Bitcoin BLAKE2b plans to require miners to wait 45 days before they can use the newly mined BTCB2, with the token dropping 84% from its peak

According to Bitcoin.com, the developers of Bitcoin BLAKE2b plan to restrict miners from unlocking newly mined tokens, with a waiting period set at 45 days. The relevant changes are scheduled to be implemented at block height 973440.

This chain was forked from Bitcoin on August 8. Its native token BTCB2 is also labeled by some trading platforms as Bitcoin BLAKE2b, Bitcoin BIP-110, or XBT.

BTCB2 has dropped 84% from its September peak of $1799, with recent trading prices around $270 to $315. Developer Luke Dashjr stated that some BLAKE2b mining pools are "attacking" the network. After the fork, the chain continued to use Bitcoin's difficulty, mining only about 8 blocks in the first 22 days, and then resumed operation by enabling BLAKE2b hashing and adjusting the difficulty.

Currently, this chain is not listed on most trading platforms, nor on CoinGecko or CoinMarketCap. The trading platform Neoxa has expressed support for the upcoming soft fork.