BlockExplorer to support Bitcoin Cash

The informational service about Bitcoin blocks BlockExplorer announced adding support for Bitcoin Cash from January 10
10 January 2018   1204

On January 10, the website, which provides information about the new blocks of Bitcoin, has published an announcement stating that it will be supporting Bitcoin Cash over Bitcoin, which was described as currently having a negative momentum path in terms of utility. The service stated that it will go as far as to change the default to show Bitcoin Cash over Bitcoin Legacy.

At such a time, we will refer to Bitcoin Cash as Bitcoin only, but will make some effort to not break API calls by changing URLs of legacy automated systems.

Rick Falkvinge

Chief Executive Officer, BlockExplorer

The chief executive officer of BlockExplorer stated that they have made a decision to support the only Bitcoin fork with a "postive utility momentum", which they think is Bitcoin Cash. The Bitcoin Cash block explorer will be introduced and they will continue to launch related services.

blockexplorer information about Bitcoin Cash blocksBlockExplorer information about Bitcoin Cash blocks

Moreover, it was stated in the announcement that BlockExplorer will also maintain tools for other cryptocurrencies they find appealing, such as ZCash, due to its increased privacy value.

At the moment of press, these are the main market parameters of Bitcoin Cash:

  • Average Price: $2 394,28
  • Market Cap: $40 471 891 551
  • 24h Volume: $1 317 580 000 

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   531

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.