A New Bitcoin Core Comes to Town

There is a new cryptocurrency in town and it is called Bitcoin Core. It is different from the moniker that Bitcoin Cash adopted – calling itself Bitcoin core, as in, the real Bitcoin. This new cryptocurrency is called Bitcoin Core – BTCC.

The Creation of Bitcoin Core

BTCC was created from the hard fork or a hard fork of Bitcoin Cash.

Basically, when Bitcoin Cash went through its hard fork in November 2017 to fix the problem in the crypto’s mining algorithm, a small group of developers did not agree with the fix. Therefore, these developers split from the main group and created a separate crypto called Bitcoin Clashic.

However, this new Blockchain did not address the issue and so faded away in a few months. Before it faded away, another small group of developers within the Bitcoin Clashic community also forked away a couple of weeks ago from this blockchain. This group was able to fix the issues related to the mining algorithm but it left out the updates that the main Bitcoin Cash group had made in its latest hard fork.

The main difference between Bitcoin Cash and Bitcoin Core is the attitude towards Bitcoin. Bitcoin Cash has always positioned itself as a direct competitor and the real Bitcoin Blockchain, true to Satoshi Nakamoto’s ideals. Bitcoin Core, on the other hand, is positioning itself as a complement to Bitcoin.

Branding Wars and Trolling

The biggest bugbear that Bitcoin Cash has against Bitcoin is that the “core” group has moved away from what Satoshi Nakamoto had intended the Blockchain to be and that BCH is the true Bitcoin Blockchain. This stance has led to a branding war, mostly perpetrated by BCH proponents. And the new player is taking advantage of these branding wars to gain attention.

BTCC is now trolling BCH with regard to its stance towards BTC. And since trolling is hugely appreciated as a way of displaying disdain in the crypto-community, people are taking notice of BTCC.

The Serious Side of BTCC

The thing is, this cryptocurrency wasn’t just created as a means to make fun of BCH. It has a more serious purpose too. According to a source from Bitcoin Core, this Blockchain was created to be an experimental testbed, as a contributor to the main Bitcoin Blockchain.

The Blockchain will also focus on delivering unique value propositions, while sticking to the core values put in place by Satoshi Nakamoto. However, there is one way in which this new crypto is going to differ from BTC, and that is by increasing the privacy features and adding confidential transactions to hide users’ account balances.

Right now, however, the new cryptocurrency isn’t being taken too seriously since people are still enjoying the trolling that is taking place.