The Bitcoin Cash network has experienced the second hard fork in its history at block height 661647 and triggered a split into two separate chains: BCHN and BCHABC. The BCHN chain managed to mine the first block and leading for the BCH ticker.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
According to coin.dance, the last 1000 bitcoin cash blocks have been mainly mined by BCHN nodes (847 blocks), while BCHABC has not mined any block yet.
This is not the first split of the Bitcoin Cash network. On 15 November 2018, a hard fork chain split of Bitcoin Cash occurred between two rival factions called Bitcoin Cash (BCH) and Bitcoin SV (BSV).
At press time, bitcoin cash is trading at $243 (-5.25%).
The fork happened as the Bitcoin Cash Node and the Bitcoin Cash ABC communities have not managed to find a consensus on what the future rules of the mining should be. The Bitcoin Cash ABC community calls for a new "Coinbase Rule," according to which a portion of the block reward (around 8%) should be distributed to the developer team.
If you are looking for a crypto trading platform to trade your assets, visit Gozo.pro, a safe and reliable exchange.