Home Bitcoin What is Bitcoin Cash II | How BCH2 Works, Use Cases and Values
Bitcoin

What is Bitcoin Cash II | How BCH2 Works, Use Cases and Values

Share


Bitcoin Cash II (BCH2) is a SHA-256 proof-of-work cryptocurrency created through a hard fork of BC2 (BitcoinII) at block height 53,200. BCH2 inherits BC2’s complete transaction history through the fork block while adopting Bitcoin Cash consensus rules, including 32MB blocks, the ASERT difficulty adjustment algorithm, Schnorr signatures, native introspection opcodes, and protocol upgrades through Upgrade 11 (ABLA).

At the time of the fork, all BC2 holders received BCH2 at a 1:1 ratio, with approximately 2,660,000 coins distributed. BCH2 had no premine, no developer allocation, and no ICO. All new coins enter circulation exclusively through mining, following Bitcoin’s original halving schedule with a maximum supply of 21,000,000 and a current block reward of 50 BCH2.

BCH2 launched with a 1-hour ASERT half-life designed for difficulty stability on a new network. At block 92,736, the half-life automatically transitions to 2 days, matching Bitcoin Cash Node (BCHN). This transition is built into the consensus rules and requires no hard fork. SIGHASH_FORKID provides replay protection, ensuring BCH2 and BC2 transactions are independent.

The project also implements DSProof for real-time double-spend detection on unconfirmed transactions, and a witness-via-scriptSig mechanism that allows existing SegWit UTXOs from BC2’s history to be spent on the BCH2 chain. The codebase is built on BitcoinII Core v27.1 and is open source under the MIT license.



Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

SBI Crypto Mining Pool Closes July 31: 2.2% of Bitcoin Hashrate Must Move Now

Miners who have pointed their hardware at SBI Crypto's Bitcoin pool have 27 days to find a new home — and where they...

Will Strategy (MSTR) Stock Reclaim $110 as Bitcoin Sales Fund Buyback Plan?

Strategy (MSTR) stock jumps 7.9% as Bitcoin sales, buybacks and weak 4-hour resistance reshape Strategy’s treasury trade. Written by: Arslan Butt • Monday,...

Related Articles

British olympic sprinter CJ Ujah denies role in alleged cryptocurrency fraud

For free real time breaking news alerts sent straight to your inbox...

Cryptocurrency prices mostly decline with Bitco…

Cryptocurrency prices mostly decline with Bitcoin near $64K amid mixed market movementsMost...

Bitcoin ETFs see $225M outflows as tech earnings dampen risk appetite; Ether ETFs attract $26M inflows. – Pluang

Bitcoin ETFs see $225M outflows as tech earnings dampen risk appetite; Ether...

Bitcoin settles near $65,000 as oil’s march toward $100 fails to spook the market

The crypto market is closing out the week on a constructive note,...