It was only a matter of time until we would see some Bitcoin Cash hard forks.Given the popularity of this currency, it is only normal such thing are bound to happen. Bitcoin Candy, as this hard fork will be known as, aims to improve the existing code base in various ways. In fact, this fork will occur in the next 450 blocks, which makes it of great interest to the community. That doesn’t mean Bitcoin Candy will succeed, though.
As is the case with most hard forks, the question is how it will improve things. According to the site, Bitcoin Candy offers many different changes. Not just because of the pink and yellow logo mind you. There is a block time of just two minutes, which is pretty quick. The total supply will be 21 billion, instead of million. High-supply currencies don’t always perform well, but it could be worth a shot.
Bitcoin Candy is a Free Airdrop for BCH Holders
Under the hood, it also uses the Equihash mining algorithm, similar to Bitcoin Gold. Plus, it has no SegWit, which genuinely won’t surprise anyone whatsoever. All of these aspects will go live on the mainnet once Bitcoin Cash reaches block height 512666. At that time, BCH holders will receive 1,000 Bitcoin Candy per BCH they own at that time. An interesting airdrop well worth keeping an eye on moving forward.
For the time being, this hard fork has no roadmap whatsoever. Rather disconcerting, given how the hard fork will occur very soon. There doesn’t appear to be any long-term vision other than making some quick money. With 1% of the supply pre-mined, that could happen very quickly. Whether or not CDY will be of great interest to the public, remains to be seen. It is evident people like free money, because that is part of human nature. Whether these coins will actually be worth something, has yet to be determined.
It’s refreshing to see a hard fork which isn’t an airdrop for Bitcoin users. After all, the BTC and BCH camps have been at odds for some time now. Since the Bitcoin Candy teams believe in Bitcoin Cash, they chose that blockchain for their hard fork. It makes a lot of sense, but there’s no guarantee for success. It seems CoinEx is the only exchange pledging support for this fork right now. Other companies may follow suit, but no one has officially confirmed support.
Header image courtesy of Shutterstock
