Many articles have announced that Bitcoin Cash, the proposed fork of Bitcoin, will go by the ticker symbol BCC. However if you look at the top coins from Coinmarketcap you can clearly see that the ticker is already in use.
So the question is can Bitcoin Cash use the ticker, if it is already in use by a top 11 coin? Why is Bitcoin Cash not called BTCC instead?
Considerations for any fork of BTC
Since Bitcoin is reliant on miners for network security, how many miners will decide to mine this new coin? If not many miners choose to mine this coin, but many very powerful ASIC miners exist that could mine it, it is very possible to conduct 51% attacks more easily on this new coin. Will we see an effort of real Bitcoin miners to try and sabotage the security of this new coin by trying a 51% attack?
There will be no fork on the blockchain. BCC will be a new Bitcoin clone that will be already mined to a point before SEGWIT is activated.
Yes this is correct, it's essentially a sharedrop which is pretty similar to what a lot of the graphene chains do.
where you going. post up . i like you post .
I think that if bitcoin really split, it will be only the first sign of its demise comparing to other cryptos. It will slowly loose total market cap.
It's not technically a split, it's more akin to a sharedrop. It's not like how a normal blockchain fork works. I don't believe that there is a significant majority of users or miners willing to support this chain. It's essentially an altcoin just like litecoin, but has 8mb blocks and a sharedrop to holders.
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But if you are a Miner and BIP91 is activated, you have a day or two to match the soft-fork of BIP91. If you do not, you risk mining unacceptable blocks. July 23: lock-in BIP91
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I think it will be mined before SEGWIT approach is activated