Bitcoin Classic (BGH) Price, Chart, Value & Market Cap | CoinCodex

Bitcoin Classic (BGH) is an electronic payment system based on cryptographic proof instead of trust, allowing
any two willing parties to transact directly with each other without the need for a trusted third party. Bitcoin Classic with the symbol of “BGH”, is a digital currency set out by the great Satoshi Nakamoto, can be sent directly from person to person (peer-to-peer) via the net without need for a financial institution. Building a token economy that can be used by anyone, conveniently and naturally as part of daily life, replacing most international payment system in the world with a better user experience. Bitcoin Classic brings a low-cost, safe and reliable payment method to merchants and users. It propose a solution to the double-spending problem using a peer-to-peer network. The
network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof- of-work.

Bitcoin Classic (BGH) is a fork of Bitcoin that occurs at the block height of block 630,000 and therewith a new chain is generated as the BGH. Bitcoin Classic miners begins creating blocks with a new proof-of-work algorithm, and will consecutively develop and improve the transaction speed based on original features of BTC. This causes a hard fork of the Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branch splits off from the original chain. Bitcoin Classic shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges.