What is Bitcoin Cash ABC (BCHA)?
Bitcoin Cash ABC —— A Result of A Hard Fork in Bitcoin Cash (BCH)
- Bitcoin Cash ABC is a cryptocurrency that was created during the Bitcoin Cash chain split on Nov. 15, 2020. The official coin branding and website are coming soon.
- The Bitcoin Cash ABC team plans to make two major changes to the Bitcoin Cash ABC full node software implementation. The first change is the adjustment of algorithm DAA. Bitcoin ABC will implement the aserti3-2d (ASERT) algorithm proposed by Jonathan Toomin and Mark Lundeberg. The other is to add a new Coinbase rule. All newly mined blocks must contain an output that allocates 8% of the newly mined coins to the designated address as development funds.
- Everyone that owned BCH before the chain split now also owns an equal amount of BCHA. But splitting the coins can be tricky, so take care.
Bitcoin Cash ABC Key Metrics
About Bitcoin Cash ABC
Bitcoin Cash ABC is a blockchain and cryptocurrency created on Nov. 15, 2020, as a result of a hard fork in the Bitcoin Cash (BCH) blockchain that split the original chain into two new chains, provisionally called "Bitcoin Cash ABC" and "Bitcoin Cash Node." The latter retained the existing Bitcoin Cash name and ticker, while at the time of the fork, Bitcoin Cash ABC had not yet announced new branding.
Bitcoin Cash ABC is based on the Bitcoin Cash protocol, which is itself a fork of the original Bitcoin (BTC) protocol. It is focused on providing a fast, highly scalable, global cryptocurrency in a manner that is sustainable in the long term. The Bitcoin ABC team plans to make two major changes to the Bitcoin ABC full node software implementation. The first change is the adjustment of algorithm DAA. Bitcoin ABC will implement the aserti3-2d (ASERT) algorithm proposed by Jonathan Toomin and Mark Lundeberg. The other is to add a new Coinbase rule. All newly mined blocks must contain an output that allocates 8% of the newly mined coins to the designated address as development funds.
Bitcoin Cash ABC Project Team
Bitcoin Cash ABC was first announced in 2017 by Amaury Séchet, also known as "Deadalnix," as a software solution for operating a Bitcoin Cash full node. Séchet was highly active in the development of Bitcoin Cash, leading its initial fork away from Bitcoin in August 2017, its continuation after Bitcoin SV (BSV) was forked from it in November 2018, and its most recent fork from Bitcoin Cash in November 2020. As lead developer of Bitcoin Cash ABC, which provided Bitcoin Cash network infrastructure, he was responsible for driving much of the development of Bitcoin Cash.
Antony Zegers is a protocol developer focusing on Bitcoin Cash and a member of the Bitcoin ABC team. He has participated in the establishment of Bitcoin ABC and Bitcoin Cash since May 2017. Anthony holds a bachelor's degree in electrical engineering from the Royal Military College of Canada and a master's degree in electrical engineering from the University of Toronto. Prior to this, Anthony worked for the Canadian Defense Research and Development Agency for twelve years, mainly responsible for operational research and analysis. Anthony used the pseudonym "Mengerian" to publish articles and analyses on the economic and technical aspects of cryptocurrency on the Internet. He has been a Bitcoin enthusiast since 2012.
Jason B. Cox is a software engineer. Inspired by the Bitcoin Cash fork, he started to contribute to Bitcoin ABC shortly after (the fork). He holds a bachelor's degree in computer science from the University of California, Los Angeles. Jason previously worked as a software engineer at LinkedIn, responsible for building a scalable software system that serves billions of users; he is committed to introducing engineering of the same magnitude for Bitcoin Cash.
George Donnelly is the business development manager of Bitcoin ABC. He is a digital marketing professional, serial entrepreneur, Unix/Linux system administrator, science fiction writer and blogger, dedicated to realizing a peer-to-peer electronic cash vision for developing countries (especially Latin America). He speaks fluent Spanish and first met Bitcoin in 2011. He also holds a bachelor's degree in history from the University of Chicago.
Bitcoin Cash ABC Technical Features
BCHA has a unique funding feature called the coinbase rule, which reinvests 8% of each BCHA block reward to fund future network development. This funding model rewards the technical talent developing the network through predictable compensation (a salary), whereas BCH relies on a donation funding model instead.
Half of the funds raised by the coinbase rule will finance ongoing roadmap development, so BCHA can scale to become sound money for the world. The other half of the funds will be managed by the Global Network Council—a collection of miners and holders who decide which projects will receive funding to bring value to the network.