BCH vs. BCC: Understanding the Bitcoin Cash Fork62

## Introduction
Bitcoin Cash (BCH) and Bitcoin Cash ABC (BCC) are two cryptocurrencies that emerged from a contentious fork in the Bitcoin blockchain in August 2017. The fork occurred due to a disagreement among Bitcoin developers over the best way to address the network's scalability issues.
## The Bitcoin Fork
In 2017, the Bitcoin blockchain was experiencing significant congestion, leading to long transaction times and high transaction fees. Two main proposals emerged to address this issue:
- Block size increase: Proposed by a group led by Roger Ver and Jihan Wu, this plan aimed to increase the size of Bitcoin blocks from 1MB to 8MB, allowing more transactions to be processed per block.
- SegWit (Segregated Witness): Proposed by a group led by Bitcoin Core developers, this plan aimed to reduce the size of Bitcoin transactions by separating the witness data from the block, freeing up block space for more transactions.
## Creation of BCH and BCC
The block size increase proposal was ultimately rejected by Bitcoin Core developers, leading to a hard fork in the Bitcoin blockchain on August 1, 2017. The new blockchain, originally referred to as "Bitcoin Cash," inherited the transaction history of the original Bitcoin blockchain but adopted the increased block size of 8MB.
However, the BCH community later split again in November 2018 over a disagreement regarding the implementation of a new scaling technique called "CashShuffle." Two new cryptocurrencies emerged from this split: Bitcoin Cash (BCH) and Bitcoin Cash ABC (BCC).
## BCH vs. BCC: Key Differences
The main difference between BCH and BCC lies in their approach to scaling:
- BCH: Maintains the original 8MB block size increase and does not implement CashShuffle.
- BCC: Implements CashShuffle and increases the block size to 32MB. CashShuffle is a privacy-enhancing technique that aims to increase the anonymity of transactions on the BCH network.
## Technical Specifications
| Feature | BCH | BCC |
|---|---|---|
| Block Size | 8MB | 32MB |
| Scaling Technique | None | CashShuffle |
| Consensus Algorithm | SHA-256 | SHA-256 |
| Supply | 21,000,000 | 21,000,000 |
## Market Performance
Both BCH and BCC have experienced significant price fluctuations since their inception. BCH initially gained substantial value after the fork, reaching a high of over $4,000 in December 2017. However, it has since declined in value and currently trades around $100.
BCC, on the other hand, has generally followed a similar price trend to BCH. However, its price movements have been more volatile, and it currently trades around $50.
## Conclusion
BCH and BCC are two cryptocurrencies that emerged from a fork in the Bitcoin blockchain. While they share some similarities, they differ in their approach to scaling and transaction privacy. Both coins have experienced significant price volatility, and their future growth and adoption remain uncertain.

2024-12-31

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