CRYPTO LABS( https://t.me/cryptoolab)🔬 (For the CRYPTO NOOBS),
💢 BITCOIN CASH(BCC) FACTS 💢
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👉🏻 BCC stands for "Bitcoin Cash" which is going to be a cryptocurrency formed by the Bitcoin (BTC) MASF (Miner Activated Soft Fork) on 01/08/2017
👉🏻 After the fork, the BTC block chain will split into to two chains and one will continue to be the BTC blockchain whereas the other will be BCC blockchain.
👉🏻 If you hold certain amount of Bitcoin in a wallet where you control the private key or a supported exchange (bittrex), you will receive the same amount of BCC as your BTC amount automatically. Cool right?? 😂
👉🏻 Who's gonna run the BCC blockchain? This is a very important question. As far as miners are concerned, high percentage of Chinese miners shown their desire to run BCC network. However, the developers behind BCC are ex members of the BTC developers. They may get more acceptance than the hundreds of other coins that are floating around. Definitely it won’t be similar to BTC, but may not fade off either.
👉🏻 There won't be a fixed initial value for BCC, it will solely depend upon the demand and supply (even though it's being traded at a certain price as we speak)
👉🏻 BTC and BCC Coins will differ in the transaction signatures. The ledgers will start with the same value. Ledger is an entry against your wallet id of the number of coins that you are holding.
👉🏻 BCC blocks will be larger in size (8MB), Hence, the transaction speed will be faster and fees will be lower as well.
👉🏻 Remember!!! Most importantly, all these facts are just speculations. And monitor all the activities revolving around the fork.
🚫DON'T CONDUCT BTC TRANSACTIONS DURING THE FORK🚫
Hope you got an idea about Bitcoin Cash (BCC), We will update you as soon as we get inside info/ updates 💯😃
Cheers 🤘🏻
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