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What does bcc withdrawal mean (What is bcc coin)

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What does bcc withdrawal mean? By understanding what bcc withdrawal means, you

What does bcc withdrawal mean (What is bcc coin)

What does bcc withdrawal mean? By understanding what bcc withdrawal means, you will know what Bitcoin’s forked coin BCC is.

BCC is developed based on the Bitcoin protocol. It is a network supported and operated by the Bitcoin network and the Ethereum blockchain. In BitcoinCore, as a single block producer, BCCN mining rewards can be sent to an address, which will result in the creation of new tokens BCC. These funds will be used to pay other users or recover the original assets. (Bitcoin.com)

What is bcc coin

According to official news, Bcc coin is a token issued by the Singapore BitcoinCash Association based on the Ethereum network. The project was officially established in March 2017. Its code name is “BCC” and it is used to support network payment systems for mainstream digital currencies such as Bitcoin and Ethereum Classic. It is reported that currently dozens of countries and regions around the world, including the United States and Canada, accept BTC as a settlement currency for payments and remittance services.

According to bitbc.com data, it is understood that approximately 1 billion BCC coins have been issued since early 2017; by the end of 2018, the number has grown to more than 30 times; as of February 2020, approximately 60 million BCC coins have been mined. (Babbitt)

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