Taxman gets the boot: Bitcoin Cash Node emerges as victor of hard fork

Taxman gets the boot: Bitcoin Cash Node emerges as victor of hard fork


The Bitcoin Cash network just went through yet another fork after originally being created as a hard fork from the Bitcoin (BTC) blockchain in August 2017. The hard fork on Nov. 15 split the Bitcoin Cash network into two new blockchains, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). The main difference between the two is the 8% tax on gross rewards that miners must pay to BCH ABC’s development team.

Among the two networks, Bitcoin Cash ABC received very little hash power, while Bitcoin Cash Node obtained the majority, indicating that miners may generally favor BCHN over BCHA. The last common Bitcoin Cash block mined before the fork was by Binance, and the first block that split the blockchain into two was mined by AntPool.

Yet another fork

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This is not the first time that the Bitcoin Cash community has witnessed a forking event. The network’s very first fork occurred in August 2017, followed by another fork

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