What does btc fork mean (current status of btc forked coins)
What does btc fork mean? According to Bitcoin news, btc fork refers to what it m
What does btc fork mean? According to Bitcoin news, btc fork refers to what it means. Btc is divided into two categories: Bitcoin Cash (BCH), Ethereum Classic (ETC), and Litecoin (LTC). These two tokens are exactly the same, but they are not connected to each other. However, when miners decide what they want to mine, two different tokens are created – one is BTC (or other cryptocurrencies), and the other is LTC (or some other small digital assets).
In the blockchain industry, one of the most obvious situations of division is the hard fork and rearrangement of transactions within the network, which leads to the emergence of branches.
Current status of btc forked coins
According to the information released by the BtcCore team, btc forked coins have entered the testing phase. Currently, more than one million block heights have participated in the block generation activity on the test network, but these miners have not received much reward (transaction fees) when mining, and other mining pools have not received any token incentives for voting. In addition, a large number of users express their concerns that the upcoming “lightning loan attack” may cause the Bitcoin network to be temporarily fragmented into many small fragmented assets. (Chain News)
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