Bitcoin BLAKE2b developers are preparing a change that would stop miners from using newly mined BTCB2 immediately, setting a 45-day waiting period instead. The proposal is slated to take effect at block height 973440. The chain forked from Bitcoin on Aug. 8, and its native token appears on some trading platforms under the names Bitcoin BLAKE2b, Bitcoin BIP-110, or XBT. BTCB2 has fallen 84% from its September peak of $1,799, with trading in recent hours around $270 to $315. Developer Luke Dashjr said some BLAKE2b mining pools are "attacking" the network. After the fork, the chain kept Bitcoin's difficulty settings and produced only about eight blocks in its first 22 days. It later resumed normal operation after enabling BLAKE2b hashing and adjusting difficulty. The asset is still not listed by most trading platforms, CoinGecko, or CoinMarketCap. Exchange platform Neoxa has said it will support the upcoming soft fork, according to Bitcoin.com News.
Bitcoin BLAKE2b developers plan to restrict miners from accessing newly mined tokens right away, introducing a 45-day waiting period for new BTCB2. The change is scheduled for block height 973440.
The chain forked from Bitcoin on Aug. 8. Its native token, BTCB2, is also labeled on some trading platforms as Bitcoin BLAKE2b, Bitcoin BIP-110, or XBT.
BTCB2 is down 84% from its September high of $1,799. In the past few hours, it traded around $270 to $315.
Developer Luke Dashjr said some BLAKE2b mining pools are "attacking" the network. After the fork, the chain retained Bitcoin's difficulty settings and produced only about eight blocks in its first 22 days. It later resumed operation after enabling BLAKE2b hashing and adjusting difficulty.
The chain is currently not listed by most trading platforms, CoinGecko, or CoinMarketCap. Neoxa has said it will support the coming soft fork. The report was cited from Bitcoin.com News.
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