What is Bitcoin Cash 2018-07-13T15:44:07+00:00

What is Bitcoin Cash What is b cash how is bitcoin cash different to bitcoin bitcoin cash v bitcoin

What is Bitcoin Cash?

Bitcoin Cash is a fork of the Bitcoin core blockchain and is defined as ‘Peer-to-Peer Electronic Cash’. The fork itself was decided as a result of a divide in the community between the ongoing scaling issue on the Bitcoin core blockchain. The Bitcoin Cash team state that Bitcoin Cash is in fact “fulfilling the original promise of Bitcoin”.

As Bitcoin gained increased popularity, the transactions’ started to take longer before being verified and the fees were increasing at an alarming rate. Bitcoin Cash was created in order to reduce the time it took to send transactions as well as drastically reducing the fees. Bitcoin Cash has caused somewhat of a divide in the community, there is growing speculation as to which coin (Bitcoin or Bitcoin Cash) will become the main chain.

Bitcoin Cash is fully decentralized, allowing users to exchange a store of value peer-to-peer without the need of a central bank or trusted third party. When the fork initially happened on August 1st 2017, anyone who was holding Bitcoin and had control of their private keys would have received the same amount in Bitcoin Cash.

What makes Bitcoin Cash different to Bitcoin

Bitcoin Cash has a larger adjustable blocksize limit, with an increased default of 8MB. This is intended to provide extra space in each of the block. This allows more transactions to be confirmed every second which is much more efficient when intended as a peer-to-peer method of exchange.

Bitcoin Cash has a new signature hash, this provides replay protection. This means that when a transaction is sent on the Bitcoin Cash blockchain it cannot be replayed on the legacy Bitcoin chain and vise versa. The new SigHash also improves hardware wallet security.

Finally there is a responsive difficulty adjustment algorithm (DAA), this allows miners to migrate from the legacy Bitcoin chain while providing protection against hashrate fluctuations.

Where to buy Bitcoin Cash

Bitcoin Cash is available on most of the popular exchanges.

More information and resources

Bitcoin Cash (BCH) Live Price:

The Bitcoin v Bitcoin Cash debate

There’s a growing debate online over which is the ‘real’ Bitcoin. The debate is spear headed by early Bitcoin adopter, Roger Ver. As an early adopter of Bitcoin, Ver has invested millions of dollars into blockchain and cryptocurrency start ups such as Ripple, Kraken and Purse.io. He’s owned the web domain Bitcoin.com since 2014 and now uses it to promote adoption of Bitcoin Cash.

Ver has always been a strong advocate of Bitcoin, believing it is the path to economic freedom. He believes that Bitcoin Cash is the ‘real’ version of Bitcoin because it has cheaper transaction fees and faster transaction times, both of which hinder Bitcoin of being able to achieve rapid and widespread growth. The block size limit, Ver believes will stifle the growth of Bitcoin.

Bitcoin v Bitcoin Cash key differences

bitcoin v bitcoin cash differences

Bitcoin Cash Price:

Learn About More Altcoins:

Recent cryptocurrency news

  • cryptocurrency digital marketing choosing the right domain crypto website

Choosing the Best Domain Name for a Crytocurrency Related Website

February 14th, 2019|0 Comments

Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that [...]

  • How blockchain will influence ecommerce

How Blockchain Will Influence the Ecommerce Industry

February 4th, 2019|0 Comments

The blockchain technology has revolutionized the financial transactions in the last few years. 2019 is going to be the year when this technology will influence the e-commerce market to a great extent. The fact that [...]

  • ddd

Learn How to Buy Cryptocurrency in Easy Steps

February 1st, 2019|0 Comments

The year 2017 saw the massive rise of Bitcoin which is currently the dominating cryptocurrency in the market. Despite its slight fall recently, it is still the future because technology is the future, there’s no [...]

  • MGO Mobile Go token

MGO Set For a Positive Uptrend as Game Devs Favor it as a Currency of Choice.

February 1st, 2019|0 Comments

Over the course of the last few weeks, game developers and publishers that utilize the Xsolla platform have begun to rely more and more on withdrawing the profits that they make directly in MobileGo (MGO) [...]