Bitcoin Candy (the term given to Bitcoin cash hard fork) will go live, and it is aimed at correcting difficulties arising as a result of too much block being generated within a short time and periods of stagnation in block production. It will go live on January 13th, 2018. The hard fork which has the potential to create two block chains, both having its own set of coins. Bitcoin Candy is based on an 8MB blocksize limit and Difficulty Adjustment Algorithm (DAA). It will increase the number of transactions that can be supported by the blockchain per second. The entire Bitcoin community is interested in the Bitcoin candy which will occur in 95 blocks away.
As with other Hard fork cases, the question is, “how will it improve things?” Bitcoin Cash hard forks will bring many changes to the way transactions are handled, by creating a really quick block time of two minutes during which the total supply of 21 Billion, instead of million. The effectiveness of this is yet to be seen, as high-supply currencies do not always great performers.
BITCOIN CANDY IS A FREE AIRDROP FOR BCH HOLDERS.
The Bitcoin hard fork utilizes the Equihash mining algorithm as proof of work. Additionally, it does not have a SegWit, which is a genuine cause for a surprise to anyone whatsoever. These aspects will go live on the mainnet once Bitcoin Cash reaches the 512,666-block height. Then, BCH holders will receive 1,000 Bitcoin Candy per BCH they own. Moving forward, that is an interesting Airdrop worth paying attention to.
Meanwhile, it is quite perturbing to know that Bitcoin Candy does not have a particular roadmap but is sure to happen, and real soon. The only seeming vision for Bitcoin candy is the inherent desire to make some quick money. Given that 1% of Bitcoin is pre-mined, the occurrence of Bitcoin candy is pretty imminent. It is left to be seen whether CDY is of great interest to the public, although it is quite obvious that the love of free money is a fundamental part of human nature. Whether these coins will be worth something, remains to be seen as time and events unfold.
It is quite exhilarating to see a Bitcoin Candy which is not an airdrop for Bitcoin users. Since the teams on both sides of the divide believe in Bitcoin Cash, they chose that blockchain for their hard fork. It makes so much sense logically but lacks a guarantee of success. CoinEx seems to be the only one pledging support for the Bitcoin candy, with the others are yet to make an official statement to confirm their support.