The BCH network makes use of the Bitcoin ABC, which is a node client used by Bitcoin Cash. The node has announced its support for the BTC.

TOP’s mining tax proposal, which was announced earlier this year.

The tax has been reduced from 12.5% in block rewards to 5% in block rewards.  The reason for the current difference in opinion is the ideology of the tax.  Bitcoin Unlimited, the Rival Node has opposed the tax, and they are not going to benefit from the tax in any way. It is still not clear as to whether the tax will be exclusively for entities like Bitcoin ABC, BCHD, and Electron Cash or if the miner who gets the block will choose the recipient of the donation.

For whatever reason, several users are unhappy with the tax. This is because empowering a sect of miners and developers to set the path of taxation might eventually lead to them dominating the plans on the community henceforth, which is not desirable in a decentralized economy.

The critical element here is that what a few miners think is good for Bitcoin need not be good for the whole community. There might probably be a switch over to other nodes by those who do not like the way things are progressing in the current node in the discussion. So, it is expected that there will be a further splitting in the community. 

Looking Back on Bitcoin Cash

Sydney Ifergan, the Crypto Expert, tweeted:  “The noise around Bitcoin Cash will never end.  It is we who need to focus on the signals rather than the noise. No matter when or where Bitcoin Cash falls, it will surge again. Period.”

Downloading a wallet is the first step to getting started with Bitcoin Cash for participation in the Bitcoin Economy.

Several of these wallets are free to use, and they come with essential features like sending funds, storing funds, receiving funds, making transaction lookups, and more. The easiest way to buy Bitcoin Cash is to either Buy it or work for it.

Buying is considered to be the most convenient way. Depositing fiat and converting it into Bitcoin Cash is the easiest way. Bitcoin Cash is used for more than just speculation. It was intended for use as a peer-to-peer electronic currency, and therefore it should be spent.

The transactions are fast with sub-cent transaction fees and therefore considered to be the widely used digital currency on the planet. Merchants accept Bitcoin Cash to facilitate fast and low-cost transactions. And, it is already one of the go methods of payment in several online and retail shops.

Users can accept Bitcoin Cash directly, or they use third-party providers to accept Bitcoin cash. All or part of the sale can be converted to fiat currency. The system facilitated around Bitcoin ensures that the transfer of value is frictionless, seamless, instant, and inexpensive.