What does Bitcoin BCC mean

What does Bitcoin BCC mean? In the field of blockchain, it can be referred to as “BCC” (Bitcoin Business Chain) The total supply of Bitcoin (BTC) is 21 million units. According to the Bitcoin White Paper, each Bitcoin represents a block, which contains the hash value and recipient address of a transaction, as well as other participants in the entire network. Due to its special nature, this digital asset can easily be understood as a new Cryptocurrency. But currently, this is just the tip of the iceberg. (CoinDesk)

According to previous reports, Craig Wright, one of the Bitcoin Core development teams, proposed the concept of Bitcoin ABC in October 2019. He announced his own Bitcoin improvement proposal in early 2020, and said: “We believe that Bitcoin Cash cash should use forked coins like Ethereum to maintain security.” In addition, he said that the first choice of Bitcoin supporters is to use PoS mechanism instead of hard coding, and then improve the working efficiency of Bitcoin by changing the code to Pow consensus algorithm. If Bitcoin wants to continue its development, it must rely on miners, as they need more work to ensure they can sustain their operations According to Coindesk, BitCoinCash (BCH) is the first open source version developed based on Bitcoin blockchain. According to BitMEXResearch, as of May 17, Bch achieved double-digit growth in the first quarter of 2018, but the project is still in the testing phase and is expected to be launched later this year. In addition, according to the bitinfocharts.com website, Bech is currently collaborating with some large exchanges to support trading functions and provide other services.