What does bcc fork mean (is bch fork market rising or falling)?
What does bcc fork mean? Literally, the fork of Bitcoin is an important change
What does bcc fork mean? Literally, the fork of Bitcoin is an important change in the blockchain. It means “ABC” or “BCC”, indicating a new round of upgrades on the original Bitcoin code. The reason for this hard fork is similar to some previous problems in the Bitcoin network, where the Bitcoin protocol itself has some vulnerabilities that result in users losing their assets; at the same time, this project also has a flaw, as when new software developers want to launch their own applications based on the Ethereum blockchain, their plans will be denied support.
If Bitcoin Core is considered a decentralized open-source platform or a trustworthy third-party application, then this type of protocol is created and operated by the Bitcoin Association. So what does Bitcoin Cash fork mean? Simply put, it means combining two separate parts on the Bitcoin blockchain into one, so that the so-called two independent public chains can communicate and interact with each other.
Is bch fork market rising or falling?
According to coindesk analysis, the price of forked coins BCH and BSV surged earlier today. According to CoinMarketCap data, both Bitcoin Cash (BTC) and BCHABC have shown a bullish trend on the daily chart, with an apparent low correlation between the two. On the hourly chart, the market is in a sideways adjustment phase, and bearish momentum has increased. On the weekly chart, the bullish trading force weakens, but the bears still have the upper hand, and breaking below the BOLL lower support level will further trigger bearish selling behavior.
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