What is the situation with BCH (BCH BCC)?

BCH stands for Bitcoin Cash, also known as BitcoinCash. Bitcoin has been continuously developing since its official launch on August 13, 2017. Articles and websites discussing its value proposition began to appear in early 2017. However, it was not until March of this year, when the Bitcoin price plummeted, that people’s confidence in the project increased and the prospects for related projects became uncertain, that the term Bch emerged, along with concepts such as “Lightning Network” and other cryptocurrencies, making Bitcoin more stable. Today, due to various reasons, the price of BCH has rapidly increased, and the market demand for BCH has reached its peak in 2018. By the end of 2019, many companies have announced their support for Bitcoin Cash payments, with MicroStrategy being the largest, stating that it will issue over $500 million worth of BTC as collateral in the first quarter of 2019, in order to provide investment institutions with safer, scalable, and low-risk services and products. Therefore, this release of Bitcoincash is to address this issue. (cryptobriefing)

bch bcc

According to bchbcc.com, the Bitcoin Cash (BCH) community is developing a new transaction format. Over the past year, more and more developers have started using a new protocol called “BCC” (BitcoinCashNode) to improve the blockchain structure and distinguish it from other cryptocurrencies.

In order to change this situation, the bitcoinABC team has created a working method called “BCHBCC”: nodes centered around Bitmain will increase the block size to 128MB. This software allows miners to choose their preferred token as a reward, thereby encouraging the development of newly issued applications. (U.Today)

Previously reported, on November 16, 2019, the tool used by the Bitcoin Core client implementation- BitcoinCore version v1.1.0 was released in the fourth quarter of 2019.