diff --git a/bcha.html b/bcha.html index 78e9032..431d895 100644 --- a/bcha.html +++ b/bcha.html @@ -1,161 +1,161 @@ --- layout: base title: Bitcoin Cash ABC subtitle: About BCHA ---
Want to know more about BCHA? We’ve got you covered!
On November 15, the Bitcoin Cash (BCH) blockchain split into two chains. To tell the two chains apart, each was given a provisional name by exchanges: Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN).
When a chain split happens, one chain will typically hold onto the original cryptocurrency name and ticker, while the other chain will become a separate cryptocurrency with new branding. In this case, BCHN held on to the BCH name and ticker.
That means BCHA will soon be branded with an official coin name, logo, and ticker. When it launches we’ll reach out to exchanges and other businesses directly to make them aware. If you’d like to get notified too, you can sign up here:
Described as innovative by Binance, BCHA has a unique funding feature called the coinbase rule, which reinvests 8% of each BCHA block reward to fund future network development. This funding model rewards the technical talent developing the network through predictable compensation (a salary), whereas BCH relies on a donation funding model instead.
Half of the funds raised by the coinbase rule will finance ongoing roadmap development, so BCHA can scale to become sound money for the world. The other half of the funds will be managed by the Global Network Council—a collection of miners and holders who decide which projects will receive funding to bring value to the network.
Splitting coins can be tricky. The easiest way to split BCH to get your BCHA is to use an exchange, as this tutorial explains. Alternatively, you can use this website, but remember that the splitting process may not always go as planned so you should always test with smaller amounts first.
This wallet software is forked from Electron Cash, with modifications to facilitate use on the BCHA network.
+Upon first use, the software will automatically copy existing Electron Cash wallet files into a new folder specific to Electrum ABC. This allows users to maintain separate wallet histories for either network going forward, and run Electron Cash and Electrum ABC simultaneously to ease coin splitting.
+NOTE: The coins in the wallet will not split automatically. To ensure that transactions are not replayed between BCH (BCHN) and BCHA networks, please refer to one of the coin splitting guides linked at bitcoinabc.org/bcha and make sure your pre-fork coins are safely split prior to transacting on either network (BCH or BCHA).
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