What‘s the Name of the Blockchain Behind Bitcoin Cash (BCH)?224
Bitcoin Cash (BCH) is a decentralized digital currency that was created as a hard fork of the Bitcoin blockchain in August 2017. Since its inception, BCH has undergone several upgrades and improvements, resulting in several blockchain iterations. To understand what blockchain BCH currently operates on, let's delve into the history of its blockchain.
Original Bitcoin Blockchain
BCH initially operated on the same blockchain as Bitcoin. When it was created in 2009, it inherited the core principles and infrastructure of the original Bitcoin blockchain. This blockchain is commonly referred to as the "Bitcoin blockchain".
Bitcoin Fork and Bitcoin Cash
In 2017, a debate emerged within the Bitcoin community regarding the scalability and transaction fees of the blockchain. Some members advocated for increasing the block size to accommodate more transactions, while others favored keeping the block size small to maintain decentralization. This disagreement led to a hard fork in the blockchain, resulting in the creation of Bitcoin Cash.
Bitcoin Cash (BCH) retained the original Bitcoin blockchain up until block 478558, which was the point of the hard fork. From that point forward, BCH began operating on its own independent blockchain.
Bitcoin Cash Blockchain (BCH Blockchain)
The blockchain that BCH currently operates on is known as the "Bitcoin Cash blockchain". It is a decentralized, peer-to-peer network that records and verifies transactions using a distributed ledger technology. The BCH blockchain is distinct from the Bitcoin blockchain and has its own set of rules, block size, and transaction fees.
Upgrades and Iterations
Since its inception, the Bitcoin Cash blockchain has undergone several upgrades to improve its functionality and scalability. These upgrades have resulted in different versions of the blockchain:
Bitcoin Cash ABC (BAB): This is the original version of the BCH blockchain that was created in 2017.
Bitcoin SV (BSV): BSV is a fork of the BCH blockchain that occurred in 2018. It aimed to revert to the original Bitcoin protocol and increase the block size.
Bitcoin Cash Node (BCHN): BCHN is a fork of the BCH blockchain that occurred in 2020. It seeks to preserve the original design of Bitcoin without scaling.
Bitcoin Cash ABC (BCH ABC): BCH ABC is a rebrand of BAB in 2023. It is the most widely used version of the BCH blockchain.
Current Blockchain
As of 2023, Bitcoin Cash (BCH) operates on the Bitcoin Cash ABC (BCH ABC) blockchain. This is the most widely used version of the BCH blockchain and is supported by most BCH wallets and exchanges.
Summary
The blockchain that Bitcoin Cash (BCH) operates on has evolved over time, reflecting its ongoing development and upgrades. It started on the original Bitcoin blockchain, forked to create its own independent BCH blockchain, and has since undergone further iterations to improve functionality. Currently, BCH operates on the Bitcoin Cash ABC (BCH ABC) blockchain, which is the most widely used version.
2025-02-21
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