ABC airdrop, ABC chain, Airdrop, Attack, BAB, BAB coin, BCH, BCHA Dump, BCHA Pro, Bitcoin ABC, bitcoin cash, blockchain split, brand launch, Empty Blocks, Fork, Javier González, Mining-dutch, nameless, Nikita Zhavoronkov, Reorg, reorganization, slow, ViaBTC

On November 15, 2020, the Bitcoin Cash blockchain experienced a network upgrade and a bifurcation of the chain as well. While the Bitcoin Cash network continued on smoothly, the ABC pro infrastructure funding plan (IFP) side of the chain had a rocky and extremely slow start. Since the 15th, the nameless ABC chain has seen 197 blocks processed to-date, as a few miners are pointing hashrate at the network keeping the new blockchain going.

Just recently Bitcoin Cash (BCH) endured a network upgrade and a consensus split when the full node project Bitcoin ABC decided to keep the IFP baked into the code. The IFP was very contentious and during the months leading up to the fork, miners and major business operations began switching over to the non-IFP node BCHN and other full node implementations.

The last Bitcoin Cash common block on November 15, 2020, was at block height 661,647 and was mined by Binance. After that point at approximately 12:33 p.m. EST, the ABC pro-IFP side continued on as its own chain, as two distinct blocks were mined. Bitcoin Cash (BCH) was 20 blocks ahead of the ABC chain at this point in time that afternoon.

ABC airdrop, ABC chain, Airdrop, Attack, BAB, BAB coin, BCH, BCHA Dump, BCHA Pro, Bitcoin ABC, bitcoin cash, blockchain split, brand launch, Empty Blocks, Fork, Javier González, Mining-dutch, nameless, Nikita Zhavoronkov, Reorg, reorganization, slow, ViaBTC

As of today, the ABC chain has processed 197 blocks, as miners have dedicated a diminutive amount of SHA256 hashrate to the alternative network. Coin Dance statistics show the ABC airdrop coin has roughly 0.13 exahash per second (EH/s), while BCH has 1.93 EH/s dedicated to the Bitcoin Cash chain.

While ABC’s side found 197 blocks, BCH miners have found 1093 blocks under the new consensus rule. At the time of publication, the ABC chain, otherwise known as “BAB,†has three known mining pools pointing hashrate at the chain. Viabtc, BCHA Pro, and Mining-Dutch are mining the coin, alongside a much larger hashrate of stealth miners.

More than 79% of the ABC airdrop’s network is being mined by an unknown group of miners. During the last 24 hours, the unknown hashrate has been mining consecutive empty blocks. The empty ABC chain blocks also had a coinbase parameter message that once said: “/Nov 25th 2020/.†Although, that coinbase message has changed in recent hours.

On Sunday, Bitcoin Cash proponent Javier González tweeted that the BAB chain was at extreme risk of a blockchain reorganization (reorg). “The BAB empty blocks now include this message: ‘> Nov 25th 2020: bcha dump | http://voluntarism.dev:6174 u/p: x/x,’†González wrote.

A great number of people are speculating on something happening on November 25th, but no one knows what to expect. Yesterday, during the market run-up, BCHA (ABC chain or BAB) was trading for $21 in USDT per coin and on Sunday, the token is swapping for $18.93 per unit on Coinex. If prices were to hover around $18.93 per BAB coin, the token’s overall market cap would be around $350 million. This estimated market valuation would place the nameless ABC chain’s token at the 47th position in terms of market cap.

Meanwhile, a number of crypto enthusiasts have been posting threads on how to split coins. Bitcoinbch.com’s CEO, Hayden Otto, published a video on how to split tokens in an easy fashion by leveraging the Coinex exchange. However, because the unknown miner has been mining empty blocks and the blockchain is much slower than other networks, ABC chain confirmation times can be a very long wait.

Furthermore, on November 20, 2020, the Bitcoin ABC official Twitter account tweeted about the new chain. The team explained that an official brand launch would be coming soon.

“BCHA will soon be branded with an official coin name, logo, and ticker. When it launches we’ll reach out to exchanges and other businesses directly to make them aware,†the ABC team disclosed in a blog post. Unfortunately, the nameless chain has no replay protection, and ABC developers have casually addressed the concern by simply stating: “Splitting the coins can be tricky, so take care.â€

What do you think about the ABC chain’s developments and the new network? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total. However, it took 78 days for the whale’s next move, as another 20 blocks from 2010 were transferred on Wednesday […]

Xem chi tiết: Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

Onchain data indicates that bitcoin transactions per day have plummeted to lows not seen since October 2018. Further, bitcoin transaction fees have dropped 93% after touching a high of $62 per transaction in April 2021. Bitcoin Daily Transaction Rate Dips by 35%, Google Trends Data Shows Interest Has Dropped Since May While bitcoin (BTC) prices […]

Xem chi tiết: As Crypto Interest Winds Down Bitcoin’s Daily Transaction Rate Plummets to Two-Year Lows

$1.4M in Bitcoin Remains Idle — The Curious Case of the 37-Day-Old 2009 Block Reward Spent a Year Ago

Approximately 378 days ago, before the bitcoin bull market started to heat up, a unique block was spent stemming from a coinbase reward created 37 days after the Bitcoin network launched. It seems roughly ten coins from the block reward were sold to an exchange, but 40 bitcoin worth $1.4 million at today’s exchange rates […]

Xem chi tiết: $1.4M in Bitcoin Remains Idle — The Curious Case of the 37-Day-Old 2009 Block Reward Spent a Year Ago

Big Block Breakthrough: 1 Gigabyte BCH Scalenet Block Mined With Raspberry Pi4

While it seems the big block vs. small block debate is over, it is still relevant in the cryptocurrency sphere and some users are still delving into the limits of big blocks. Mtrycz, a writer leveraging the read.cash blogging platform, claims to have mined 1 gigabyte (GB) block using a Raspberry Pi4 on the Bitcoin […]

Xem chi tiết: Big Block Breakthrough: 1 Gigabyte BCH Scalenet Block Mined With Raspberry Pi4

Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower

Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less […]

Xem chi tiết: Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan Energy Regulatory Office plans to hold a meeting on June 2, 2021, […]

Xem chi tiết: Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday. In South Korea, crypto-assets like bitcoin are once again experiencing a ‘kimchi […]

Xem chi tiết: South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday. In South Korea, crypto-assets like bitcoin are once again experiencing a ‘kimchi […]

Xem chi tiết: South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average

Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars

Mecum Auctions Now Accepts Digital Currency Payments for Collector Cars

Bitcoin Dominance Dips to 40%, Top Ten Cryptos Siphon BTC’s Market Supremacy

Bitcoin Cash Argentina Runs Flipstarter to Boost Adoption in the Country

Over 67,000 Fusions: Cashfusion Participants Have Fused Billions of Dollars in Bitcoin Cash

One of Africa’s Oldest Wildlife Conservancies Accepts Crypto Donations

Over 67,000 Fusions: Cashfusion Participants Have Fused Billions of Dollars in Bitcoin Cash

Ethereum Classic Rose 220% This Week, but Why?