BCH is a product of the hard fork, it is splitted in two blockchainTo understand the Bitcoin cash hard fork split, we first need to understand what the hard fork is basically. A hard fork is a term that is associated with Blockchain Technology. Hard Fork is a major action made in the Blockchain. At this point in time, Blockchain technology gets split into two separate Blockchain.Both the Blockchain become new entities, in which one platform might follow former rules and regulations of the Blockchain platform while the other one makes new rules. Based on support from the wider community of miners and users, any of the two Blockchain platforms may survive or not.Bitcoin Cash (BCH) is a digital cryptocurrency that came into being in 2018 after hardfork in Bitcoin. Bitcoin Cash had split into two currencies earlier\u2013 BCHABC is one of those two split cryptocurrencies but majorly recognized as BCH after previous split.Though BCHABC or BCH is a product of the hard fork, it is now splitted in two chains. BCH splitted into Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC(BCHA). The Blockchain miners has vowed to follow and recognize the Bitcoin Cash Node Chain over the Bitcoin Cash ABC (BHC ABC). Many Miners has decided not to recognize the BCHABC, at all.The main reason behind the occurrence of this split is the \u201cminor tax.\u201d This tax was proposed by the Lead Development Team of BCHABC, to fund further development. However, Miners who now belong to the BHCN team, rejected to pay tax as it will result in less income. This is why the BCH (Bitcoin Cash HardFork) had to split into two different entities. Due to differences between the opinions, the split of the BCH had taken place. This does not impact the Blockchain users much.There are many\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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