Bitcoin Candy: Bitcoin Cash hard fork is on the way

Bitcoin Candy is a fork of Bitcoin Cash that is stated to occur at block height 512666 on January 13 and is going to apply anti-quantum attacks solutions of Bitcoin
11 January 2018   1349

The team of Bitcoin Candy has announced on the official website of the fork that Bitcoin Cash will undergo a hard fork at block height 512666, after which some of the improvements proposed by the community will be added to the forked chain. They are planning to explore anti-quantum attacks solution of Bitcoin based on the cryptography background.

The main features of Bitcoin Candy are stated as follows:

  • Fast: Block interval adjusted to two minutes
  • Lower threshold: Total supply adjusted to 21 billion
  • Decentralization: Equihash (GPU) PoW algorithm
  • Safe: Anti-quantum attack exploration and no SegWit

Bitcoin Candy logoBitcoin Candy logo

Other important features of Bitcoin Candy enlisted on the official website of the hard fork:

  • Hardfork height: 512666(Bitcoin Cash)
  • Estimated hardfork time: 2018/01/13
  • PoW algorithm: EQUIHASH(GPU)
  • Supply: 21 billion
  • Distribution ratio: 1:1000
  • Pre-mine: Yes, 1% of supply will be pre-mined
  • Block interval: 2 minutes
  • Replay protection: Yes
  • Block size: 8M
  • Segwit: No
  • Difficulty adjustment: Difficulty adjustment

Two Mining Pools to Gain 50% of the BCH Hashrate

Media reports that Coingeek and BMG Pool are affilated with odious Australian entrepreneur Craig Wright
18 September 2018   222

The centralization of Bitcoin Cash mining has reached a new level after only two pools - Coingeek and BMG Pool - have established control over more than 50% of the total network hash. This is reported by Trustnodes.

Bitcoin Cash Mining Pools
Bitcoin Cash Mining Pools

Earlier today, there were also reports that at some points the aggregate capacity of both pools reached 58%.

While BMG Pool directly belongs to the odious Australian entrepreneur Craig Wright, the no less scandalous Calvin Ayre, who maintains close ties with Wright, is considered the nominal owner of Coingeek.

The current situation, the media believes, does not exclude the possibility of collusion of the 51% attack on the network. In particular, in this case there is a probability of double spend of coins, which, accordingly, will force the exchange to increase the number of required transaction confirmations.

At the same time, the current situation is likely to be a demonstration of power by Craig Wright on the eve of the November upgrade of the network. As a result of disagreements between different groups of developers, it is still possible that Bitcoin Cash, which at one time split from bitcoin, will itself be split into two separate chains.

Note that the Bitcoin Cash hashrate on the whole continues to remain at a fairly low level, accounting for less than 8% of the bitcoin.