What are bcc and bch (is bcc bch)
. These two protocols are Cryptocurrency that use the Bitcoin blockchain as a consensus mechanism. According to Bitcoin Cash website data, on November 15, 2019, more than 100 million wallet addresses received Bitcoin Cash cash (BCH). At present, some applications have announced that they will adopt this model. Vitalik Buterin, the founder of Ethereum, also said: “Now we all know that to become a decentralized network, we need a reliable transport layer.”
Is bcc bch
Editor’s Note: This article is from the Caiyun blockchain (ID: cybtc_com), and the Daily Planet has been authorized to reprint it
BCC is the forked currency of Bitcoin Cash cash protocol. Similar to Bitcoin ABC and Bitcoin Cash, it is the hard forked currency of BCH, but there is no development team behind it, so what is it? Why do you say that? Because literally, “BCHSV” is actually “bitcoin ash”, and there is a very important difference – it is a token issued on the network by a bunch of Cryptocurrency supporters. These two types of tokens have their own characteristics: the first is recognized by the community and influential people to receive Bitcoin rewards through this method, while the other is an unfriendly way for users, such as using Bitcoin to exchange for gold. If you want to exchange a digital asset for another virtual item, the ERC20 token can be used as a Medium of exchange, that is, to transfer BTC/USDT or other types of Cryptocurrency to your wallet. The second type is the process of using smart contract technology to generate tokens, which is very complex and time-consuming, requiring a lot of computing power and resources to complete, thus forming a feasible solution. The third type of token is called SBT, but there are also some issues, such as the inability to identify the token itself, its ownership or purpose, and even being attacked by hackers. The fourth type of token is also known as a POW, but some people believe that these tokens may all be the same. The fifth main feature is that they are not completely independent of the nodes in the Ethereum network, and they also belong to the public Distributed database, of which only a few nodes can process block data and provide storage services.
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