What Coins Forked from Bitcoin Cash (BCH)?266
Bitcoin Cash (BCH) emerged as a hard fork of Bitcoin (BTC) in August 2017. Since its inception, BCH has itself undergone several forks, resulting in the creation of multiple alternative cryptocurrencies. Here are the notable coins that forked from Bitcoin Cash:
Bitcoin SV (BSV)
Bitcoin SV (Satoshi Vision) emerged from a contentious hard fork of BCH in November 2018. Led by Craig Wright, who claims to be the pseudonym Satoshi Nakamoto, BSV seeks to restore the original Bitcoin protocol as envisioned by its creator. It emphasizes larger block sizes, unbounded script capabilities, and a focus on scaling and stability.
Bitcoin ABC (BCHA)
Bitcoin ABC (Adjustable Blocksize Cap) was created as part of the same hard fork that led to BSV. It represents the continuation of the original BCH development team's vision for the project. BCHA retains the 32MB block size and Flexible Block Reward (FBR) mechanisms, focusing on transaction throughput and affordability.
Bitcoin Unlimited (BTU)
Bitcoin Unlimited (BTU) emerged as a response to the block size debate. It was initially proposed as a soft fork to increase block sizes but later switched to a hard fork in May 2018. BTU advocates for an unbounded block size, allowing the network to handle a larger volume of transactions.
BSV Plus (BSV+)
BSV Plus (BSV+) was forked from BSV in February 2020. It claims to offer improved transaction speed, lower fees, and enhanced security features. BSV+ aims to create a parallel ecosystem to BSV, offering developers and users an alternative platform for building applications and utilizing cryptocurrency.
eCash (XEC)
eCash (XEC) was originally known as Bitcoin Cash ABC and later rebranded in July 2021. It is a continuation of the Bitcoin ABC development team's efforts, with a renewed focus on digital cash applications and financial inclusion. eCash emphasizes low transaction fees, fast confirmation times, and a user-friendly experience for everyday payments.
GaiaX (GAIA)
GaiaX (GAIA) emerged as a hard fork of BCH in March 2021. It aims to enhance network security, scalability, and transaction privacy. GAIA introduces a Proof-of-Importance (PoI) consensus mechanism, which rewards miners based on their transaction history and the age of their coins.
Conclusion
The Bitcoin Cash ecosystem has evolved significantly through multiple forks, resulting in a diverse range of alternative cryptocurrencies. Each coin represents a unique approach to scalability, transaction fees, and technical features. As the cryptocurrency landscape continues to evolve, these coins continue to play an important role in shaping the future of digital currencies and blockchain technology.
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