or just starting out, you can buy and sell over 50 currencies on our regulated crypto exchange.
We have received our official license in Lithuania
It’s just one more step on our journey of expansion throughout Europe and, ultimately, the world.
Further details regarding the Flare (FLR) airdrop
Find out how you can proceed with the next part of the FLR airdrop
Cardano (ADA) network upgrade and hard fork
Cardano (ADA) network upgrade and hard fork is expected to take place at block height 8,403,208 on 14-02-2023 at ...
Join the Zonda Pay affiliate program and earn a 20% commission!
We’re offering handsome rewards to users that help us to onboard new clients - sign up and start earning a ...
Several crypto transfers will be unavailable on 21 January 2023, from 14pm-17pm (UTC)
We are launching Flare (FLR) Airdrop and FLR/PLN market on 19.01.2023 at 2pm (GMT+1)
Are you ready for the Flare (FLR) Airdrop?
Scheduled Maintenance on January 19
Introducing our New Year’s BTC and ETH trading competition
Prove your skills trading BTC and ETH and win up to 10,000 PLN
Limited deposits and withdrawals on 06.01.2023
Due to public holiday, deposits and withdrawals via some channels will be unavailable tomorrow, 06.01.2023
We will be delisting several markets on 11.01.2023
Due to minimal volume and limited use, we will be delisting the following markets
3.03 The Dow theory: principles and statements
This lesson helps you understand the principles and statements of Dow’s theory.
3.05 Candlestick charts and patterns
This lesson focuses on understanding candlestick charts and patterns.
2.05 Bid-Ask spread and slippage
This lesson explains bid-ask spread and slippage.
2.04 Understanding market capitalization
This lesson centers on understanding cryptocurrency market capitalization.
2.03 Common crypto trading terms
This lesson is a compilation of the most commonly used crypto trading terms.
2.02 How to start cryptocurrency trading
This lesson explains a step-by-step process on how to start cryptocurrency trading.
2.01 Why to invest in cryptocurrencies
This lesson explains why cryptocurrencies might be a good asset to include in your investment portfolio.
3.02 Understanding technical analysis
This lesson helps you understand technical analysis in crypto trading.
3.01 What is fundamental analysis in crypto?
This lesson walks you through the fundamental analysis of cryptocurrencies.
3.04 What are the types of charts? How to read a chart?
This lesson explains how to read a chart and types of charts in technical analysis.
Crypto Trends in October 2022
It’s October! What's trending in crypto this month?
Crypto Trends in September 2022
It’s September! What's trending in crypto this month?
Bitcoin Showing Signs of Resurgence After Catastrophic Dip: What's Contributed?
The Crypto Winter looms even as Bitcoin’s price shows signs of stabilising and resurging. Read on to discover ...
Tesla Sells Bitcoin Holdings: Will This See the Beginning of a Trend for Other Businesses Who Hold Crypto?
All About Crypto Seasonality
The total market capitalization of the top 100 cryptocurrencies has increased over the past seven years from ...
Getting to Grips with Arbitrage
The world of trading has many different tricks and tools refined over the years by strategists and financiers, ...
The Crypto Winter: Are There Any Advantages?
It seems that another crypto winter is among us, but what does it mean and are there any advantages? Click here ...
The Comparisons Between the 2018 Crypto Bear Market and Now: Are They Useful?
Cryptocurrency is currently heading into another bear market. Click here to find out how noting comparisons can ...
The Blossoming Intersection of Fashion and Crypto: What Does the Future Hold?
Over the last few years, fashion and crypto have been entwined together. Click here to find out what this means ...
Could Post-Merge Ethereum Have a Centralization Problem?
Ethereum recently completed its merge into Ethereum 2.0. Click here to find out if this will bring about a ...