When Bitcoin Cash broke away from Bitcoin through a hard fork back on August 1, 2017, many bitcoin exchanges, enthusiasts and cryptocurrency analysts were of the opinion that the new fork would amount to nothing. But to the surprise of many in the crypto space, Bitcoin Cash stood its ground, and several exchanges even began listing the coin. Just a few months down the line, The Bitcoin Cash network is ready for its first hard fork, Bitcoin Candy (CDY).
Bitcoin Candy Airdrop
The Bitcoin Candy hard fork has pledged to bring improvements to the BCH code base in several ways. The fork is scheduled to activate within the next 450 blocks (block height 512666). The CDY team have declared on their website that Bitcoin Candy will bring significant changes to the cryptocurrency ecosystem by exploring anti quantum attacks, increased block interval of two minutes and a total supply of 21 billion.
Bitcoin Candy will use the Equihash mining algorithm, like Bitcoin gold, and it does not offer Segwit support. Candy will activate on the Mainnet at block height 512666, after which some of the proposed improvements of the community will take effect.
Apart from the changes hard forks bring to the network, it also gives holders of the parent coin, BCH in this case, an opportunity to get an airdrop of the new coins free of charge provided their cryptocurrency wallets or exchanges support the hard fork.
BCH holders will be airdropped 1,000 CDY per BCH they own.
Presently, this fork is only supported by CoinEX cryptocurrency exchange. However other wallets and exchanges might later offer support for CDY, especially if the coin amounts to something significant.
Interested users can visit CDY’s website to find more information about project’s roadmap. While January 13, 2018, was the projected day of the hard fork, block 51266 was mined on January 12, 2018, at 23:32 UTC. The mainnet being launched at the end of January.